The housing in Fernley, NV Metro Area is more expensive than the national average with the median value of homes being $382,400 compared to the US median value of $338,100. Although the appreciation rate for houses in Fernley is not as high as that of the nation at 8.27%, it still remains steady at 4.72%. This indicates that housing prices are stable and relatively consistent in this area which makes it a great place for potential homeowners to invest and purchase properties.
The median home cost in Fernley Metro Area is $382,400. Home appreciation the last 10 years has been 200.5%. Home Appreciation in Fernley Metro Area is up 12.6%.
Average Age of Homes
- The median age of Fernley Metro Area real estate is 21 years old
The Rental Market in Fernley Metro Area
- Renters make up 24.7% of the Fernley Metro Area population
- 1.2% of houses and apartments in Fernley Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.