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Market MapNevadaCarson City

Carson City

NevadaPopulation: 58,249
42
/100
Avoid
#729 of 1,000 counties
#10 in Nevada (16 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated July 20, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$496,022
Median Home Price
116% above national median
$1,811/mo
Median Rent
25% above national median
4.38%
Rent-to-Price Ratio
Top 88% nationally
-$1,423
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $1,811/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$372,017-$773/mo3.8%-10.8%
Median
typical MLS deal
$496,022-$1,423/mo2.9%-15.0%
125% of median
newer / premium
$620,028-$2,073/mo2.3%-17.4%

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$496,022
Down Payment (20%)$99,204
Loan Amount$396,818
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,811
Monthly P&I-$2,600
Est. Expenses (35%)-$634
Net Cash Flow-$1,423/mo
2.9%
Cap Rate (all cash)
-15.0%
Cash-on-Cash Return
4.38%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 2.9% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
42/100
42
Cash Flow(30%)
36/100

Based on 4.38% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
51/100

Based on 0.1% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
29/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (4.38%)
  • -Negative cash flow at typical financing (-$1,423/mo)
  • -Negative leverage (cap rate 2.9% < mortgage rate 6.9%)
  • -High price-to-income ratio makes financing challenging

Economic Indicators

Population
58,249
Median Income
—
Data pending
Unemployment Rate
—
Data pending
Price-to-Income
—
Data pending

Who this market fits

Best for
  • +All-cash buyers: removing debt service flips the cap rate to actual yield
Skip if
  • −You need positive cash flow on day one at typical leverage
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You rely on FHA-style financing: prices are stretched relative to local incomes
  • −You want a market with broad institutional consensus on fundamentals

Compare to Nearby Counties

CountyVerdict
ChurchillNV
53$380,089$1,5044.75%HoldView
MineralNV
45$115,945Est. pending—HoldView
ClarkNV
44$426,818$1,7394.89%AvoidView
CurrentCarson CityNV
42$496,022$1,8114.38%Avoid
StoreyNV
42$458,444Est. pending—AvoidView
WashoeNV
41$553,733$1,9294.18%AvoidView

The Bottom Line

AvoidCarson City may be challenging for traditional rentals. High prices or low rents make cash flow difficult.

Carson City in Nevada scores 42/100, ranking #729 of 1,000 US counties (top 93%). At 20% down and current rates, a median-priced rental loses about $1423/month; the 4.38% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow
$-1,423/mo
Cap Rate
2.9%
Cash-on-Cash
-15.0%

Related markets

Markets like Carson City with stronger cash flow

  • Clark County for cash-flow rentals
  • Churchill County for cash-flow rentals
  • Washoe County for cash-flow rentals

Cheaper alternatives to Carson City

  • Mineral County, lower entry price
  • Churchill County, lower entry price
  • Clark County, lower entry price

Head-to-head comparisons

  • Carson City vs Storey for rentals
  • Carson City vs Washoe for rentals
  • Carson City vs Clark for rentals
All counties in Nevada →

Rent vs buy in Nevada cities

Rent vs buy in Las Vegas, NVMedian $426,818 · rent $1,739/moRent vs buy in Henderson, NVMedian $426,818 · rent $1,739/moRent vs buy in Reno, NVMedian $553,733 · rent $1,929/moRent vs buy in North Las Vegas, NVMedian $426,818 · rent $1,739/moRent vs buy in Sparks, NVMedian $553,733 · rent $1,929/moAll Nevada citiesFull rent-vs-buy directory for the state

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