Nevada City, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Nevada City Neighborhoods Since 2000




Nevada City, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Nevada City Housing Market Information

With 3,152 people, 1,470 houses or apartments, and a median cost of homes of $472,853, real estate costs in Nevada City are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Nevada City, accounting for 65.32% of the city's housing units. Other types of housing that are prevalent in Nevada City include large apartment complexes or high rise apartments ( 11.76%), row houses and other attached homes ( 9.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.61%).

People in Nevada City primarily live in small (one, two or no bedroom) single-family detached homes. Nevada City has a mixture of owner-occupied and renter-occupied housing.

The housing in Nevada City was primarily built before 1939 ( 36.16%), making the housing stock in Nevada City some of the oldest overall in America, although there is a range of ages of homes in Nevada City. The next most important housing age is between 1970-1999 ( 29.30%), followed by between 1940-1969 ( 28.23%). There's also some housing in Nevada City built between 2000 and later ( 6.32%).

Nevada City Home Appreciation Rates

Nevada City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nevada City during the period has been just -2.02%, which is lower than 80% of US communities.

Appreciation rates are so strong in Nevada City that despite a nationwide downturn in the housing market, Nevada City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Nevada City appreciation rates continue to be some of the highest in America, at 8.76%, which is higher than appreciation rates in 89.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Nevada City. Nevada City appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.47%.

Importantly, this makes Nevada City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Nevada City's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$472,853

Nevada City, CA HOME PRICES

Value Range
> $1,283,000 0.7
$962,001 - $1,283,000 7.0
$641,001 - $962,000 12.2
$513,001 - $641,000 18.6
$385,001 - $513,000 31.7
$257,001 - $385,000 19.2
$128,001 - $257,000 5.6
$64,001 - $128,000 0.0
$0 - $64,000 5.0

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
6.68580803937654 42.7248677248677

Number Of Homes And Apartments:
1,470

Nevada City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
50.75% 2.41% 1 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,522 / per month

Homeownership Rate

Homeownership
Owners 55.31
Renters 44.69
Vacant 1.21

Housing Market Details

 

Age of Homes

AGE OF Nevada City HOMES
2000 or Newer 6.3
1970 - 1999 29.3
1940 - 1969 28.2
1939 or Older 36.2

Types of Homes

TYPE OF Nevada City HOMES
Single-Family 65.3
Townhomes 9.7
Small Apt. Buildings 9.6
Apt. Complexes 11.8
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Nevada City HOMES
No Bedroom 3.23
1 Bedroom 17.14
2 Bedrooms 33.06
3 Bedrooms 39.52
4 Bedrooms 3.02
5 or more bedrooms 4.03

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Zip Codes in Nevada City, CA