Nevada, IA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Nevada, IA Housing Market Trends

With a population of 6,677, 2,826 total housing units (homes and apartments), and a median house value of $176,491, house prices in Nevada are solidly below the national average.

Single-family detached homes are the single most common housing type in Nevada, accounting for 71.10% of the city's housing units. Other types of housing that are prevalent in Nevada include large apartment complexes or high rise apartments ( 14.35%), mobile homes or trailers ( 6.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nevada. Owner-occupied housing accounts for 71.64% of Nevada's homes, and 54.78% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Nevada built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Nevada built between 1940-1969 ( 30.84%). A lesser amount of the housing stock also hails from before 1939 ( 19.16%). There's also some housing in Nevada built between 2000 and later ( 14.88%).

Nevada Home Appreciation Rates

Nevada's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nevada during the period has been just 2.79%, which is lower than 70% of US communities.

Over the last year, Nevada appreciation rates have trailed the rest of the nation. In the last twelve months, Nevada's appreciation rate has been 2.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nevada were at 2.02%, which equates to an annual appreciation rate of 8.31%.

Relative to Iowa, our data show that Nevada's latest annual appreciation rate is lower than 90% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$176,491

Nevada, IA HOME PRICES

> $1,141,000
0.0%
0.0%
$856,001 - $1,141,000
0.0%
0.0%
$571,001 - $856,000
0.4%
0.4%
$457,001 - $571,000
1.2%
1.2%
$343,001 - $457,000
4.4%
4.4%
$228,001 - $343,000
13.7%
13.7%
$114,001 - $228,000
60.5%
60.5%
$57,001 - $114,000
12.8%
12.8%
$0 - $57,000
7.0%
7.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for IA

Value Relative To Nation

Number Of Homes And Apartments:
2,826

Nevada Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
53.78% 2.02%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$680 / per month

Homeownership Rate

Owners
71.6%
71.6%
Renters
28.4%
28.4%
Vacant
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.9%
14.9%
1970 - 1999
35.1%
35.1%
1940 - 1969
30.8%
30.8%
1939 or Older
19.2%
19.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.1%
71.1%
Townhomes
3.3%
3.3%
Small Apt. Buildings
5.1%
5.1%
Apt. Complexes
14.3%
14.3%
Mobile Homes
6.2%
6.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
11.2%
11.2%
2 Bedrooms
30.0%
30.0%
3 Bedrooms
39.5%
39.5%
4 Bedrooms
15.3%
15.3%
5 or more bedrooms
2.2%
2.2%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Nevada

Zip Codes in Nevada, IA