Nevada City, CA—95959
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Nevada City, CA
Home Price Trends — Nevada City, CA
As of Oct '25, the median home price in Nevada City, CA is $545,000, with a year-over-year change of -1.1%. This indicates that home prices in Nevada City, CA are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $545,000 | -1.1% |
| Single Family | $547,000 | -1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $348,000 | -1.7% |
2 Bed | $447,000 | -0.4% |
3 Bed | $593,000 | -1.3% |
4 Bed | $745,000 | -0.5% |
| 5 Bed | $827,000 | -0.6% |
% of Housing Stock
Rental Trends — Nevada City, CA
As of July '25, Rentcast reports the average rent in Nevada City, CA is $2,480, with a year-over-year rent change of 4.2%. Per bedroom, the median rent as of July '25 in Nevada City, CA is 1-bedrooms: $1,620, 2-bedrooms: $1,800, 3-bedrooms: $2,760, 4-bedrooms: $3,500. The most common rental property sizes in Nevada City, CA are 2-bedroom and 1-bedroom, accounting for 51.9% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,620 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $2,700 | $2,760 |
| 4 Bed Rent | $3,000 | $3,500 |
% of Rental Stock
Property Listings — Nevada City, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Nevada City, CA is 98. This is a increase of 41.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $699,000 | 3.0% |
Listing Count | 127 | 8.0% |
| Listings as % of Homes | 0.7% | 8.0% |
Days on Market | 98 | 41.0% |
Demographics — Nevada City, CA
As of the latest ACS Survey released in 2023, Nevada City, CA has a population of 18,000, which has remained stable by 0.6% over the past 5 years. Nevada City, CA is a less popular place for families, as children make up 13.8% of the population. The area has a highly educated workforce, with 45.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,000 | 0.6% |
% Under 18 | 13.8% | -1.4% |
% Seniors | 31.6% | 14.1% |
% WFH | 30.5% | 58.0% |
% w/ College Degree | 45.4% | 3.4% |
As of the latest ACS Survey released in 2023, Nevada City, CA is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Nevada City, CA is hispanic, making up 8.5% of the population. Foreign-born residents account for 8.4% of the population in Nevada City, CA, and this percentage has increased by 64.7% 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 | 81.2% | -6.1% |
% Black | 0.6% | -33.3% |
% Hispanic | 8.5% | 26.9% |
% Asian | 2.8% | 154.5% |
% Foreign Born | 8.4% | 64.7% |
Mortgage and Risk — Nevada City, CA
According to HUD data as of 2023, there were 231 mortgage originations in Nevada City, CA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Nevada City, CA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 231 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Nevada City, CA
Nevada City, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 76 |
Total Units Section 8 | 76 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,600 | $1,440 |
| 2 Bedroom | $90 | $1,800 | $1,890 |
| 3 Bedroom | -$50 | $2,700 | $2,650 |
| 4 Bedroom | $170 | $3,000 | $3,170 |
Affordability — Nevada City, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $545,000 |
| Median Household Income | $79,500 |