Fastest-Appreciating ZIP Codes in Truckee-Grass Valley, CA (2026)
Ranked by 5-year compound annual growth in home values. Fast growth and strong cash flow rarely appear in the same ZIP — this is the other side of that trade.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 96161 | Truckee, CA | $1,029,505 | $4,636 | 3.51% | 1.0% |
| 2 | 95946 | Penn Valley, CA | $524,847 | $2,698 | 4.01% | 0.6% |
| 3 | 95945 | Grass Valley, CA | $488,233 | $1,996 | 3.19% | 0.6% |
| 4 | 95949 | Grass Valley, CA | $548,996 | $2,075 | 2.95% | 0.2% |
| 5 | 95959 | Nevada City, CA | $570,261 | $2,151 | 2.94% | -0.3% |
| 6 | 95977 | Smartsville, CA | $459,155 | $1,773 | 3.01% | -0.6% |
| 7 | 95975 | Rough and Ready, CA | $523,542 | $1,449 | 2.16% | -1.6% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Truckee-Grass Valley, CA
Or see the full Truckee-Grass Valley, CA metro profile.