Nevada County, California Housing Market Prices
Nevada County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 10% below the California median$584,770
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Median rent 18% below the California median$1,677
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Nevada County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $584,770 | $650,794 | $248,835 |
| Price Trend (Annual %) | 8.9% | 8.9% | 7.5% |
| Median Gross Rent | $1,677 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nevada County is about 10% lower than in California. Rent is about 18% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Nevada County, up about 8.9% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Nevada County rose about 40.8% between 2015 and 2024, from $1,191 to $1,677. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 6.5 yearly household incomes in Nevada County.
Buying the median-priced home in Nevada County costs roughly 29.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Nevada County. The price-to-rent ratio in California is about 26.6.
| Metric | Nevada County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $584,770 | $650,794 | $248,835 |
| Median Household Income | $90,457 | $99,161 | $80,455 |
| Price-to-Income Ratio | 6.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Nevada County rose about 139.4%, while median household income rose about 47.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Nevada County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.6% | 51.7% | 58.5% |
| Rental Rate | 19.4% | 40.8% | 31.2% |
| Vacancy Rate | 21.1% | 7.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Nevada County has a homeownership rate of 59.6%, higher than the California average of 51.7%. Its housing vacancy rate is 21.1%, compared with 7.5% in California.
Housing Stock
| Metric | Nevada County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.0 | 5.5 |
The typical housing unit in Nevada County was built around 1982. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Nevada County, CA Housing Compared With Nearby Counties
Nevada County, CA is the 3rd largest of the 5 counties compared here, 102,481 residents against a local median of 138,584. Nevada County, CA's median home price, at $584,770, runs 39% above the $420,775 typical of the counties around it.
The counties themselves spread $377,359 on median home price, so Nevada County, CA sits at one end of an already wide local range rather than apart from it. Nevada County, CA has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Nevada County, CA | 102,481 | $584,770 #2/5 | $1,677 #3/5 | 75.5% #2/5 |
| Placer County, CA | 418,934 | $676,858 | $2,069 | 74.8% |
| El Dorado County, CA | 192,661 | $453,089 | $1,715 | 77.2% |
| Yuba County, CA | 84,507 | $299,499 | $1,310 | 63.5% |
| Plumas County, CA | 19,423 | $388,461 | $1,193 | 74.6% |
Frequently Asked Questions
Common questions about the housing market in Nevada County, California.
What is the median home price in Nevada County, California?
The median home price in Nevada County, California is $584,770, lower than the California average of $650,794.
What is the average home price in Nevada County, California?
The typical home price in Nevada County, California, reported as the median sale price, is $584,770. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Nevada County, California?
The median gross rent in Nevada County, California is $1,677 per month, lower than the California average of $2,036.
What was the median gross rent in Nevada County in 2020?
In 2020, the median gross rent in Nevada County, California was $1,315 per month.
What is the price-to-rent ratio in Nevada County, California?
The price-to-rent ratio in Nevada County, California is about 29.1, meaning it would take roughly 29.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Nevada County.
Are home prices or rent rising faster in Nevada County, California?
Both home prices and rent are rising in Nevada County, up about 8.9% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nevada County, California?
59.6% of households in Nevada County, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Nevada County, California?
The housing vacancy rate in Nevada County, California is 21.1%, higher than the California average of 7.5%.
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