Real Estate Investing in Nevada City, California (95959)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 95959 (Nevada City, CA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 14.5% of homes vacant — above national norms.
- Declining values: -0.3% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Nevada City, CA (95959)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 95959 Nevada City
This part of Nevada County is not an easy win. The 95959 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 95959 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 95959 among CA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 95959 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. robust returns are possible in 95959, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Nevada City:
Property Strategy for 95959
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $347,954 | $1,460 | 3.0% | +1.1% | $347,954 |
| 2BR | $446,720 | $1,920 | 3.1% | +2.7% | $223,360 |
| 3BR | $593,211 | $2,670 | 3.2% | +2.7% | $197,737 |
| 4BR | $744,765 | $3,220 | 3.1% | +2.9% | $186,191 |
| 5BR | $827,444 | — | — | +2.8% | $165,489 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 95959 Compare?
| Metric | 95959 | Nevada City | Truckee-Grass Valley, CA | California |
|---|---|---|---|---|
| Home Value | $570,261 | $461,989 | N/A | $761,003 |
| 5-Year CAGR | N/A | N/A | N/A | 5.7% |
| Avg Rent | $2,151 | $1,850 | N/A | - |
| Cap Rate | 2.9% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 95959 (Nevada City, CA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $570,261 |
| Monthly Rent | $2,151 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 2.7% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | -0.3% ▼ |
| 10-Year CAGR | +3.8% ▲ |
🏠 Rent Trends
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 95959
Population: 18,017
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 95959
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 monthly rent should investors expect in Nevada City, CA?
Rents in Nevada City, CA run near $2,151/mo. Compared with median home prices of $570K that produces solid gross yields for typical rentals.
How strong is tenant demand in Nevada City, CA?
The tenant pool in Nevada City, CA is solid, supported by local employment and population fundamentals. Rents of $2,151/mo are well-absorbed by the market.
How much should I expect to pay for a home in Nevada City, CA?
Nevada City, CA median home values land near $570K. That is reasonable territory for investors looking at $2,151/mo-per-month rentals.
How tight is the rental market in Nevada City, CA?
Vacancy in Nevada City, CA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,151/mo.
What investment strategy works best in Nevada City, CA?
Investors usually favor careful cash-flow rentals with hands-on management in Nevada City, CA. With home values at $570K and rents near $2,151/mo, other strategies can work but produce even-keeled rather than outsized returns.
You know 95959 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 95959 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.
How 95959 ranks in Truckee-Grass Valley, CA
Every ZIP in this metro, ranked. Free.
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