Carson City, NV—89706
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 $444,000, with a year-over-year change of 0.7%. This indicates that home prices in Carson City, NV are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $444,000 | 0.7% |
| Single Family | $446,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $345,000 | -2.5% |
3 Bed | $441,000 | 0.5% |
4 Bed | $510,000 | 1.8% |
| 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 $1,490, with a year-over-year rent change of -25.1%. Per bedroom, the median rent as of July '25 in Carson City, NV is studios: $1,220, 1-bedrooms: $970, 2-bedrooms: $1,380, 3-bedrooms: $2,220, 4-bedrooms: $2,400. The most common rental property sizes in Carson City, NV are 2-bedroom and 3-bedroom, accounting for 38.6% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,490 |
| Studio Rent | $925 | $1,220 |
| 1 Bed Rent | $900 | $970 |
| 2 Bed Rent | $1,250 | $1,380 |
| 3 Bed Rent | $2,300 | $2,220 |
| 4 Bed Rent | $2,400 | $2,400 |
% 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 37. This is a increase of 51.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $481,000 | 3.0% |
Listing Count | 31 | -30.0% |
| Listings as % of Homes | 0.4% | -30.0% |
Days on Market | 37 | 51.0% |
Demographics — Carson City, NV
As of the latest ACS Survey released in 2023, Carson City, NV has a population of 20,700, which has increased by 4.9% over the past 5 years. Carson City, NV is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 17.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,700 | 4.9% |
% Under 18 | 23.4% | 12.0% |
% Seniors | 19.4% | 5.4% |
% WFH | 5.5% | 189.5% |
% w/ College Degree | 17.1% | 15.5% |
As of the latest ACS Survey released in 2023, Carson City, NV is a predominantly white area, with 58.4% of the population identifying as white. The white population has shrunk by 11.8% in the last 5 years. The second most common race or ethnicity in Carson City, NV is hispanic, making up 34.7% of the population. Foreign-born residents account for 14.9% of the population in Carson City, NV, and this percentage has decreased by 3.9% 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 | 58.4% | -11.8% |
% Black | 0.6% | -53.8% |
% Hispanic | 34.7% | 23.0% |
% Asian | 2.0% | 25.0% |
% Foreign Born | 14.9% | -3.9% |
Mortgage and Risk — Carson City, NV
According to HUD data as of 2023, there were 251 mortgage originations in Carson City, NV, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Carson City, NV. Investor activity is low, as 3.0% 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 | 251 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
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 15.0%. 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 and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 488 |
Total Units Section 8 | 489 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 68.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $900 | $1,210 |
| 2 Bedroom | $280 | $1,250 | $1,530 |
| 3 Bedroom | -$150 | $2,300 | $2,150 |
| 4 Bedroom | $170 | $2,400 | $2,570 |
Affordability — Carson City, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $444,000 |
| Median Household Income | $63,700 |