Gardnerville, NV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Gardnerville Neighborhoods Since 2000




Gardnerville, NV 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

Gardnerville Housing Market Information

With a population of 5,721, 2,438 total housing units (homes and apartments), and a median house value of $250,820, Gardnerville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Gardnerville, accounting for 58.98% of the town's housing units. Other types of housing that are prevalent in Gardnerville include large apartment complexes or high rise apartments ( 18.27%), mobile homes or trailers ( 11.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.47%).

The most prevalent building size and type in Gardnerville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.24% owning and 46.76% renting.

There is a lot of housing in Gardnerville 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 Gardnerville built between 2000 and later ( 43.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.14%).

Gardnerville Home Appreciation Rates

Gardnerville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gardnerville during the period has been just -1.88%, which is lower than 80% of US communities.

Appreciation rates are so strong in Gardnerville that despite a nationwide downturn in the housing market, Gardnerville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gardnerville appreciation rates continue to be some of the highest in America, at 13.73%, which is higher than appreciation rates in 98.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gardnerville. Gardnerville appreciation rates in the latest quarter were at 4.32%, which equates to an annual appreciation rate of 18.45%.

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

Relative to Nevada, our data show that Gardnerville's latest annual appreciation rate is higher than 70% 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 town. Individual neighborhoods within Gardnerville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gardnerville - 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 Gardnerville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$250,820

Gardnerville, NV HOME PRICES

Value Range
> $1,361,000 0.0
$1,021,001 - $1,361,000 0.0
$681,001 - $1,021,000 4.4
$545,001 - $681,000 3.2
$408,001 - $545,000 14.6
$272,001 - $408,000 32.1
$136,001 - $272,000 19.1
$68,001 - $136,000 14.6
$0 - $68,000 11.9

High for NV
High for Nation

Value Relative to Nation Value Relative to State
22.3954060705496 28.0

Number Of Homes And Apartments:
2,438

Gardnerville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NV*
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
62.14% 2.84% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,190 / per month

Homeownership Rate

Homeownership
Owners 53.24
Renters 46.76
Vacant 7.58

Housing Market Details

 

Age of Homes

AGE OF Gardnerville HOMES
2000 or Newer 43.3
1970 - 1999 50.6
1940 - 1969 6.1
1939 or Older 0.0

Types of Homes

TYPE OF Gardnerville HOMES
Single-Family 59.0
Townhomes 3.7
Small Apt. Buildings 7.5
Apt. Complexes 18.3
Mobile Homes 11.1
Other 0.5

Home Size

SIZE OF Gardnerville HOMES
No Bedroom 3.41
1 Bedroom 3.22
2 Bedrooms 29.80
3 Bedrooms 48.18
4 Bedrooms 10.39
5 or more bedrooms 5.00