The story of this market
The typical home in ZIP 89430 sells for about $499,000.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,279 a month.
ZIP 89430 — Smith
The housing market in 89430 is characterized by low inventory and high-acreage listings, resulting in a slow sales pace and high months of supply. Prices have remained stable with modest year-over-year growth, reflecting the niche, rural nature of the area. Market activity is driven by lifestyle buyers rather than speculative investment.
This ZIP is best suited for those seeking rural living, large-acreage properties, and a quiet lifestyle, appealing primarily to retirees, agricultural workers, and remote professionals who do not require daily access to urban centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 112 days on market with 14.2 months of supply — a slower-moving market.
13% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 9.2% — 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 9.8%/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 7.1%/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 89430, 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 Smith Valley area are generally low, consistent with rural Lyon County trends, and significantly lower than the Nevada state average.
Schools serving the area are part of the Lyon County School District, which provides rural education services; performance metrics are generally consistent with regional rural benchmarks.
The area faces moderate wildfire risk typical of high-desert Nevada valleys, with property insurance availability increasingly sensitive to regional fire-mitigation requirements.
Economic momentum is driven primarily by agricultural operations and proximity to the Carson City employment hub, with limited large-scale commercial development.
Property taxes are assessed by Lyon County based on the state's ad valorem system, with rates determined by local school, county, and special district levies.
Commuting is primarily car-dependent, with residents typically driving 45-60 minutes to reach employment centers in Carson City or the Gardnerville/Minden area.
The area offers extensive outdoor recreation including access to the Walker River, hiking trails in the surrounding mountain ranges, and rural open space.
The rental market is characterized by low inventory and high demand for single-family homes, with very few multi-family options available.
The local economy is anchored by agriculture, ranching, and small-scale local services, with many residents commuting to Carson City for professional employment.
Public transit is not available; the area relies entirely on private vehicle transportation via State Route 208.
There are no major commercial or high-density residential developments currently approved or under construction in the ZIP.
The Lyon County Assessor manages property valuations, typically reassessing based on market sales data and state-mandated cycles.
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, with some carriers limiting new policies in rural Nevada.
Nevada continues to see net positive domestic migration, though growth in rural areas like Smith Valley remains modest compared to the Reno-Sparks metro.
Nevada is a non-judicial foreclosure state, allowing for a streamlined process under the deed of trust power of sale.
Sellers are required to provide a comprehensive Real Property Disclosure Form detailing the condition of the property and any known defects.
Data retrieved from data.census.gov ZCTA 89430 profile.
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.
- Topaz Lake Recreation Area4.512.9 mi
- Walker River State Recreation Area4.512.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides fishing, boating, and riparian recreation opportunities.
Local community park serving as a central gathering space for events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Contamination repair: median rent, price per sq ft reproduced Lyon County's own figure to the dollar and were cleared — a parent aggregate is not this ZIP's reading.