Appreciation Velocity — Nevada Cities
Cities of Nevada ranked by 1Y / 3Y / 5Y home-price appreciation.
Public Record
Top 10 — 3Y appreciation (Citys)
#1 · Amargosa Valley, NV
+156.4%
#2 · Pahrump, NV
+155.5%
#3 · Zephyr Cove, NV
+127.8%
#4 · Spring Creek, NV
+104.1%
#5 · Wellington, NV
+100.8%
#6 · Carson City, NV
+96.8%
#7 · Boulder City, NV
+86.2%
#8 · Mesquite, NV
+50.1%
#9 · Hawthorne, NV
+45.0%
#10 · Fallon, NV
+40.6%
City ranking — 3Y appreciation (highest first)
| # | City | State | 1Y | 3Y | 5Y | 10Y | Current median |
|---|---|---|---|---|---|---|---|
| 1 | Amargosa Valley, NV | NV | -15.9% | +156.4% | +41.9% | +107.4% | $141K |
| 2 | Pahrump, NV | NV | +161.6% | +155.5% | +316.5% | +274.5% | $677.8K |
| 3 | Zephyr Cove, NV | NV | +264.6% | +127.8% | +133.8% | +780.3% | $6.15M |
| 4 | Spring Creek, NV | NV | +19.0% | +104.1% | +80.4% | +99.9% | $494.5K |
| 5 | Wellington, NV | NV | +171.6% | +100.8% | +251.3% | +220.2% | $653.5K |
| 6 | Carson City, NV | NV | -13.0% | +96.8% | +14.5% | +225.9% | $755.8K |
| 7 | Boulder City, NV | NV | +69.7% | +86.2% | -29.4% | +253.1% | $824.8K |
| 8 | Mesquite, NV | NV | +67.0% | +50.1% | -11.9% | +227.8% | $594K |
| 9 | Hawthorne, NV | NV | +109.0% | +45.0% | +62.1% | +121.1% | $199.7K |
| 10 | Fallon, NV | NV | +0.4% | +40.6% | -6.1% | +135.1% | $364.3K |
| 11 | Las Vegas, NV | NV | +9.9% | +38.7% | -45.2% | +113.3% | $731.7K |
| 12 | Incline Village, NV | NV | +32.8% | +35.4% | +81.7% | +171.6% | $2.66M |
| 13 | Laughlin, NV | NV | +40.2% | +31.3% | +62.7% | +218.0% | $339.6K |
| 14 | Yerington, NV | NV | -60.8% | +31.2% | +19.9% | +119.5% | $210.5K |
| 15 | Wells, NV | NV | -68.1% | +23.7% | -66.4% | -28.9% | $119.4K |
| 16 | Sun Valley, NV | NV | +16.6% | +22.4% | +123.4% | +228.4% | $451.7K |
| 17 | Battle Mountain, NV | NV | +0.4% | +21.4% | +115.1% | +84.1% | $260.5K |
| 18 | Winnemucca, NV | NV | +21.6% | +21.0% | +87.4% | +105.4% | $354.7K |
| 19 | Lovelock, NV | NV | +84.0% | +11.8% | +79.8% | +89.9% | $194.2K |
| 20 | Walker Lake, NV | NV | +146.5% | +8.0% | +1,605.9% | +45.4% | $145K |
| 21 | North Las Vegas, NV | NV | +0.1% | +5.5% | -49.8% | -28.7% | $425.9K |
| 22 | Elko, NV | NV | -7.3% | +0.5% | +19.1% | +27.0% | $315.2K |
| 23 | Logandale, NV | NV | -33.9% | -0.5% | +444.1% | +53.0% | $352.8K |
| 24 | Silver Springs, NV | NV | +57.3% | -1.1% | +36.4% | +143.6% | $192.1K |
| 25 | Sparks, NV | NV | +6.5% | -2.1% | +25.5% | -80.1% | $560.5K |
| 26 | Reno, NV | NV | -17.8% | -6.4% | +27.6% | -48.4% | $649.2K |
| 27 | Henderson, NV | NV | -21.0% | -6.9% | -24.9% | +81.7% | $740.3K |
| 28 | Minden, NV | NV | +4.9% | -11.1% | +55.5% | +58.5% | $665K |
| 29 | Ely, NV | NV | +80.6% | -21.4% | +63.3% | +134.2% | $307.5K |
| 30 | Stateline, NV | NV | -64.2% | -21.6% | -32.0% | +69.7% | $707K |
| 31 | Overton, NV | NV | +123.5% | -24.3% | +148.1% | +108.6% | $380K |
| 32 | Washoe Valley, NV | NV | -71.7% | -43.0% | -43.8% | +86.3% | $437.7K |
| 33 | Dayton, NV | NV | -6.5% | -50.2% | +1.2% | +38.0% | $379.9K |
| 34 | Stagecoach, NV | NV | -27.7% | -61.9% | -37.6% | -22.1% | $142.8K |
| 35 | Sandy Valley, NV | NV | -49.0% | -73.5% | -38.1% | -1.2% | $90K |
| 36 | Virginia City, NV | NV | -48.6% | -74.6% | -61.1% | -76.6% | $88.8K |
How to read these numbers
Velocity vs. level
A market with 25% one-year appreciation is moving fast — but a market with steady 6% over ten years has compounded much further. Use 10Y as the long-run signal, 1Y as the momentum signal.
Mean-reversion risk
Markets that posted huge 1Y and 3Y gains often cool over the next cycle. Compare 1Y to 5Y: if 1Y is far above 5Y, the trend is accelerating; if far below, it is decelerating — often the more important signal.
Sample sanity
We require a minimum current median price (default $50K) to filter out tiny ZIPs with noisy data. Raise that threshold for serious investment markets; lower it to find emerging niches. Source: public record.