Home Values in Carson City, Nevada — 2026 Market Report
Updated March 2026 | Seller's Market | +7.5% YoY
The median home value in Carson City, Nevada is $395,000 as of March 2026, which is near the national median of $400,000. Home values in Carson City have increased by 7.5% over the past year and 43.6% over the last five years. With a population of 58,639 and a median household income of $55,250, the price-to-income ratio stands at 7.1x, making Carson City affordable for the average household.
Carson City Housing Market Conditions
| Metric | Carson City | National Avg |
|---|---|---|
| Median Home Value | $395,000 | $400,000 |
| YoY Appreciation | +7.5% | +3.8% |
| 5-Year Appreciation | +43.6% | +22.4% |
| Price per Sq Ft | $171 | $222 |
| Days on Market | 36 days | 45 days |
| Months of Supply | 2.6 | 3.5 |
| List-to-Sale Ratio | 98% | 98.5% |
| Monthly Homes Sold | 36 | — |
| Foreclosure Rate | 0.3% | 0.3% |
Home Value Trends in Carson City
A homeowner who purchased at the median price of $275,070 five years ago in Carson City would have gained approximately $119,930 in equity, representing a 43.6% return on investment. Over the past year alone, the typical homeowner gained $27,558 in home equity.
Affordability in Carson City, NV
With a median household income of $55,250 and a median home price of $395,000, the price-to-income ratio in Carson City is 7.1x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,052 compared to estimated monthly ownership costs of $2,075 gives a rent-vs-buy ratio of 0.68. In Carson City, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Carson City
The effective property tax rate in Nevada is 0.6%. On a home valued at $395,000, the estimated annual property tax bill is $2,370, or approximately $198/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Carson City is 98.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Carson City, NV?
The median home value in Carson City, Nevada is $395,000 as of March 2026. Home values have changed +7.5% over the past year, with a 5-year appreciation of 43.6%.
Is Carson City a buyer's or seller's market?
Carson City is currently a seller's market with 2.6 months of housing supply. Homes spend an average of 36 days on market, and the list-to-sale price ratio is 98%. Low inventory gives sellers an advantage.
Are home values going up in Carson City?
Yes, home values in Carson City have increased by 7.5% over the past year. The 5-year appreciation rate is 43.6%, meaning a home worth $275,070 five years ago is now worth $395,000.
Is it better to rent or buy in Carson City?
The average monthly rent in Carson City is $3,052, while estimated monthly homeownership costs are approximately $2,075. The price-to-rent ratio is 10.8. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Nevada Cities
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Disclaimer: Home value data for Carson City, Nevada is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.