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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Carson City, NV Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Carson City, NV Housing Market Trends

With a population of 58,130, 23,355 total housing units (homes and apartments), and a median house value of $475,957, 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 58.54% of the city's housing units. Other types of housing that are prevalent in Carson City include large apartment complexes or high rise apartments ( 19.66%), mobile homes or trailers ( 8.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.71%).

The most prevalent building size and type in Carson City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.10% owning and 40.90% renting.

There is a lot of housing in Carson City 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 Carson City built between 1940-1969 ( 15.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.22%). There's also some housing in Carson City built before 1939 ( 1.82%).

Carson City Home Appreciation Rates

In the last 10 years, Carson City has experienced some of the highest home appreciation rates of any community in the nation. Carson City real estate appreciated 153.76% over the last ten years, which is an average annual home appreciation rate of 9.76%, putting Carson City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Carson City 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, Carson City appreciation rates have trailed the rest of the nation. In the last twelve months, Carson City's appreciation rate has been 0.18%, 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 3.41%, which equates to an annual appreciation rate of 14.34%.

Importantly, NeighborhoodScout’s exclusive research found that Carson City's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Nevada, our data show that Carson City's latest annual appreciation rate is lower than 80% 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 city. 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 2000, to assist you in making the best Carson City real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$475,957

Carson City, NV Home Prices
> $1,258,000
$944,001 - $1,258,000
$629,001 - $944,000
$503,001 - $629,000
$378,001 - $503,000
$251,001 - $378,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
1.9%
1.9%
4.2%
4.2%
18.1%
18.1%
19.3%
19.3%
26.2%
26.2%
15.3%
15.3%
5.2%
5.2%
2.5%
2.5%
7.2%
7.2%
0% 100.0%
% of Homes
High

for Nevada

Very High

for nation

Number of Homes And Apartments:

23,355

Carson City Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,673 / per month

Homeownership Rate

Owners
Renters
59.1%
59.1%
40.9%
40.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.2%
5.2%
94.8%
94.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.2%
15.2%
67.0%
67.0%
15.9%
15.9%
1.8%
1.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.5%
58.5%
6.0%
6.0%
6.7%
6.7%
19.7%
19.7%
9.0%
9.0%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.8%
4.8%
9.7%
9.7%
24.2%
24.2%
46.2%
46.2%
13.4%
13.4%
1.7%
1.7%
0% 100.0%
% of Homes