Market Overview
Home Prices in Nevada City, CA
The median home value in Nevada City, CA is $568,818 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.6% compared to a year ago and up 0% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nevada City are priced39% above average. Nevada City is part of the Truckee-Grass Valley, CA metro area.
Over the past five years, Nevada City home values have fallen by approximately4.7%, reflecting softening conditions in this market.
Price History
Nevada City Home Price Trend
City Comparison
Nevada City vs. National Median
At $568,818, homes in Nevada City cost 39% above the national median of $410,000. Buyers in Nevada City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Nevada City?
20% Down Payment
$113,764
on $568,818
Monthly P&I
$2,967/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,768/mo
incl. taxes & insurance
Income Needed
$150,720
gross annual (30% rule)
10% Down Option
$56,882
+ PMI applies
Loan Amount (20% dn)
$455,054
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Nevada City, CA?
The median home value in Nevada City is $568,818 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.6% year-over-year.
How much have home prices changed in Nevada City?
Over the past year, home values in Nevada City have decreased by 1.6%. Over five years, prices have fallen approximately 4.7%.
How much do I need to earn to buy a home in Nevada City?
To comfortably afford the median home price of $568,818 with a 20% down payment ($113,764) at today's rates (6.8%), you'd need a gross annual income of approximately $150,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Nevada City compare to the national average home price?
The national median home value is approximately $410,000. At $568,818, homes in Nevada City are 39% above the national average.
What metro area is Nevada City part of?
Nevada City is part of the Truckee-Grass Valley, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.