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Fernley, NV

Full City Profile · Nevada · Storey County County

3.0 /5.0
B Good
23,631 Population 193/sq mi density
$87,991 Median Income $37,170 per capita
$352,600 Home Value $392,554 Zillow
$1,463 Median Rent 28.0% income on rent
53°F Avg Temperature 297 sunny days/yr
384 Violent Crime/100K 6,126 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$87,991 median income, 2.9% unemployment
A
Affordability
4.4 / 5.0
$352,600 home value, $1,463/mo rent
F
Safety
1.0 / 5.0
384 violent crimes/100K (1% above avg)
C
Education
2.2 / 5.0
15.6% bachelor's degree or higher

Housing Overview

Median Home Value
$352,600
25% above
US avg: $281,900
Median Rent
$1,463/mo
26% above
US avg: $1,163/mo
Homeownership Rate
71.2%
9% above US avg (65.4%)
Total Housing Units
8,635
Median year built: 2000

Home Value by Source

Census Median
$352,600
Zillow (ZHVI)
$392,554
Median Sale Price
$432,000
Median List Price
$399,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

71.2%
Owner-Occupied
28.8%
Renter-Occupied
71%
29%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,056/mo
1 Bedroom
$1,135/mo
2 Bedroom
$1,428/mo
3 Bedroom
$1,941/mo
4 Bedroom
$2,352/mo
Census median rent: $1,463/mo · Zillow rent: $1,865/mo

Market Indicators (Redfin)

Median Days on Market
58 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
30
Price Drops
10.7%
of listings with price reduction
Price Per Sq Ft
$244
Active Inventory
56
homes for sale

Affordability & Housing Stock

Rent Burden
28.0%
of renters spending 30%+ of income on housing
10% below US avg (31.0%)
Median Year Built
2000
Average age of housing stock: 26 years
Homeownership Rate
71.2%

Complete Housing Data

Home Values

Census Median Value$352,600
Zillow Home Value (ZHVI)$392,554
Median Sale Price$432,000
Median List Price$399,000
Price Per Sq Ft$244

Rent

Census Median Rent$1,463
Zillow Rent (ZORI)$1,865
FMR Studio$1,056
FMR 1-Bedroom$1,135
FMR 2-Bedroom$1,428
FMR 3-Bedroom$1,941
FMR 4-Bedroom$2,352

Market

Days on Market58
Sale-to-List Ratio1.0%
Price Drops10.7%
Homes Sold30
Active Inventory56
Price Per Sq Ft$244

Ownership & Stock

Owner-Occupied71.2%
Renter-Occupied28.8%
Homeownership Rate71.2%
Total Housing Units8,635
Median Year Built2000
Rent Burden28.0%