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Nevada County, CA

RANK #888 / 996  ·  POP 102,322  ·  CA

PROJECTED GROWTH: -1.5%

Nevada County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Nevada County?

Nevada County, California, distinguishes itself with its Gold Rush history and natural beauty, particularly in towns like Nevada City, a national historic landmark known for its Victorian architecture. Located in the Sierra Nevada foothills, approximately 60 miles northeast of Sacramento and 80 miles west of Reno, the county offers a blend of small-town charm and outdoor access. Residents and visitors enjoy four distinct seasons, with warm summers and cool, snowy winters. The county boasts extensive outdoor recreation, including hiking and biking trails, kayaking and fishing on the South Yuba River and Scotts Flat Lake, and winter sports near Donner Summit.

Life in Nevada County often appeals to those seeking a connection to nature and a strong sense of community. The public school system includes several districts, with schools like Deer Creek Elementary and Grass Valley School District serving local families. Commute options within Western Nevada County include fixed-route bus services provided by Nevada County Connects, with regional connections to Auburn. The economy, historically rooted in gold mining, has diversified to include professional business services, healthcare, and a growing manufacturing sector with companies like Aja Video. Tourism also plays a significant role, driven by the county's historic towns and outdoor attractions.

[02] Market Snapshot

Housing Ratio
11.9x

Overvalued relative to economy

GDP Growth
+3.8%

Above national median

Home Prices
-1.6%

Prices declining

Climate & Terrain
7.3

Favorable climate & terrain

Price/Rent
19x

Above national median (13x)

Housing looks overvalued at 11.9x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Nevada County U.S. National

The Numbers

DEMOGRAPHICS
Population
102,322
+0.23% YoY
Median Household Income
$79,395
Median Home Value
$559,700
-1.62% 12mo
Median Rent
$1,487
Average Annual Pay
$62,734
+4.9% YoY
Employment
35,000
+4.0% YoY
Income-to-Home-Value
0.1419
Less affordable than average
Migration Inflow
2.92%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$622,500
Days on Market
96
Slower market
Months of Supply
3.1
Balanced market
Sale-to-List Ratio
97.3%
Negotiation room for buyers
Sold Above List
24.0%
Listings w/ Price Drops
16.0%
Building Permits (2024)
215
Single-Family Permits
215

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +3.8% 70 percentile
Population Growth +0.2% 40 percentile
Income Growth +6.4% 11 percentile
Vacancy Rate 0.9% 69 percentile
Home Price Change -1.6% 17 percentile
Rent Growth +1.6% 27 percentile
Price/Rent 19x 10 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Nevada County, CA a good place to move to?

Nevada County has a Boom Town Index score of 11/100, ranking #888 among 996 U.S. counties. With job growth at +4.0% and a median household income of $79,395, it faces some economic headwinds compared to faster-growing counties.

Is Nevada County affordable?

The median home value in Nevada County is $559,700 with median rent at $1,487/month. The income-to-home-value ratio is 0.1419, which is less affordable than the national average.

Is Nevada County growing or shrinking?

Population growth: +0.2% year-over-year. Job growth: +4.0%. Home values changed -1.6% in the past 12 months.

Are people moving to Nevada County?

Yes — 2.92% of Nevada County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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