I’ve analyzed the Zillow Home Value Index data to identify the fastest-growing towns in Nevada between 2016 and 2025. These 25 communities, spanning desert towns to mountain retreats, reflect the state’s shifting housing market and rising demand.
Nevada’s real estate growth has been driven by population influx, affordability relative to neighboring states, and strong investor interest. These towns are where home values have surged most dramatically.
This report ranks towns by percentage appreciation and provides year-by-year value data alongside financial commentary for buyers, sellers, and investors watching the Silver State.
25. Elko
- % change from 2016 to 2025: 39.90%
- Home value in 2016: $242,622
- Home value in 2017: $242,864
- Home value in 2018: $244,924
- Home value in 2019: $253,898
- Home value in 2020: $259,567
- Home value in 2021: $272,735
- Home value in 2022: $301,524
- Home value in 2023: $311,290
- Home value in 2024: $327,244
- Home value in 2025: $339,435
Your investment in Elko would have yielded a modest 39.9% return over nine years, underperforming Nevada’s average gains. This mining hub offers stability rather than explosive growth. Long-term investors should approach with caution, though recent acceleration suggests improving momentum in this northern Nevada market.
24. Spring Creek
- % change from 2016 to 2025: 56.00%
- Home value in 2016: $244,753
- Home value in 2017: $247,335
- Home value in 2018: $253,341
- Home value in 2019: $265,122
- Home value in 2020: $282,221
- Home value in 2021: $305,575
- Home value in 2022: $348,785
- Home value in 2023: $356,554
- Home value in 2024: $362,780
- Home value in 2025: $381,804
Investing $244,753 in Spring Creek in 2016 would have netted you $137,050 in equity by 2025, a solid 56% return. This planned community near Elko shows steady appreciation rather than speculative spikes. Your returns would have accelerated after 2020, making this a favorable option for risk-averse investors seeking predictable wealth building.
23. Ely
- % change from 2016 to 2025: 63.50%
- Home value in 2016: $116,108
- Home value in 2017: $118,468
- Home value in 2018: $123,470
- Home value in 2019: $128,984
- Home value in 2020: $142,938
- Home value in 2021: $162,240
- Home value in 2022: $184,124
- Home value in 2023: $188,628
- Home value in 2024: $190,862
- Home value in 2025: $189,832
Your Ely property would have appreciated 63.5% since 2016, turning a modest $116K investment into nearly $190K. Note the slight value decline between 2024-2025, signaling potential market saturation. This remote eastern Nevada mining town offers affordability but requires careful timing – the data suggests optimal exit would have been 2024.
22. Battle Mountain
- % change from 2016 to 2025: 69.98%
- Home value in 2016: $151,664
- Home value in 2017: $157,825
- Home value in 2018: $172,380
- Home value in 2019: $180,739
- Home value in 2020: $182,558
- Home value in 2021: $199,735
- Home value in 2022: $226,418
- Home value in 2023: $234,578
- Home value in 2024: $245,535
- Home value in 2025: $257,796
Battle Mountain’s nearly 70% appreciation translates to a $106K equity gain on your initial investment. The growth pattern shows resilience with no year-over-year declines, indicating fundamental market strength. Located along I-80, this mining community offers compelling value with consistent upward momentum and relatively low entry costs compared to Nevada’s tourism-driven markets.
21. Boulder City
- % change from 2016 to 2025: 77.82%
- Home value in 2016: $259,817
- Home value in 2017: $267,188
- Home value in 2018: $294,005
- Home value in 2019: $317,393
- Home value in 2020: $323,208
- Home value in 2021: $349,590
- Home value in 2022: $411,255
- Home value in 2023: $423,715
- Home value in 2024: $439,183
- Home value in 2025: $462,005
Boulder City’s 77.8% appreciation represents a $202K increase in your property’s value since 2016. This Lake Mead-adjacent community shows accelerating growth, particularly during 2021-2022 when values jumped 17.6%. As one of few Nevada cities that prohibits gambling, its distinctive character creates a value premium that continues to attract capital and sustain price momentum.
20. Winnemucca
- % change from 2016 to 2025: 80.82%
- Home value in 2016: $178,125
- Home value in 2017: $187,032
- Home value in 2018: $191,404
- Home value in 2019: $203,606
- Home value in 2020: $214,220
- Home value in 2021: $237,948
- Home value in 2022: $282,002
- Home value in 2023: $284,159
- Home value in 2024: $303,681
- Home value in 2025: $322,086
Winnemucca has delivered solid 80.8% appreciation, with especially strong performance in 2021-2022 (18.5% in one year). This mining and agricultural hub serves as a regional economic center with diversified employment drivers. Your investment would have experienced steady compounding returns, with the strongest growth cycle occurring post-pandemic and momentum continuing through 2025.
19. Mesquite
- % change from 2016 to 2025: 88.87%
- Home value in 2016: $201,069
- Home value in 2017: $210,398
- Home value in 2018: $234,881
- Home value in 2019: $262,087
- Home value in 2020: $278,046
- Home value in 2021: $297,479
- Home value in 2022: $365,080
- Home value in 2023: $373,043
- Home value in 2024: $371,575
- Home value in 2025: $379,770
Mesquite delivered 88.9% appreciation, turning your $201K investment into nearly $380K. Note the slight price correction in 2024 before resuming growth – a pattern suggesting market resilience. This retirement destination near the Arizona-Utah border attracts fixed-income buyers seeking affordability compared to neighboring states, creating persistent demand that underpins long-term value appreciation.
18. Sparks
- % change from 2016 to 2025: 91.10%
- Home value in 2016: $268,417
- Home value in 2017: $292,499
- Home value in 2018: $322,648
- Home value in 2019: $351,867
- Home value in 2020: $363,488
- Home value in 2021: $405,914
- Home value in 2022: $504,038
- Home value in 2023: $486,651
- Home value in 2024: $496,606
- Home value in 2025: $512,951
Sparks delivered 91.1% growth, nearly doubling your investment despite a temporary 3.5% correction in 2023. The Reno suburb benefited from California’s tech exodus and Nevada’s business-friendly tax environment. Your $268K investment would now command $512K, reflecting Sparks’ transformation from industrial center to tech-adjacent housing market with continued upside potential.
17. Henderson
- % change from 2016 to 2025: 91.68%
- Home value in 2016: $254,961
- Home value in 2017: $267,026
- Home value in 2018: $297,676
- Home value in 2019: $327,961
- Home value in 2020: $336,960
- Home value in 2021: $363,296
- Home value in 2022: $448,120
- Home value in 2023: $456,071
- Home value in 2024: $465,054
- Home value in 2025: $488,720
Henderson’s 91.7% appreciation represents nearly $234K in wealth creation on your initial investment. Las Vegas’s affluent neighbor saw explosive 23.3% growth in 2021-2022 alone. Your property would have consistently outperformed inflation while maintaining steady gains even during market fluctuations, making Henderson a reliable wealth-building vehicle with premium characteristics relative to surrounding markets.
16. Minden
- % change from 2016 to 2025: 91.83%
- Home value in 2016: $347,058
- Home value in 2017: $373,640
- Home value in 2018: $410,892
- Home value in 2019: $450,637
- Home value in 2020: $485,381
- Home value in 2021: $559,763
- Home value in 2022: $675,755
- Home value in 2023: $645,403
- Home value in 2024: $646,320
- Home value in 2025: $665,750
Minden’s 91.8% growth created $318K in equity, but note the 4.5% correction in 2022-2023 before recovery. This Carson Valley town attracts California emigrants seeking Nevada’s tax advantages with proximity to Lake Tahoe. The high entry point ($347K in 2016) yielded proportionally larger absolute returns, demonstrating the advantage of investing in premium markets during appreciation cycles.
15. Reno
- % change from 2016 to 2025: 92.97%
- Home value in 2016: $286,483
- Home value in 2017: $311,029
- Home value in 2018: $342,637
- Home value in 2019: $373,027
- Home value in 2020: $384,487
- Home value in 2021: $433,773
- Home value in 2022: $535,312
- Home value in 2023: $516,030
- Home value in 2024: $527,184
- Home value in 2025: $552,821
Reno’s 93% appreciation delivered $266K in equity growth despite a 3.6% dip in 2022-2023. The “Biggest Little City” transformation into a tech hub drove outsized returns, particularly during 2021-2022’s 23.4% surge. Your investment would have benefited from economic diversification beyond gaming, with Tesla’s Gigafactory and data center growth creating durable fundamentals for continued price appreciation.
14. Gardnerville
- % change from 2016 to 2025: 93.24%
- Home value in 2016: $298,909
- Home value in 2017: $324,699
- Home value in 2018: $358,984
- Home value in 2019: $393,970
- Home value in 2020: $420,898
- Home value in 2021: $481,433
- Home value in 2022: $574,556
- Home value in 2023: $550,494
- Home value in 2024: $562,756
- Home value in 2025: $577,612
Gardnerville delivered 93.2% appreciation, generating $278K in wealth from your initial investment. Note the substantial 19.3% gain in 2021-2022, followed by a 4.2% correction before resuming growth. This Carson Valley town benefits from California migration seeking Nevada’s tax advantages while maintaining proximity to Lake Tahoe, creating persistent demand that supports long-term price appreciation.
13. Overton
- % change from 2016 to 2025: 101.13%
- Home value in 2016: $165,609
- Home value in 2017: $175,305
- Home value in 2018: $203,265
- Home value in 2019: $232,357
- Home value in 2020: $238,073
- Home value in 2021: $257,580
- Home value in 2022: $303,663
- Home value in 2023: $311,505
- Home value in 2024: $314,768
- Home value in 2025: $333,081
Overton crossed the 100% threshold, doubling your investment and generating $167K in equity. This Moapa Valley community near Lake Mead shows impressive growth for a rural market. The consistent upward trajectory without significant corrections demonstrates fundamental demand rather than speculative volatility, making it an attractive option for investors seeking balanced risk-reward profiles.
12. Laughlin
- % change from 2016 to 2025: 102.10%
- Home value in 2016: $129,475
- Home value in 2017: $136,989
- Home value in 2018: $150,586
- Home value in 2019: $163,651
- Home value in 2020: $172,174
- Home value in 2021: $190,541
- Home value in 2022: $237,643
- Home value in 2023: $250,304
- Home value in 2024: $257,758
- Home value in 2025: $261,670
Laughlin’s 102.1% return effectively doubled your money, turning $129K into $261K with no year-over-year declines. The remarkable 24.7% surge in 2021-2022 demonstrates this Colorado River community’s appeal to retirees seeking affordable housing with recreational amenities. The low entry point amplified percentage returns while minimizing absolute investment risk, creating an attractive risk-adjusted profile.
11. Carson City
- % change from 2016 to 2025: 104.32%
- Home value in 2016: $233,142
- Home value in 2017: $261,668
- Home value in 2018: $289,163
- Home value in 2019: $317,687
- Home value in 2020: $337,711
- Home value in 2021: $382,194
- Home value in 2022: $455,167
- Home value in 2023: $443,197
- Home value in 2024: $461,954
- Home value in 2025: $476,350
Carson City more than doubled your investment with 104.3% appreciation, generating $243K in equity. The state capital experienced a brief 2.6% correction in 2022-2023 before resuming its upward trajectory. Your investment benefited from government employment stability combined with proximity to Lake Tahoe and Reno, creating multiple demand drivers that support consistent long-term value appreciation.
10. Sun Valley
- % change from 2016 to 2025: 106.61%
- Home value in 2016: $203,280
- Home value in 2017: $228,810
- Home value in 2018: $257,889
- Home value in 2019: $281,203
- Home value in 2020: $292,556
- Home value in 2021: $329,883
- Home value in 2022: $404,926
- Home value in 2023: $391,192
- Home value in 2024: $403,753
- Home value in 2025: $419,998
Sun Valley’s 106.6% appreciation turned your $203K investment into nearly $420K, despite a 3.4% correction in 2022-2023. This Reno suburb benefited from Northern Nevada’s economic diversification and California exodus. Your returns were particularly strong during 2021-2022 with a 22.7% surge, demonstrating market dynamics tied to post-pandemic migration patterns and regional economic transformation.
9. Incline Village
- % change from 2016 to 2025: 111.01%
- Home value in 2016: $653,637
- Home value in 2017: $668,229
- Home value in 2018: $725,323
- Home value in 2019: $790,241
- Home value in 2020: $830,577
- Home value in 2021: $1,007,721
- Home value in 2022: $1,478,311
- Home value in 2023: $1,366,636
- Home value in 2024: $1,334,498
- Home value in 2025: $1,379,221
Incline Village’s 111% appreciation created extraordinary $725K absolute returns from a high initial investment. This Lake Tahoe luxury market saw 46.7% surge in 2021-2022 during peak pandemic-driven migration, followed by 9.6% correction through 2024. Your investment success demonstrates luxury markets’ amplified volatility but superior absolute returns when timed correctly, particularly in tax-advantaged Nevada jurisdictions.
8. Fernley
- % change from 2016 to 2025: 111.04%
- Home value in 2016: $181,169
- Home value in 2017: $205,805
- Home value in 2018: $237,425
- Home value in 2019: $262,701
- Home value in 2020: $276,923
- Home value in 2021: $308,030
- Home value in 2022: $383,948
- Home value in 2023: $369,145
- Home value in 2024: $369,218
- Home value in 2025: $382,341
Fernley delivered 111% appreciation, turning $181K into $382K despite a 3.9% correction in 2022-2023. Your investment benefited from Fernley’s position in Nevada’s “Logistics Triangle” with proximity to Reno-Sparks industrial growth. The 24.6% surge in 2021-2022 reflects workforce housing demand driven by regional economic development, particularly distribution centers and manufacturing expansion.
7. Las Vegas
- % change from 2016 to 2025: 111.12%
- Home value in 2016: $201,841
- Home value in 2017: $214,702
- Home value in 2018: $248,701
- Home value in 2019: $279,819
- Home value in 2020: $286,129
- Home value in 2021: $307,318
- Home value in 2022: $384,269
- Home value in 2023: $394,400
- Home value in 2024: $405,215
- Home value in 2025: $426,132
Las Vegas delivered 111.1% returns, more than doubling your investment to $426K with no negative growth years. The entertainment capital saw an extraordinary 25% surge in 2021-2022 during post-pandemic recovery. Your investment benefited from economic diversification beyond tourism, including healthcare expansion and professional sports, creating more sustainable fundamentals than previous Vegas boom cycles.
6. Yerington
- % change from 2016 to 2025: 112.35%
- Home value in 2016: $137,075
- Home value in 2017: $149,309
- Home value in 2018: $168,177
- Home value in 2019: $189,664
- Home value in 2020: $211,621
- Home value in 2021: $237,624
- Home value in 2022: $283,226
- Home value in 2023: $283,786
- Home value in 2024: $281,987
- Home value in 2025: $291,085
Yerington’s 112.4% appreciation turned $137K into $291K, despite a slight 0.6% dip in 2023-2024. This agricultural community in Lyon County shows how rural Nevada markets with low entry points can deliver outsized percentage returns. Your investment benefited from spillover effects from nearby mining operations and regional economic diversification, creating unexpected wealth in this traditionally overlooked market.
5. Dayton
- % change from 2016 to 2025: 115.00%
- Home value in 2016: $204,336
- Home value in 2017: $233,101
- Home value in 2018: $268,702
- Home value in 2019: $300,197
- Home value in 2020: $318,945
- Home value in 2021: $355,566
- Home value in 2022: $431,926
- Home value in 2023: $419,544
- Home value in 2024: $422,576
- Home value in 2025: $439,323
Dayton’s impressive 115% growth created $235K in equity while more than doubling your investment. Located in the Carson Valley, your property would have experienced a brief 2.9% correction in 2022-2023 before resuming growth. The initial 21.4% surge in 2021-2022 reflected pandemic-era migration patterns, with continued appreciation suggesting fundamental demand rather than speculative excess.
4. Fallon
- % change from 2016 to 2025: 118.92%
- Home value in 2016: $170,264
- Home value in 2017: $186,922
- Home value in 2018: $207,908
- Home value in 2019: $238,786
- Home value in 2020: $256,557
- Home value in 2021: $286,679
- Home value in 2022: $349,119
- Home value in 2023: $347,089
- Home value in 2024: $355,504
- Home value in 2025: $372,737
Fallon delivered exceptional 118.9% growth, turning your $170K investment into $372K despite a minor correction in 2022-2023. Home to Naval Air Station Fallon, your investment benefited from stable military employment combined with agricultural sector strength. The impressive 21.8% surge in 2021-2022 reflects broad Nevada market dynamics rather than simply local economic factors.
3. North Las Vegas
- % change from 2016 to 2025: 125.09%
- Home value in 2016: $180,958
- Home value in 2017: $194,182
- Home value in 2018: $231,314
- Home value in 2019: $265,509
- Home value in 2020: $274,295
- Home value in 2021: $295,454
- Home value in 2022: $372,363
- Home value in 2023: $382,279
- Home value in 2024: $390,228
- Home value in 2025: $407,325
North Las Vegas delivered exceptional 125.1% appreciation, generating $226K in equity from a relatively affordable entry point. This once-struggling area has transformed through strategic development and infrastructure investment. The dramatic 26% surge in 2021-2022 reflects institutional investor confidence in this evolving market. Your investment benefited from proximity to Las Vegas amenities while capturing higher percentage returns than premium submarkets.
2. Pahrump
- % change from 2016 to 2025: 125.50%
- Home value in 2016: $150,937
- Home value in 2017: $157,721
- Home value in 2018: $175,857
- Home value in 2019: $208,068
- Home value in 2020: $233,478
- Home value in 2021: $254,961
- Home value in 2022: $327,946
- Home value in 2023: $331,566
- Home value in 2024: $326,363
- Home value in 2025: $340,356
Pahrump’s remarkable 125.5% appreciation turned your $151K investment into $340K with a stellar $189K equity gain. This Nye County desert community benefited from Las Vegas spillover effect while offering larger lots and fewer restrictions. Despite a brief 1.6% dip in 2023-2024, the overall trajectory shows resilient demand. Your investment leveraged Pahrump’s affordability while capturing outsized returns relative to entry cost.
1. Silver Springs
- % change from 2016 to 2025: 156.47%
- Home value in 2016: $124,887
- Home value in 2017: $147,818
- Home value in 2018: $184,458
- Home value in 2019: $218,456
- Home value in 2020: $239,970
- Home value in 2021: $277,654
- Home value in 2022: $334,011
- Home value in 2023: $313,954
- Home value in 2024: $305,068
- Home value in 2025: $320,294
Silver Springs tops our list with extraordinary 156.5% appreciation, turning a modest $125K investment into $320K. This Lyon County community benefited from strategic location between Carson City and Fernley’s industrial growth. Despite a correction phase in 2022-2024, the market has resumed its upward trajectory. Your investment would have captured the quintessential Nevada growth story: rural affordability transformed by regional economic development.
