Nevada, IA—50201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nevada, IA
As of Oct '25, the median home price in Nevada, IA is $237,000, with a year-over-year change of 2.7%. This indicates that home prices in Nevada, IA are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $237,000 | 2.7% |
| Single Family | $237,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $183,000 | 1.7% |
3 Bed | $233,000 | 3.1% |
4 Bed | $301,000 | 3.4% |
| 5 Bed | $384,000 | 2.9% |
% of Housing Stock
Rental Trends — Nevada, IA
As of July '25, Rentcast reports the average rent in Nevada, IA is $911, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Nevada, IA is studios: $600, 1-bedrooms: $805, 2-bedrooms: $735, 3-bedrooms: $1,550. The most common rental property sizes in Nevada, IA are 2-bedroom and 1-bedroom, accounting for 43.1% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $755 | $911 |
| Studio Rent | $550 | $600 |
| 1 Bed Rent | $755 | $805 |
| 2 Bed Rent | $750 | $735 |
| 3 Bed Rent | $1,500 | $1,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Nevada, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Nevada, IA is 50. This is a decrease of -49.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $274,000 | 23.0% |
Listing Count | 42 | 25.0% |
| Listings as % of Homes | 0.5% | 25.0% |
Days on Market | 50 | -49.0% |
Demographics — Nevada, IA
As of the latest ACS Survey released in 2023, Nevada, IA has a population of 8,300, which has remained stable by -0.0% over the past 5 years. Nevada, IA is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 32.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,300 | 0.0% |
% Under 18 | 23.3% | -11.4% |
% Seniors | 19.3% | 24.5% |
% WFH | 8.6% | -21.8% |
% w/ College Degree | 32.3% | 2.9% |
As of the latest ACS Survey released in 2023, Nevada, IA is a predominantly white area, with 83.1% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in Nevada, IA is hispanic, making up 10.0% of the population. Foreign-born residents account for 2.4% of the population in Nevada, IA, and this percentage has increased by 118.2% 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 | 83.1% | -12.7% |
% Black | 0.4% | -50.0% |
% Hispanic | 10.0% | 233.3% |
% Asian | 0.6% | 20.0% |
% Foreign Born | 2.4% | 118.2% |
Mortgage and Risk — Nevada, IA
According to HUD data as of 2023, there were 154 mortgage originations in Nevada, IA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Nevada, IA. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 154 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Nevada, IA
Nevada, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 64 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 93.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $755 | $830 |
| 2 Bedroom | $180 | $750 | $930 |
| 3 Bedroom | -$180 | $1,500 | $1,320 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Nevada, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $237,000 |
| Median Household Income | $82,000 |