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Carson City, NV housing market

Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources

Typical home value$494,228+1.0% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$107,138About 1.5× the local median income ($72,143): a stretch for a typical household
Days on market58 daysFaster than a year ago: sellers have the edge
Next 12 months+2.9%Zillow expects prices to rise slightly

The typical home in Carson City, NV is worth $494,228, up 1.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $402,008, so the area is 22.9% overvalued. It is a balanced market, leaning toward buyers: homes take about 58 days to sell, listings are up 12% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 2.9% over the next year. A household needs about $107,138 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,143. Typical rent is $2,070 a month, or $2,433 for a house. In the latest IRS figures, 110 more people moved out than in.

Home value over time

$0K$100K$200K$300K$400K$500K19801990200020102020
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.

Prices and affordability

Typical home value$494,228
Change in 1 year+1.0%
Overvalued %+22.9%
Show 7 more
Fair home value$402,008
Change in 5 years+11.8%
Zillow forecast, next 12 months+2.9%
Home value to income6.9×
Monthly mortgage payment (20% down)$2,678
Income needed to afford it$107,138
Property tax rate0.41%

Rent and investing

Typical rent$2,070
Typical rent for houses$2,433
Price-to-rent ratio19.9×
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HUD Fair Market Rent, 2 bedrooms$1,453
Gross rental yield5.03%
Cap rate (estimate)3.27%

Market activity

Listings vs a year ago+11.9%
Days on market58
Listings with a price cut24.2%
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Homes for sale113
Pending sales per 100 listings54
Asking price per sq ft$315

People and jobs

Median household income$72,143
Population change (1 year)+0.5%
Unemployment rate5.5%
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Population58,571
Income adjusted for cost of living$73,540
Net moves in (IRS)−110
Cost of living (US = 100)98.1

Schools, risk and environment

School rating (1 to 10)7.0
FEMA hazard risk score (0 to 100)76.1
Unhealthy air days a year0
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Flood risk score46.1
Wildfire risk score93.5
Walkability (1 to 20)9.9
Road, rail and air noise54 dB

Questions people ask

Is Carson City, NV overvalued?
Home prices in Carson City, NV are well above what local incomes have historically supported: fair value is about $402,008, so the area is 22.9% overvalued.
Is Carson City, NV a buyer's or seller's market?
Carson City, NV is a balanced market, leaning toward buyers: homes take about 58 days to sell, listings are up 12% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Carson City, NV?
Home values in Carson City, NV are up 1.0% over the last year. Zillow's forecast for the next 12 months is +2.9%.
How much do you need to earn to buy a home in Carson City, NV?
A household needs about $107,138 a year to afford the typical home in Carson City, NV at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,143.

Counties in this metro

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