Cold Springs, NV housing market
Homes typically sell in 24 days, a little above asking.
Home values, sales, trends and how Cold Springs compares with the towns next door — updated as new data is published.
Cold Springs at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 36% in 5 years
The federal house price index for the ZIP code around Cold Springs rose 36% over the past 5 years, slower than across Nevada (49%). Last year prices rose 1.7%. Carrying the Census median home value forward with that index puts the typical Cold Springs home at roughly $644,000 today.
Show as a table
| Year | Change that year | Since 2000 | Nevada since 2000 |
|---|---|---|---|
| 2025 | +1.7% | +189% | +205% |
| 2024 | −6.8% | +184% | +198% |
| 2023 | +4.5% | +205% | +182% |
| 2022 | +17% | +191% | +181% |
| 2021 | +17% | +149% | +138% |
| 2020 | +3.7% | +112% | +105% |
| 2019 | +5.4% | +105% | +99% |
| 2018 | +9.9% | +94% | +87% |
| 2017 | +10% | +77% | +66% |
| 2016 | +13% | +60% | +51% |
| 2015 | +8.8% | +42% | +38% |
| 2014 | +36% | +31% | +26% |
| 2013 | +11% | −3.9% | +6.5% |
| 2012 | −0.9% | −14% | −7.8% |
| 2011 | −16% | −13% | −6.5% |
| 2010 | −16% | +3.3% | +7.3% |
| 2009 | −27% | +22% | +25% |
| 2008 | −13% | +67% | +62% |
| 2007 | −5.4% | +92% | +99% |
| 2006 | +6.7% | +102% | +107% |
| 2005 | +31% | +90% | +91% |
| 2004 | +22% | +45% | +53% |
| 2003 | +6.5% | +19% | +20% |
| 2002 | +7.3% | +12% | +13% |
| 2001 | +3.9% | +3.9% | +6.2% |
| 2000 | — | — | — |
How Cold Springs ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 89508, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Cold Springs and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Cold Springs | — | +1.7%† | $2,380 | — | $93,732 |
| Reno | $573K | +1.4% | $2,050 | 1,391 | $80,760 |
† FHFA price index change, where Zillow has no home value for the town.
4.6 years of income
The typical Cold Springs home costs about 4.6 years of the town's median household income, less than across Nevada (5.6 years).
How Cold Springs ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,380
HUD's Fair Market Rent for a two-bedroom in Cold Springs is $2,380 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cold Springs pay a median of $2,185. A two-bedroom takes about 30% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,640 · 4 bedrooms $3,750
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (89508; Reno, NV HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.