Market Overview
Home Prices in Fernley, NV
The median home value in Fernley, NV is $403,312 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fernley are priced2% below average. Fernley is part of the Fallon, NV metro area.
Over the past five years, Fernley home values have risen by approximately14.3%, reflecting steady appreciation in this market.
Price History
Fernley Home Price Trend
2020
$292,875
$293K
—
2021
$352,836
$353K
+20.5%
2022
$419,817
$420K
+19.0%
2023
$378,608
$379K
-9.8%
2024
$393,142
$393K
+3.8%
2025
$395,384
$395K
+0.6%
2026
$403,312
$403K
+2.0%
City Comparison
Fernley vs. National Median
🏠 Fernley
$403,312
National Median
$410,000
At $403,312, homes in Fernley cost 2% below the national median of $410,000. This makes Fernley a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fernley?
20% Down Payment
$80,662
on $403,312
Monthly P&I
$2,103/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,671/mo
incl. taxes & insurance
Income Needed
$106,840
gross annual (30% rule)
10% Down Option
$40,331
+ PMI applies
Loan Amount (20% dn)
$322,650
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 Fernley, NV?
The median home value in Fernley is $403,312 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Fernley?
Over the past year, home values in Fernley have increased by 2%. Over five years, prices have risen approximately 14.3%.
How much do I need to earn to buy a home in Fernley?
To comfortably afford the median home price of $403,312 with a 20% down payment ($80,662) at today's rates (6.8%), you'd need a gross annual income of approximately $106,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Fernley compare to the national average home price?
The national median home value is approximately $410,000. At $403,312, homes in Fernley are 2% below the national average.
What metro area is Fernley part of?
Fernley is part of the Fallon, NV metropolitan area. Home prices and market conditions can vary across the broader metro region.