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

$354,100

  • -0.3% 1-year change
  • None 1-year forecast

The median home value in Nevada City is $354,100. Nevada City home values have declined -0.3% over the past year. The median list price per square foot in Nevada City is None. The median rent price in Nevada City is $1,100, which is lower than the Truckee Metro median of $1,425.

Foreclosures will be a factor impacting home values in the next several years. In Nevada City 1.7 homes are foreclosed (per 10,000). This is lower than the national value of 3.9

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 5.3%, which is lower than the national value of 6.3%. 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 10.7%.

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Relative ZHVI
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Nevada City Market Overview

Data through Apr 30, 2015
  • $354,100 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $376,550 Median sale price (Mar 31, 2015)
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Nevada City Market Health

Data through Apr 30, 2015
  • No recent data Stable
  • No data Average days on Zillow
  • 10.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.7 homes Nevada City
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Rough and Ready $328,800
Grass Valley $291,800
Foresthill $262,800
Name Median ZHVI
Colfax $256,700
Alta $223,800
 

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $199 Median sale price / sq ft
  • No data Listings with price cut
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Nevada City Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,677 Nevada City
    $1,720 Truckee Metro
    $1,364 United States

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

  • 3.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,100 Rent list price
  • No recent data Rent list price / sq ft
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