There are currently 7,470 real estate properties in Nevada City, CA, with a median automated valuation model (AVM) price of $559,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Nevada City, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Nevada City, CA, is $617,341.00, with the most expensive house in Nevada City, CA, topping out at $39,000,900.00 and the cheapest home in Nevada City, CA, clocking in at $59,682.00. In other words, there’s something for every potential homebuyer or savvy investor in Nevada City, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Nevada City, CA, is on a rollercoaster ride. The average rent price in Nevada City, CA, is $1,936.00. Indeed, when looking to rent in Nevada City, CA, you can expect to pay as little as $820.00 or as much as $4,440.00, with the average rent median estimated to be $1,860.00. The good news is that finding an affordable and desirable property to rent in Nevada City, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Nevada City is located in Nevada, California, with an estimated municipal population of 3,148 residents. All of the best foreclosed homes for sale in Nevada City are located in the following zip code areas on Foreclosure.com: 95959. The estimated population per square kilometer (.62 miles) in Nevada City is 556.
So, about how much do homes cost in Nevada City? The most recent median value of resident-owned homes in Nevada City is 403,465. An estimated 53.4 percent of households in Nevada City own their homes, with an average family size of 2.8. The median household income in Nevada City is 42,059, with17.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Nevada City, the median commute time of resident workers (in minutes) is 25.7. And last, but certainly not least, are you looking for homes to rent in Nevada City? If so, the average rent price paid by renters in Nevada City is 1,100, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Nevada City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Nevada City is 52.8, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Nevada City is 23.8, with an average family size of 2.8.
The percentage of residents who report their race in Nevada City is as follows:
| White | 87.3% |
| Black / African American | 1.5% |
| Asian | 1% |
| American Indian / Alaskan Native | 0.1% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 8.3% |
| Other | 1.7% |
Looking for family-friendly neighborhoods in and/or near Nevada City? Or maybe you are searching for 55+ active adult communities in and/or near Nevada City?
The percentage of residents who report their age in Nevada City is as follows:
| Under 10 | 5.3% |
| Aged 10-19 | 10.5% |
| 20s | 10% |
| 30s | 6.8% |
| 40s | 14.1% |
| 50s | 16.2% |
| 60s | 20.3% |
| 70s | 13.8% |
| 80+ | 3.1% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Nevada City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Nevada City.
How do you know that living in -- or moving to -- Nevada City is right where you need to be? Perhaps you grew up in Nevada City or already live nearby; therefore, the decision to buy a home in Nevada City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Nevada City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Nevada City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Nevada City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Nevada City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Nevada City, meanwhile, can field multiple offers from more qualified buyers.
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