89440, Virginia City, NV

The 89440 zip code of Virginia City, NV has a median home value of $215,000 and a median home equity value of $128,000. This is significantly higher than the national median home value of $177,500 and the regional median home equity value of $130,000. The high home values are likely due to the close proximity to major metropolitan areas such as Reno and Las Vegas as well as the historically high levels of economic activity in this area.

Despite the high values, there is evidence that the market is beginning to slow down. In 2017, there was an 11% decrease in homes sold in this zip code compared to 2016. Additionally, there was a 9% decrease in average sale prices during this same period. While it is too early to tell whether these decreases will continue or not, they suggest that caution should be exercised when investing in homes in this area.