Incline Village-Crystal Bay appreciation rates and housing market information

Incline Village-Crystal Bay housing market information

With 9,977 people, 7,660 houses or apartments, and a median cost of homes of $802,836, Incline Village-Crystal Bay house prices are not only among the most expensive in Nevada, Incline Village-Crystal Bay real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Incline Village-Crystal Bay, accounting for 50.74% of the town's housing units. Other types of housing that are prevalent in Incline Village-Crystal Bay include large apartment complexes or high rise apartments (18.98%), row houses and other attached homes (14.67%), duplexes, homes converted to apartments, or other small apartment buildings (14.61%), and a few mobile homes or trailers (0.86%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Incline Village-Crystal Bay. Owner-occupied housing accounts for 37.18% of Incline Village-Crystal Bay's homes, and 67.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Incline Village-Crystal Bay 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 Incline Village-Crystal Bay built from 1940-1969 (12.81%). A lesser amount of the housing stock also hails from 1995 and later (7.39%), and some were built from 1939 and earlier (7.39%).

A decent proportion of the Incline Village-Crystal Bay housing stock is seasonally occupied. That is, homes and condos in Incline Village-Crystal Bay are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Incline Village-Crystal Bay housing market speaks to its popularity as a vacation location of choice.

Incline Village-Crystal Bay home appreciation rates

In the last 10 years, Incline Village-Crystal Bay has experienced some of the highest home appreciation rates of any community in the nation. Incline Village-Crystal Bay real estate appreciated 107.92% over the last ten years, which is an average annual home appreciation rate of 10.79%, putting Incline Village-Crystal Bay in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Incline Village-Crystal Bay definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Incline Village-Crystal Bay appreciation rates have trailed the rest of the nation. In the last twelve months, Incline Village-Crystal Bay's appreciation rate has been -11.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Incline Village-Crystal Bay were at -2.53%, which equates to an annual appreciation rate of -10.12%.

Notably, Incline Village-Crystal Bay's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Nevada, our data show that Incline Village-Crystal Bay's latest annual appreciation rate is higher than 40% of the other cities and towns in Nevada.