Median real estate price in the City Center of Fernley is $233,829, which is more expensive than 47.2% of the neighborhoods in Nevada and 61.0% of the neighborhoods in the U.S.
The average rental price in Fernley City Center is currently $1,232, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.3% of Nevada neighborhoods.
Fernley City Center is a rural neighborhood (based on population density) located in Fernley, Nevada.
Real estate in the City Center of Fernley, NV is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Fernley City Center. The current real estate vacancy rate here is 34.5%. This is higher than the rate of vacancies in 95.9% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.