Yerington, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Yerington, NV Housing Market Trends

With a population of 3,241, 1,456 total housing units (homes and apartments), and a median house value of $197,833, 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 73.44% of the city's housing units. Other types of housing that are prevalent in Yerington include mobile homes or trailers ( 9.64%), large apartment complexes or high rise apartments ( 8.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.09%).

People in Yerington primarily live in small (one, two or no bedroom) single-family detached homes. Yerington has a mixture of owner-occupied and renter-occupied housing.

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 ( 36.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.39%). There's also some housing in Yerington built before 1939 ( 2.59%).

Vacant housing appears to be an issue in Yerington. Fully 10.07% 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

In the last 10 years, Yerington has experienced some of the highest home appreciation rates of any community in the nation. Yerington real estate appreciated 89.33% over the last ten years, which is an average annual home appreciation rate of 6.59%, putting Yerington in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Yerington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 6.96%, which is higher than appreciation rates in 86.05% 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 4.14%, which equates to an annual appreciation rate of 17.61%.

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 80% of the other cities and towns in Nevada.

Average Home Values

 
info

Median Home Value:
$197,833

Yerington, NV HOME PRICES

> $1,415,000
0.2%
0.2%
$1,061,001 - $1,415,000
0.2%
0.2%
$707,001 - $1,061,000
0.4%
0.4%
$566,001 - $707,000
0.8%
0.8%
$425,001 - $566,000
7.4%
7.4%
$283,001 - $425,000
19.9%
19.9%
$142,001 - $283,000
42.0%
42.0%
$71,001 - $142,000
17.5%
17.5%
$0 - $71,000
11.6%
11.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for NV

Value Relative To Nation

Number Of Homes And Apartments:
1,456

Yerington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NV*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
83.79% 2.94%
3
6
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$829 / per month

Homeownership Rate

Owners
63.8%
63.8%
Renters
36.2%
36.2%
Vacant
10.1%
10.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
9.4%
9.4%
1970 - 1999
51.1%
51.1%
1940 - 1969
36.9%
36.9%
1939 or Older
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.4%
73.4%
Townhomes
0.3%
0.3%
Small Apt. Buildings
8.1%
8.1%
Apt. Complexes
8.5%
8.5%
Mobile Homes
9.6%
9.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
13.5%
13.5%
2 Bedrooms
34.5%
34.5%
3 Bedrooms
41.6%
41.6%
4 Bedrooms
3.1%
3.1%
5 or more bedrooms
6.3%
6.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Yerington

Popular Communities Near Yerington, NV

Zip Codes in Yerington, NV