Carson City, NV—89703
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carson City, NV
As of Oct '25, the median home price in Carson City, NV is $612,000, with a year-over-year change of 3.2%. This indicates that home prices in Carson City, NV are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $612,000 | 3.2% |
| Single Family | $616,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $369,000 | -0.5% |
3 Bed | $570,000 | 2.7% |
4 Bed | $749,000 | 3.7% |
| 5 Bed | $915,000 | 4.2% |
% of Housing Stock
Rental Trends — Carson City, NV
As of July '25, Rentcast reports the average rent in Carson City, NV is $2,210, with a year-over-year rent change of -10.9%. Per bedroom, the median rent as of July '25 in Carson City, NV is 1-bedrooms: $1,050, 2-bedrooms: $1,620, 3-bedrooms: $2,640, 4-bedrooms: $2,900. The most common rental property sizes in Carson City, NV are 1-bedroom and 2-bedroom, accounting for 30.5% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $990 | $1,050 |
| 2 Bed Rent | $1,350 | $1,620 |
| 3 Bed Rent | $2,550 | $2,640 |
| 4 Bed Rent | $2,600 | $2,900 |
% of Rental Stock
Property Listings — Carson City, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Carson City, NV is 85. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $772,000 | 7.0% |
Listing Count | 67 | -32.0% |
| Listings as % of Homes | 0.9% | -32.0% |
Days on Market | 85 | 30.0% |
Demographics — Carson City, NV
As of the latest ACS Survey released in 2023, Carson City, NV has a population of 10,900, which has increased by 10.8% over the past 5 years. Carson City, NV is a moderately popular place for families, as children make up 16.2% of the population. The area has a highly educated workforce, with 45.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,900 | 10.8% |
% Under 18 | 16.2% | -5.8% |
% Seniors | 29.8% | 8.0% |
% WFH | 8.5% | 66.7% |
% w/ College Degree | 45.5% | 9.4% |
As of the latest ACS Survey released in 2023, Carson City, NV is a predominantly white area, with 82.4% of the population identifying as white. The white population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Carson City, NV is hispanic, making up 10.6% of the population. Foreign-born residents account for 6.0% of the population in Carson City, NV, and this percentage has decreased by 30.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.4% | 3.6% |
% Black | 0.2% | -81.8% |
% Hispanic | 10.6% | 7.1% |
% Asian | 2.6% | -42.2% |
% Foreign Born | 6.0% | -30.2% |
Mortgage and Risk — Carson City, NV
According to HUD data as of 2023, there were 194 mortgage originations in Carson City, NV, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Carson City, NV. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 194 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Carson City, NV
As of 2024, the percent of homes in Carson City, NV under the Section 8 program is 6.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Carson City, NV, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 90 |
Total Units Section 8 | 90 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $990 | $1,140 |
| 2 Bedroom | $80 | $1,350 | $1,430 |
| 3 Bedroom | -$540 | $2,550 | $2,010 |
| 4 Bedroom | -$190 | $2,600 | $2,410 |
Affordability — Carson City, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $612,000 |
| Median Household Income | $82,200 |