Rental numbers for Nevada County, CA
The typical home here runs -$1,879 a month at 7.78% with 25% down, breaking even at about 0.8%. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.1%.
- Gross yield
- 5.6%
- typical home, Zillow
- Median ZIP yield
- 5.1%
- 4 ZIPs with full data
- Cash flow
- -$1,879/mo
- at 7.78%, 25% down
- Typical price
- $614,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,853/mo
- Zillow ZORI, Aug 2026
ZIP codes in Nevada County
7 with published figures
| 95946Penn Valley | $518,000 | $2,740 | 6.3% | 3.3% | -$1,360 | n/a |
| 95977Smartsville | $448,000 | $1,970* | 5.3% | 2.7% | -$1,414 | n/a |
| 96161Truckee | $1,036,000 | $4,444 | 5.1% | 2.6% | -$3,353 | +8.6% |
| 95945Grass Valley | $482,000 | $1,997 | 5.0% | 2.2% | -$1,704 | +5.4% |
| 95959Nevada City | $558,000 | $2,272 | 4.9% | 2.2% | -$1,986 | n/a |
| 95949Grass Valley | $540,000 | $2,010* | 4.5% | 1.8% | -$2,124 | n/a |
| 95975Rough and Ready | $515,000 | $1,610* | 3.8% | 1.1% | -$2,285 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.6%
- Rent, 12 months
- +3.9%
- Rent minus price growth
- +3.3 pts
- Property tax
- 0.76%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $621,372 | n/a |
| Aug 2022 | $663,286 | $2,424 |
| Aug 2023 | $620,214 | $2,600 |
| Aug 2024 | $618,938 | $2,611 |
| Aug 2025 | $610,668 | $2,746 |
| Aug 2026 | $614,099 | $2,853 |
HUD Fair Market Rent
FY2027, Nevada County, CA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,313 | $1,441 | $1,885 | $2,610 | $3,151 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 4.7
- 202 units, last 12 months
- National percentile
- 47th
- among US counties
Tools
Test a listing in Nevada County against today's rate.
Open the calculatorPart of the Truckee, CA metro.
Questions
- Is Nevada County good for rental property?
- The typical home here runs -$1,879 a month at 7.78% with 25% down, breaking even at about 0.8%. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.1%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Nevada County?
- About 0.76% of value, from Census ACS median taxes paid over median home value. On a $614,000 home that is about $4,636 a year.
- What is Fair Market Rent in Nevada County?
- HUD's FY2027 Fair Market Rent here is $1,441 for a 1-bedroom, $1,885 for a 2-bedroom and $2,610 for a 3-bedroom. Typical cash flow at today's rate is -$1,879 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.