The story of this market
The typical home in ZIP 89429 sells for about $365,804, or $215 per square foot.
Prices are up +7.4% from a year ago, so sellers still have some momentum. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 89429 — Silver Springs
The 89429 market is experiencing steady appreciation as buyers seek more affordable alternatives to the Reno-Sparks core. While inventory remains tight, the market is balanced by a slower pace of sales and a cautious approach from buyers sensitive to interest rates. Growth is primarily driven by regional industrial expansion in the Fernley corridor.
This ZIP is best suited for commuters and families seeking larger lot sizes and lower entry-level home prices compared to the more expensive Reno-Sparks housing market.
Median prices moved up 7.4% year over year.
Homes spend a median of 52 days on market with 8.2 months of supply — a balanced-paced market.
14% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 17.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 89429, Lyon County NV
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Stagecoach area are generally lower than the regional averages for the Reno-Sparks metropolitan area, though property crime remains the primary concern for residents.
Schools serving this area are part of the Lyon County School District, which generally receives moderate performance ratings compared to the more urbanized districts in Washoe County.
The area faces moderate wildfire risk typical of high-desert environments in Western Nevada, and residents are encouraged to maintain defensible space around properties.
Economic momentum is driven by spillover growth from the Reno-Fernley industrial corridor, with residents often commuting to major logistics and manufacturing employers in the region.
Property taxes are assessed by Lyon County based on the state's formula, which includes a cap on annual increases for primary residences; there is no state personal income tax in Nevada.
Commuting typically requires a 30-45 minute drive via US-50 or US-95A to reach major employment hubs in Fernley, Carson City, or the Reno-Sparks metropolitan area.
The area offers extensive access to high-desert outdoor activities, including off-roading, hiking, and proximity to the Lahontan State Recreation Area for water-based activities.
The rental market is characterized by a limited supply of single-family homes, with vacancy pressure remaining low due to the area's affordability relative to the Reno core.
The local economy is heavily influenced by the logistics and manufacturing sectors in nearby Fernley and the broader Reno-Sparks industrial base.
Transportation is almost exclusively reliant on private vehicles, with US-50 serving as the primary arterial route for regional access.
Development is primarily focused on low-density residential expansion, with limited commercial or mixed-use projects currently in the pipeline.
The Lyon County Assessor manages property valuations, adhering to Nevada's constitutional requirements for assessment at 35% of taxable value.
Parcels are subject to Lyon County School District taxes and various local fire protection district assessments.
Property insurance premiums are rising due to regional wildfire risk, though the area remains generally insurable through standard carriers.
Nevada continues to see net positive domestic migration, driven by affordability and business-friendly tax policies.
Nevada is a non-judicial foreclosure state, allowing for a streamlined process under the deed of trust framework.
Sellers are required to provide a comprehensive real property disclosure form detailing the condition of the home and any known defects.
Data retrieved from Census Reporter and US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Fort Churchill State Historic Park4.68 mi
- Lahontan State Recreation Area4.48.2 mi
- Buckland's Station4.68.1 mi
- Green Valley Dog Park4.312.3 mi
- Republic of Molossia4.515.2 mi
- Mary & Moe's WigWam4.113.7 mi
- Fort Churchill State Historic Park4.68 mi
- Lahontan State Recreation Area4.48.2 mi
- Buckland's Station4.68.1 mi
- Green Valley Dog Park4.312.3 mi
- Lahontan Reservoir4.35.8 mi
- Lahontan Reservoir4.35.8 mi
- Dollar General42.7 mi
- Reno-Tahoe International Airport4.327.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive boating, fishing, and camping opportunities on the Lahontan Reservoir.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.