Smith Valley, NV housing market
Homes typically sell in 184 days, below asking.
Home values, sales, trends and how Smith Valley compares with the towns next door — updated as new data is published.
Smith Valley 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 54% in 5 years
The federal house price index for the ZIP codes around Smith Valley rose 54% over the past 5 years, faster than across Nevada (49%). Last year prices rose 17%. Carrying the Census median home value forward with that index puts the typical Smith Valley home at roughly $1,388,000 today.
Show as a table
| Year | Change that year | Since 2000 | Nevada since 2000 |
|---|---|---|---|
| 2025 | +17% | +204% | +205% |
| 2024 | −3.9% | +159% | +198% |
| 2023 | +2% | +170% | +182% |
| 2022 | +14% | +164% | +181% |
| 2021 | +17% | +131% | +138% |
| 2020 | +4.4% | +98% | +105% |
| 2019 | +14% | +89% | +99% |
| 2018 | +13% | +65% | +87% |
| 2017 | +7% | +47% | +66% |
| 2016 | +17% | +37% | +51% |
| 2015 | −2.4% | +18% | +38% |
| 2014 | +12% | +21% | +26% |
| 2013 | +12% | +7.7% | +6.5% |
| 2012 | −6.2% | −4.3% | −7.8% |
| 2011 | −13% | +2% | −6.5% |
| 2010 | −17% | +17% | +7.3% |
| 2009 | −15% | +41% | +25% |
| 2008 | −20% | +66% | +62% |
| 2007 | +4.3% | +107% | +99% |
| 2006 | +11% | +98% | +107% |
| 2005 | +23% | +79% | +91% |
| 2004 | +16% | +46% | +53% |
| 2003 | +14% | +25% | +20% |
| 2002 | +7.6% | +9.4% | +13% |
| 2001 | +1.7% | +1.7% | +6.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 89444, 89430, covering 68% of Smith Valley’s land, 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.
11.3 years of income
The typical Smith Valley home costs about 11.3 years of the town's median household income, more than across Nevada (5.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,280
HUD's Fair Market Rent for a two-bedroom in Smith Valley is $1,280 a month, utilities included: roughly what a modest, recently rented unit costs. A two-bedroom takes about 23% of the town's median household income.
Studio $980 · 4 bedrooms $2,150
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (89430, 89444; Lyon County, 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.