Metro area index
Home appreciation in the Carson City, NV metro area
FHFA HPI® data shows the Carson City, NV metro area's all-transactions index changed +2.2% over the year to Q2 2026, versus +2.5% for Nevada and +3.0% for the U.S. That ranks 273rd of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.2%
- 5-year change
- +27.7%
- Since Q1 1995
- +288%
- Metro rank (1 year)
- 273rd
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Carson City, NV vs Nevada and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Carson City, NV: 387.9
- Nevada: 384.9
- United States: 391.6
Appreciation by time window
| Window | Metro | NV | U.S. | Gap vs NV | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.2% | +2.5% | +3.0% | −0.2 pts | −0.8 pts |
| 3 years | +12.4% | +12.3% | +12.9% | +0.1 pts | −0.4 pts |
| 5 years | +27.7% | +35.4% | +41.3% | −7.6 pts | −13.6 pts |
| 10 years | +106% | +114% | +93.3% | −7.3 pts | +13.1 pts |
| Since Q1 1995 | +288% | +285% | +292% | +3.0 pts | −3.6 pts |
3-digit ZIP regions in the Carson City, NV area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 897 · Carson City, NV area | NV | +3.6% | +30.4% | +301% | 84% |
Boom, bust, and recovery in Carson City, NV area
Carson City, NV area's index peaked in Q1 2006, fell 52.4% to its low in Q3 2012, and regained its peak in Q2 2019, about 13.2 years after the top. Today it sits +56.9% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2006 | Q3 2012 | -52.4% | Q2 2019 (13.2 yrs) | +56.9% |
| NV | Q3 2006 | Q2 2012 | -55.7% | Q2 2020 (13.8 yrs) | +55.4% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Carson City, NV area's index has changed +75.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | NV after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.6% | -1.4% | -0.8% |
| 3 years | +9.8% | +2.4% | +2.3% | +2.8% |
| 5 years | +24.0% | +3.0% | +9.1% | +13.9% |
| 10 years | +39.1% | +48.4% | +53.7% | +39.0% |
| Since Q1 1995 | +121% | +75.2% | +73.8% | +76.8% |
If you bought in the Carson City, NV area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +275% | $1,124,652 |
| Q2 2000 | +240% | $1,019,884 |
| Q2 2005 | +70.8% | $512,435 |
| Q2 2010 | +159% | $776,015 |
| Q2 2015 | +132% | $697,089 |
| Q2 2020 | +46.3% | $438,752 |
| Q2 2021 | +27.7% | $383,166 |
| Q2 2023 | +12.4% | $337,262 |
| Q2 2025 | +2.2% | $306,721 |
Frequently asked questions
- How much have home prices risen in the Carson City, NV area?
- FHFA HPI® data for the Carson City, NV metro area shows changes of +2.2% over one year, +27.7% over five years, and +106% over ten years to Q2 2026, and +288% since Q1 1995.
- Is the Carson City, NV area beating the national average?
- Over the past year the metro's index moved −0.8 pts versus the U.S.; over five years the gap is −13.6 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.