Carson City, NV—89701
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 $465,000, with a year-over-year change of 2.8%. This indicates that home prices in Carson City, NV are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $465,000 | 2.8% |
| Single Family | $471,000 | 2.6% |
| Condos | $282,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $337,000 | 0.9% |
3 Bed | $448,000 | 2.3% |
4 Bed | $564,000 | 3.7% |
| 5 Bed | $718,000 | 7.2% |
% of Housing Stock
Rental Trends — Carson City, NV
As of July '25, Rentcast reports the average rent in Carson City, NV is $2,140, with a year-over-year rent change of 13.2%. Per bedroom, the median rent as of July '25 in Carson City, NV is studios: $1,100, 1-bedrooms: $1,240, 2-bedrooms: $1,650, 3-bedrooms: $2,390, 4-bedrooms: $3,060. The most common rental property sizes in Carson City, NV are 2-bedroom and 3-bedroom, accounting for 35.8% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,140 |
| Studio Rent | $1,100 | $1,100 |
| 1 Bed Rent | $1,200 | $1,240 |
| 2 Bed Rent | $1,600 | $1,650 |
| 3 Bed Rent | $2,300 | $2,390 |
| 4 Bed Rent | $2,980 | $3,060 |
% 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 73. This is a increase of 2.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $502,000 | -3.0% |
Listing Count | 82 | 3.0% |
| Listings as % of Homes | 0.7% | 3.0% |
Days on Market | 73 | 2.0% |
Demographics — Carson City, NV
As of the latest ACS Survey released in 2023, Carson City, NV has a population of 28,400, which has increased by 6.8% over the past 5 years. Carson City, NV is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,400 | 6.8% |
% Under 18 | 19.5% | -11.4% |
% Seniors | 18.1% | 4.6% |
% WFH | 10.9% | 275.9% |
% w/ College Degree | 20.3% | 6.3% |
As of the latest ACS Survey released in 2023, Carson City, NV is a predominantly white area, with 58.6% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Carson City, NV is hispanic, making up 26.3% of the population. Foreign-born residents account for 13.9% of the population in Carson City, NV, and this percentage has increased by 19.8% 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 | 58.6% | -8.0% |
% Black | 3.5% | 59.1% |
% Hispanic | 26.3% | 0.4% |
% Asian | 3.1% | 10.7% |
% Foreign Born | 13.9% | 19.8% |
Mortgage and Risk — Carson City, NV
According to HUD data as of 2023, there were 411 mortgage originations in Carson City, NV, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 27.0% 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. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 411 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
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 7.4%. 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. In Carson City, NV, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 339 |
Total Units Section 8 | 316 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | 73.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,200 | $1,140 |
| 2 Bedroom | -$140 | $1,600 | $1,460 |
| 3 Bedroom | -$250 | $2,300 | $2,050 |
| 4 Bedroom | -$530 | $2,980 | $2,450 |
Affordability — Carson City, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $465,000 |
| Median Household Income | $71,400 |