Real Estate Investing in Eureka, Nevada (89316)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89316 (Eureka, NV)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 42.8% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Eureka, NV (89316)?
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Market Analysis: 89316 Eureka
ZIP 89316 in Eureka, NV carries a significant set of headwinds. Home values near $219K and rents of $1,188/mo sit inside a market where underwriting has to be tight.
Rent of $1,188/mo on a $219K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 89316 sits below the stated 0.0% once reality is priced in.
In the broader NV picture, 89316 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 89316 ZIP's population of 951 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategically, 89316 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Eureka:
Market Trends
Home Value History (with trend line)
📊 How Does 89316 Compare?
| Metric | 89316 | Eureka | Nevada |
|---|---|---|---|
| Home Value | $219,201 | $219,201 | $444,019 |
| 5-Year CAGR | 4.5% | 4.5% | 6.8% |
| Avg Rent | $1,188 | $1,188 | - |
| Cap Rate | 4.2% | 4.2% | - |
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 89316 (Eureka, NV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $219,201 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +19.7% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 89316
Population: 951
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 89316
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What are home prices like in Eureka, NV?
The median home value in Eureka, NV is roughly $219K. That puts it reasonable relative to the NV statewide average.
Which investment style suits Eureka, NV?
Investors usually favor careful cash-flow rentals with hands-on management in Eureka, NV. With home values at $219K and rents near $1,188/mo, other strategies can work but produce predictable rather than outsized returns.
Is Eureka, NV landlord-friendly?
NV ranks as a landlord-friendly state for landlord-tenant law. Eureka generally follows the statewide framework, so landlords face reasonable operating rules.
Does a duplex house hack pencil in Eureka, NV?
For house hackers, Eureka, NV is a challenging. The $1,188/mo rent on a unit helps defray the mortgage on a $219K property.
What is the rental occupancy rate in Eureka, NV?
Eureka, NV vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 89316 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89316 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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