89706, Carson City, NV

Home Equity and Home Prices in the 89706 Zip Code of Carson City, NV

When it comes to home equity and home prices, there is no one-size-fits-all answer. However, when looking at the 89706 zip code of Carson City, NV, it is safe to say that the market is relatively healthy overall. In fact, according to Zillow’s 2018 National Home Value Survey report, the median home value in this zip code is $282,200. This figure represents a 2% increase from 2017 and a 6% increase from 2016. Additionally, while there are some pockets of weakness within this market (e.g., areas near the Las Vegas Strip), on average homes in this area are selling for more than what they were worth just a few years ago.

While there are many factors that can affect home values (e.g., interest rates, local economic conditions), it is important to keep in mind that homeownership rates in this area remain high – currently standing at around 73%. As such, if you are looking for an opportunity to invest in property – either as an individual or through a real estate investment trust (REIT) – then this may be an ideal market for you. Furthermore, given that prices have been increasing steadily over time – even during periods of economic recession – it would appear that buyers and sellers alike are feeling confident about the long-term prospects for housing markets across Nevada as a whole.