Nevada, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Nevada Neighborhoods Since 2000




Nevada, IA 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 Housing Market Information

With 6,831 people, 2,791 houses or apartments, and a median cost of homes of $141,795, Nevada real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Nevada, accounting for 66.30% of the city's housing units. Other types of housing that are prevalent in Nevada include large apartment complexes or high rise apartments ( 13.39%), mobile homes or trailers ( 9.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nevada. Owner-occupied housing accounts for 68.32% of Nevada's homes, and 53.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Nevada built from 1970 to 1999 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 Nevada built between 1940-1969 ( 31.88%). A lesser amount of the housing stock also hails from before 1939 ( 19.61%). There's also some housing in Nevada built between 2000 and later ( 8.50%).

Nevada Home Appreciation Rates

Appreciation rates for homes in Nevada have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.54%, which ranks in the top 30% nationwide. This equates to an annual average Nevada house appreciation rate of 1.01%.

NeighborhoodScout's data show that during the latest twelve months, Nevada's appreciation rate, at 3.45%, has been at or slightly above the national average. In the latest quarter, Nevada's appreciation rate has been 0.02%, which annualizes to a rate of 0.09%.

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

Average Home Values

 

Median Home Value:
$141,795

Nevada, IA HOME PRICES

Value Range
> $1,090,000 0.9
$818,001 - $1,090,000 1.9
$545,001 - $818,000 0.3
$436,001 - $545,000 1.4
$327,001 - $436,000 2.7
$218,001 - $327,000 10.8
$109,001 - $218,000 53.8
$55,001 - $109,000 19.0
$0 - $55,000 9.2

High for IA
Average for Nation

Value Relative to Nation Value Relative to State
53.9259346068206 36.7901234567901

Number Of Homes And Apartments:
2,791

Nevada Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
31.51% 1.60% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$762 / per month

Homeownership Rate

Homeownership
Owners 68.32
Renters 31.68
Vacant 7.71

Housing Market Details

 

Age of Homes

AGE OF Nevada HOMES
2000 or Newer 8.5
1970 - 1999 40.0
1940 - 1969 31.9
1939 or Older 19.6

Types of Homes

TYPE OF Nevada HOMES
Single-Family 66.3
Townhomes 3.6
Small Apt. Buildings 7.3
Apt. Complexes 13.4
Mobile Homes 9.4
Other 0.0

Home Size

SIZE OF Nevada HOMES
No Bedroom 3.41
1 Bedroom 12.33
2 Bedrooms 27.31
3 Bedrooms 42.23
4 Bedrooms 11.67
5 or more bedrooms 3.04

Popular Neighborhoods in Nevada

Zip Codes in Nevada, IA