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Fernley city, NV

ZIP 89408 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 89408

Median Home Value
$352,600
Median Rent
$1,225
Affordability Snapshot
$97,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,265/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 89408 in Fernley city, NV, a household would need roughly $97,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,265. That is roughly in line with the local median household income ($87,723). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
70.4%+8% vs US avg
x
Vacancy Rate
3.9%-62% vs US avg
x
Broadband Access
90.0%+3% vs US avg
x
4+ Bedrooms
1.4%-90% vs US avg
x
Built Pre-1939
0.7%-95% vs US avg
x
Built Post-2014
2.2%-69% vs US avg
x
Rent Burden >30%
24.8%-50% vs US avg
x
Mortgage-Free
24.3%-36% vs US avg
x
$352,600
Home Value
$1,225
Rent
2001
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached76.2%
  • 1-unit attached1.4%
  • 2-9 units9.5%
  • 10+ units1.5%
  • Mobile home & other11.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$352,600
Median rent$1,225
Owner-occupied70.4%
Vacant3.9%
Price-to-income4.0x
Est. income to buy$97,000