Is Nevada City, CA a good place to invest in rental property?

Nevada City, CA has a median modeled monthly cash flow of $-2,461 and a median cap rate of 1.8%, on a median sold price of $540,936. Prices changed -1.2% year over year.

What is the average cap rate in Nevada City, CA?

The median cap rate across recently sold homes in Nevada City, CA is 1.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Nevada City, CA?

The median sold price in Nevada City, CA is $540,936 (about $318 per square foot).

Investing in Nevada City, CA Real Estate

A data-driven snapshot of the Nevada City, CA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$540,936Median sold price

$318Median $/sqft

1.8%Median cap rate

$-2,461Modeled cash flow / mo

-1.2%Appreciation YoY

6.7Months of supply

179Active listings

320Sold (last 12 mo)

What the Nevada City numbers say

In Nevada City, CA, the median home sold for $540,936 (about $318 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-2,461 of monthly cash flow. Sold prices moved -1.2% over the past year. Inventory sits at about 6.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other California markets to compare

See Nevada City cash-flowing listings

CashFlowRE ranks every for-sale home in Nevada City, CA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Nevada City deals, or browse the national market data.