Rental numbers for the Truckee, CA metro
The typical home here runs -$1,862 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 metro 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
- -$1,862/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 the metro
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
- 0.72%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $621,354 | n/a |
| Aug 2022 | $663,356 | $2,424 |
| Aug 2023 | $620,209 | $2,600 |
| Aug 2024 | $618,909 | $2,611 |
| Aug 2025 | $610,688 | $2,746 |
| Aug 2026 | $614,129 | $2,853 |
Counties
- Nevada County, CA5.1% median yield
Tools
Questions
- Is the Truckee, CA metro good for rental property?
- The typical home here runs -$1,862 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 metro are cash-flow positive; the median gross yield is 5.1%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Truckee, CA metro have the highest rental yield?
- 95946 (Penn Valley) at 6.3%, 96161 (Truckee) at 5.1%, 95945 (Grass Valley) at 5.0%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.