Nevada City, CA—95960
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 $351,000, with a year-over-year change of -1.3%. This indicates that home prices in Nevada City, CA are decreasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $351,000 | -1.3% |
| Single Family | $352,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $372,000 | -1.6% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Nevada City, CA
Nevada City, CA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% 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 59. This is a decrease of -36.0% 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 80.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | -11.0% |
Listing Count | 5 | 50.0% |
| Listings as % of Homes | 0.3% | 50.0% |
Days on Market | 59 | -36.0% |
Demographics — Nevada City, CA
As of the latest ACS Survey released in 2023, Nevada City, CA has a population of 568, which has decreased by -31.2% over the past 5 years. Nevada City, CA is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 568 | -31.2% |
% Under 18 | 20.4% | 23.6% |
% Seniors | 11.1% | -48.8% |
% WFH | 28.6% | -32.1% |
% w/ College Degree | 14.9% | -44.0% |
As of the latest ACS Survey released in 2023, Nevada City, CA is a predominantly white area, with 95.2% of the population identifying as white. The white population has grown by 5.4% in the last 5 years. The second most common race or ethnicity in Nevada City, CA is hispanic, making up 1.6% of the population. Foreign-born residents account for 2.5% of the population in Nevada City, CA, and this percentage has increased by 31.6% 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 | 95.2% | 5.4% |
% Black | 0.0% | N/A |
% Hispanic | 1.6% | 100.0% |
% Asian | 0.9% | ∞% |
% Foreign Born | 2.5% | 31.6% |
Mortgage and Risk — Nevada City, CA
Nevada City, CA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
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 | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,320 |
| 2 Bedroom | N/A | N/A | $1,720 |
| 3 Bedroom | N/A | N/A | $2,410 |
| 4 Bedroom | N/A | N/A | $2,880 |
Affordability — Nevada City, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.8 |
| Median Home Price | $351,000 |
| Median Household Income | $40,100 |