Fernley housing market
Typical home value
$421K
▲ 3.7% 1 yr
Typical rent
$2,095/mo
▲ 6.2% 1 yr
12-month forecast
+3.0%
#141 of 546 metros
Gross rent yield
6.0%
#268 of 546 · U.S. 6.3%
Days to pending
37 days
▼ −6 days 1 yr
Listings with a price cut
26%
▲ +2.2 pts 1 yr
Key takeaways
- 1The typical home is worth $420,661, up 3.7% in a year and up 9% over five years.
- 2Zillow forecasts home values rising 3.0% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $2,095/mo (+6.2% YoY), a 6.0% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,312/mo in principal and interest, $217 more than renting.
- 5Homes go under contract in 37 days (−6 days vs last year); 26% of listings have had a price cut.
Market temperature
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 56/100, #78 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Fernley compares
| Measure | Fernley | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.7% | +1.2% | #143 |
| Home value, 5-yr change | +9.4% | +19.7% | |
| 12-month forecast | +3.0% | +1.1% | #141 |
| Rent, 1-yr change | +6.2% | +2.7% | #75 |
| Gross rent yield | 6.0% | 6.3% | #268 |
| Price-to-rent ratio | 16.7 | 15.8 | |
| Mortgage P&I on typical home | $2,312 | $2,012 | |
| Days to pending | 37 | 56 |
Run the numbers
Rental property calculator
Cash flow on a typical Fernley rental ($421K, $2,095/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Fernley home.
Rent vs buy
Is it cheaper to rent or buy in Fernley?
Other Nevada metros
Las Vegas, NV
$423K home$1,732 rent4.9% yield
▼ 2.6% 1 yr
Reno, NV
$570K home$2,069 rent4.4% yield
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Carson City, NV
$494K home$2,070 rent5.0% yield
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Elko, NV
$369K home$1,698 rent5.5% yield
▲ 2.3% 1 yr
Pahrump, NV
$355K home$1,471 rent5.0% yield
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Gardnerville Ranchos, NV
$704K home$2,616 rent4.5% yield
▲ 2.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.