Yerington, NV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Yerington Neighborhoods Since 2000




Yerington, 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

Yerington Housing Market Information

With a population of 3,064, 1,347 total housing units (homes and apartments), and a median house value of $153,769, Yerington 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 Yerington, accounting for 70.55% of the city's housing units. Other types of housing that are prevalent in Yerington include large apartment complexes or high rise apartments ( 12.79%), duplexes, homes converted to apartments or other small apartment buildings ( 9.06%), and a few mobile homes or trailers ( 7.60%).

The most prevalent building size and type in Yerington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.40% owning and 45.60% renting.

There is a lot of housing in Yerington 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 Yerington built between 1940-1969 ( 26.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.13%). There's also some housing in Yerington built before 1939 ( 3.04%).

Vacant housing appears to be an issue in Yerington. Fully 14.69% of the housing stock is classified as vacant. Left unchecked, vacant Yerington homes and apartments can be a drag on the real estate market, holding Yerington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Yerington Home Appreciation Rates

Homes have actually lost value in Yerington over the last then years, as home values have seen a decline of 24.26% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Yerington home appreciation rates at 4.32%, which equates to an annual appreciation rate of 18.45%.

Appreciation rates are so strong in Yerington that despite a nationwide downturn in the housing market, Yerington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Yerington appreciation rates continue to be some of the highest in America, at 17.76%, which is higher than appreciation rates in 99.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Yerington. Yerington appreciation rates in the latest quarter were at 4.32%, which equates to an annual appreciation rate of 18.45%.

Importantly, this makes Yerington 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 Nevada, our data show that Yerington's latest annual appreciation rate is higher than 90% of the other cities and towns in Nevada.

Average Home Values

 

Median Home Value:
$153,769

Yerington, NV HOME PRICES

Value Range
> $1,389,000 0.5
$1,042,001 - $1,389,000 0.9
$694,001 - $1,042,000 1.4
$556,001 - $694,000 1.8
$417,001 - $556,000 2.6
$278,001 - $417,000 11.0
$139,001 - $278,000 41.5
$70,001 - $139,000 27.8
$0 - $70,000 12.6

Low for NV
Average for Nation

Value Relative to Nation Value Relative to State
48.4354857611625 66.0

Number Of Homes And Apartments:
1,347

Yerington 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
26.47% 1.37% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$788 / per month

Homeownership Rate

Homeownership
Owners 54.40
Renters 45.60
Vacant 14.69

Housing Market Details

 

Age of Homes

AGE OF Yerington HOMES
2000 or Newer 10.1
1970 - 1999 60.1
1940 - 1969 26.7
1939 or Older 3.0

Types of Homes

TYPE OF Yerington HOMES
Single-Family 70.6
Townhomes 0.0
Small Apt. Buildings 9.1
Apt. Complexes 12.8
Mobile Homes 7.6
Other 0.0

Home Size

SIZE OF Yerington HOMES
No Bedroom 6.02
1 Bedroom 14.88
2 Bedrooms 25.46
3 Bedrooms 50.85
4 Bedrooms 2.79
5 or more bedrooms 0.00

Popular Neighborhoods in Yerington

Popular Communities Near Yerington, NV

Zip Codes in Yerington, NV