Fernley, Nevada.
Typical home $405,738 (+4.3% in a year), asking rent $2,028 (+6.2%). Fallon, NV metro.
to buy the typical home at today's mortgage rate — +$1,093 (+105%) since Jan 2020.
- 1 year
- Up $16,553 +4%
- $389,185$405,738 since Sep 2025
- 5 years
- Up $33,000 +9%
- $372,738$405,738 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Fernley$2,130
- Nevada$2,313
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 41 years.
Typical home values in Fernley, NV rose 4.3% over the past year — faster than the nation's +1.2%.
Asking rents in Fernley, NV rose 6.2% over the past year — faster than the nation's +2.7%.
Owning the typical home in Fernley runs $716/mo more than renting one. The gap peaked at $1,047 in Oct 2022.
That is $2,744 a month against $2,028 rent: a $2,130 mortgage payment, plus $180 property tax and $434 insurance & upkeep.
Owning vs renting — Fernley
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,744
- Renting$2,028
- Mortgage only$2,130
Property tax · $180/mo 0.53% of value a year — the ACS 2020-2024 median bill over the median home value for Churchill County, NV
Insurance & upkeep · $434/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Fernley, Churchill County, Nevada
Fernley is a city of 22,895 people in Churchill County. Half its households earn more than $89,517 a year and half less, against $79,163 across Churchill County; 13% of its people live below the poverty line. 72% of its homes are lived in by their owners and 28% are rented. Unemployment in Fernley was 3.6% in August 2026, and Churchill County had 2.4% more jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Fernley is a city where most homes are lived in by their owners, and household incomes run higher than across Churchill County as a whole. Residents are a little younger than in many places, and fewer adults hold a four-year degree than in most towns. Winters are cold and summers are hot, with very little rain or snow through the year.
Work. Manufacturing is one of the main kinds of work for people who live here, along with schools, hospitals and social care, restaurants and hotels, and shops. Some of the largest workplaces in Fernley are MSC Industrial Supply Co, The Sherwin-Williams Company and Valley Joist West. Unemployment has eased over the past year, and the county has added jobs.
Things to do. The Truckee River is a river a longer drive away, and Lahontan Reservoir is a reservoir that is also a longer drive from town. Fort Churchill State Historic Park is a protected area, again a longer drive away, for anyone who likes a day out among open country and local history.
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- 8,789households
- 16%of adults have a degree
- 13%below the poverty line
- 28 mintypical commute
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Churchill County had 9,051 jobs in 2025, 2.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 46° and lows near 24°; warmest in July, with highs near 96° and lows near 66°. About 5 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Lahontan Dam weather station, 9 miles away (NOAA).
Largest workplaces in Fernley
- MSC Industrial Supply CoIndustrial supplies merchant wholesalers298
- The Sherwin-Williams CompanyPaint and coating manufacturing134
- Valley Joist WestFabricated structural metal manufacturing84
- Daehan Solution NevadaRacks, automotive, truck, and buses manufacturing74
- Polyglass USA Inc. FernleyAsphalt saturated mats and felts made from purchased asphaltic materials and paper74
- Polaris IndustriesGeneral warehousing and storage60
- Fernley Assisted LivingAssisted-living facilities without on-site nursing care facilities50
- Johns ManvilleUrethane and other foam product manufacturing49
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 15 workplaces with 20 or more staff, 1,020 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- EarthquakesRelatively moderate
- Heat wavesRelatively moderate
- LightningRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Fernley’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Churchill County and the Fallon, NV metro.
Fernley home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Fernley$405,738
- Nevada$440,739
- United States$366,157
Sellers are cutting prices on about 1 in 4 Fernley listings, and the typical home goes pending in 12 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Fernley23.11%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Fernley12
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Fernley86
New listings per month
Sellers arriving at the market.
- Fernley35
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Fernley$405,127
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Fernley99.81%
Zip codes with a Fernley address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Fernley — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.