Carson City appreciation rates and housing market information

Carson City housing market information

With a population of 52,457, 21,283 total housing units (homes and apartments), and a median house value of $282,185, Carson City real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Carson City, accounting for 56.30% of the town's housing units. Other types of housing that are prevalent in Carson City include large apartment complexes or high rise apartments (18.05%), mobile homes or trailers (14.03%), duplexes, homes converted to apartments, or other small apartment buildings (7.15%), and a few row houses and other attached homes (4.18%).

The most prevalent building size and type in Carson City are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 59.80% owning, and 34.98% renting.

There is a lot of housing in Carson City built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Carson City built from 1940-1969 (20.67%). A lesser amount of the housing stock also hails from 1995 and later (13.96%), and some were built from 1939 and earlier (13.96%).

Carson City home appreciation rates

Appreciation rates for homes in Carson City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.69%, which ranks in the top 40% nationwide. This equates to an annual average Carson City house appreciation rate of 8.46%.

Over the last year, Carson City appreciation rates have trailed the rest of the nation. In the last twelve months, Carson City's appreciation rate has been -11.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carson City were at -3.89%, which equates to an annual appreciation rate of -15.56%.

Notably, Carson City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Nevada, our data show that Carson City's latest annual appreciation rate is higher than 45% of the other cities and towns in Nevada.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Carson City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Carson City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Carson City real estate investment or home purchase decisions.