Carson City, NV—89705
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 $519,000, with a year-over-year change of 2.2%. This indicates that home prices in Carson City, NV are increasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $519,000 | 2.2% |
| Single Family | $523,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $500,000 | 1.8% |
4 Bed | $732,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Carson City, NV
As of July '25, Rentcast reports the average rent in Carson City, NV is $2,620, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Carson City, NV is 2-bedrooms: $2,300, 3-bedrooms: $2,570, 4-bedrooms: $3,550. The most common rental property sizes in Carson City, NV are 3-bedroom and 2-bedroom, accounting for 51.4% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,100 | $2,300 |
| 3 Bed Rent | $2,350 | $2,570 |
| 4 Bed Rent | $3,550 | $3,550 |
% 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 53. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $720,000 | -5.0% |
Listing Count | 50 | 20.0% |
| Listings as % of Homes | 1.4% | 20.0% |
Days on Market | 53 | -15.0% |
Demographics — Carson City, NV
As of the latest ACS Survey released in 2023, Carson City, NV has a population of 5,100, which has decreased by -5.2% over the past 5 years. Carson City, NV is a moderately popular place for families, as children make up 17.7% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,100 | -5.2% |
% Under 18 | 17.7% | -18.8% |
% Seniors | 27.7% | 25.3% |
% WFH | 7.6% | 4.1% |
% w/ College Degree | 27.3% | 15.2% |
As of the latest ACS Survey released in 2023, Carson City, NV is a predominantly white area, with 69.9% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Carson City, NV is hispanic, making up 15.3% of the population. Foreign-born residents account for 12.6% of the population in Carson City, NV, and this percentage has increased by 32.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.9% | -4.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 15.3% | -21.9% |
% Asian | 9.7% | 1,112.5% |
% Foreign Born | 12.6% | 32.6% |
Mortgage and Risk — Carson City, NV
According to HUD data as of 2023, there were 123 mortgage originations in Carson City, NV, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Carson City, NV. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 123 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Carson City, NV
Carson City, NV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 68 |
Total Units Section 8 | 68 |
% Rentals under Section 8 | 16.9% |
% Occupied Section 8 | 76.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,270 |
| 2 Bedroom | -$480 | $2,100 | $1,620 |
| 3 Bedroom | -$80 | $2,350 | $2,270 |
| 4 Bedroom | -$810 | $3,550 | $2,740 |
Affordability — Carson City, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $519,000 |
| Median Household Income | $78,300 |