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  4. /Carson City, NV - 89703

Carson City, NV—89703

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$632,000
0.4% YoY Growth
Household Income
$82,200
19.4% YoY Growth
Days on Market
45
13.0% Shorter YoY
Home Price Forecast
0.2%
Median Rent
$2,400
10.9% YoY Growth
1-Bed Rent
$990
23.4% YoY Growth
2-Bed Rent
$1,350
19.0% YoY Growth
3-Bed Rent
$2,550
5.0% YoY Growth

Other Zip Codes in Carson City, NV

897068970589701
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Carson City, NV

As of May '26, the median home price in Carson City, NV is $632,000, with a year-over-year change of 0.4%. This indicates that home prices in Carson City, NV are flat. 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 TypeMedian Home ValueYoY % Change
All Homes
$632,0000.4%
Single Family $635,0000.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$378,000-3.3%
    3 Bed
    		$593,0000.7%
    4 Bed
    		$765,0000.8%
    5 Bed $952,8391.7%
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    % of Housing Stock

    Studio
    5.9%
    1 Bedroom
    8.9%
    2 Bedrooms
    14.6%
    3 Bedrooms
    43.9%
    4 Bedrooms
    22.0%
    5+ Bedrooms
    4.6%

    Rental Trends — Carson City, NV

    As of July '25, Rentcast reports the average rent in Carson City, NV is $2,210, with a year-over-year rent change of -10.9%. Per bedroom, the median rent as of July '25 in Carson City, NV is 1-bedrooms: $1,050, 2-bedrooms: $1,620, 3-bedrooms: $2,640, 4-bedrooms: $2,900. The most common rental property sizes in Carson City, NV are 1-bedroom and 2-bedroom, accounting for 30.5% and 24.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,400$2,210
    Studio Rent N/AN/A
    1 Bed Rent $990$1,050
    2 Bed Rent $1,350$1,620
    3 Bed Rent $2,550$2,640
    4 Bed Rent $2,600$2,900
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    % of Rental Stock

    Studio
    21.6%
    1 Bedroom
    30.5%
    2 Bedrooms
    24.0%
    3 Bedrooms
    23.5%
    4 Bedrooms
    0.5%

    Property Listings — Carson City, NV

    As of May '26, Realtor.com reports that the median days on market for a home in Carson City, NV is 45. This is a decrease of -13.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$720,00015.0%
    Listing Count
    		54-15.0%
    Listings as % of Homes0.9%-15.0%
    Days on Market
    		45-13.0%
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    Demographics — Carson City, NV

    As of the latest ACS Survey released in 2023, Carson City, NV has a population of 10,900, which has increased by 10.8% over the past 5 years. Carson City, NV is a moderately popular place for families, as children make up 16.2% of the population. The area has a highly educated workforce, with 45.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		10,90010.8%
    % Under 18
    		16.2%-5.8%
    % Seniors
    		29.8%8.0%
    % WFH
    		8.5%66.7%
    % w/ College Degree
    		45.5%9.4%
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    As of the latest ACS Survey released in 2023, Carson City, NV is a predominantly white area, with 82.4% of the population identifying as white. The white population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Carson City, NV is hispanic, making up 10.6% of the population. Foreign-born residents account for 6.0% of the population in Carson City, NV, and this percentage has decreased by 30.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		82.4%3.6%
    % Black
    		0.2%-81.8%
    % Hispanic
    		10.6%7.1%
    % Asian
    		2.6%-42.2%
    % Foreign Born
    		6.0%-30.2%
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    Mortgage and Risk — Carson City, NV

    According to HUD data as of 2023, there were 194 mortgage originations in Carson City, NV, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Carson City, NV. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		194
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Carson City, NV

    As of 2024, the percent of homes in Carson City, NV under the Section 8 program is 6.5%. 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 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 and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		90
    Total Units Section 8
    		90
    % Rentals under Section 8
    		6.5%
    % Occupied Section 8
    		65.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$150$990$1,140
    2 Bedroom$80$1,350$1,430
    3 Bedroom-$540$2,550$2,010
    4 Bedroom-$190$2,600$2,410

    Affordability — Carson City, NV

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7
    Median Home Price$632,000
    Median Household Income$82,200

    Carson City, NV — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions