Home Values

Nevada City Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$362,300

  • 10.1% 1-year change
  • None 1-year forecast

The median home value in Nevada City is $362,300. Nevada City home values have gone up 10.1% over the past year. The median list price per square foot in Nevada City is $218, which is lower than the Truckee Metro average of $226. The median price of homes currently listed in Nevada City is $499,500 while the median price of homes that sold is $351,000. The median rent price in Nevada City is $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Nevada City 2.6 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Nevada City is 4.5%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Nevada City homeowners underwater on their mortgage is 12.6%.

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Relative ZHVI
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Nevada City Market Overview

Data through Sep 30, 2014
  • $362,300 ZHVI
  • No data 1-yr forecast
  • $499,500 Median listing price
  • $351,000 Median sale price
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Nevada City Market Health

Data through Sep 30, 2014
  • 6.1/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 12.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.6 homes Nevada City
4 homes United States
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Nearby Cities

Name Median ZHVI
Rough and Ready $332,400
Grass Valley $301,300
Colfax $281,000
Name Median ZHVI
Foresthill $276,400
Alta $240,800
 

Listings & Sales

Data through Sep 30, 2014
  • $218 Median list price / sq ft
  • $203 Median sale price / sq ft
  • 44.5% Listings with price cut
16.9%
Sold below listing
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Nevada City Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,517 Nevada City
    $1,595 Truckee Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,250 Rent list price
  • No data Rent list price / sq ft
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