Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,135 people, 1,487 houses or apartments, and a median cost of homes of $293,742, Yerington real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Yerington, accounting for 77.44% of the city's housing units. Other types of housing that are prevalent in Yerington include mobile homes or trailers ( 10.29%), duplexes, homes converted to apartments or other small apartment buildings ( 6.10%), and a few large apartment complexes or high rise apartments ( 5.84%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Yerington. Owner-occupied housing accounts for 69.05% of Yerington's homes, and 55.21% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Yerington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Yerington built between 1940-1969 ( 32.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.31%). There's also some housing in Yerington built before 1939 ( 3.58%).
In the last 10 years, Yerington has experienced some of the highest home appreciation rates of any community in the nation. Yerington real estate appreciated 176.30% over the last ten years, which is an average annual home appreciation rate of 10.70%, putting Yerington in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Yerington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Yerington's appreciation rate, at 6.70%, has been at or slightly above the national average. In the latest quarter, Yerington's appreciation rate has been 1.01%, which annualizes to a rate of 4.08%.
Relative to Nevada, our data show that Yerington's latest annual appreciation rate is higher than 70% of the other cities and towns in Nevada.
$293,742
for Nevada
for nation
1,487
$1,203 / per month