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These days, finding an affordable place to live in the Nevada City area can be challenging. Home prices in Nevada City are now at a median cost of $622,554, lower than the California average of $812,006.
The average cost of rent is $1,741/mo in Nevada City, primarily driven by the current value of real estate in the Nevada City area. In Nevada City, 20.12% of households rent, and 45.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Nevada City is $7,394 per month. Households that rent pay about 23.55% of their income on rent here. Nevada City’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Columbia, CA: less expensive homes
- Grass Valley, CA: less expensive homes
- Sweetland, CA: less expensive homes
- Rough And Ready, CA: equally priced homes
- North San Juan, CA: less expensive homes
- North Bloomfield, CA: less expensive homes
- Alta Sierra, CA: less expensive homes
- Penn Valley, CA: less expensive homes
- Dutch Flat, CA: less expensive homes
- Gold Run, CA: less expensive homes
Cities with Similar Populations
- Indian Land, SC: less expensive homes
- Groves, TX: less expensive homes
- Harrison, NJ: less expensive homes
- Haughton, LA: less expensive homes
- Havelock, NC: less expensive homes
- Hilton, NY: less expensive homes
- Hockessin, DE: equally priced homes
- Holland, OH: less expensive homes
- Holly Springs, GA: less expensive homes
- Hood River, OR: higher priced homes
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