Truckee, California.
Typical home $1,020,590 (+2.5% in a year), asking rent $4,044 (+7.1%). Truckee-Grass Valley, CA metro.
to buy the typical home at today's mortgage rate — +$2,945 (+122%) since Jan 2020.
- 1 year
- Up $24,576 +2%
- $996,013$1,020,590 since Sep 2025
- 5 years
- Up $18,110 +2%
- $1,002,480$1,020,590 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.
- Truckee$5,357
- California$3,997
- United States$1,922
Typical home values in Truckee, CA rose 2.5% over the past year — faster than the nation's +1.2%.
Asking rents in Truckee, CA rose 7.1% over the past year — faster than the nation's +2.7%.
Owning the typical home in Truckee runs $3,048/mo more than renting one. The gap peaked at $3,184 in Jan 2025.
That is $7,091 a month against $4,044 rent: a $5,357 mortgage payment, plus $642 property tax and $1,093 insurance & upkeep.
Owning vs renting — Truckee
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$7,091
- Renting$4,044
- Mortgage only$5,357
Property tax · $642/mo 0.75% of value a year — the ACS 2020-2024 median bill over the median home value for Nevada County, CA
Insurance & upkeep · $1,093/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 Truckee, Nevada County, California
Truckee is a town of 16,729 people in Nevada County. Half its households earn more than $130,462 a year and half less, against $89,882 across Nevada County; 9% of its people live below the poverty line. 73% of its homes are lived in by their owners and 27% are rented. Unemployment in Nevada County was 5.0% in August 2026, and the county had 1.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
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. Truckee is a mountain town in Nevada County, California, with winters that are far colder and snowier than most of the country; the snow is deep every year, and summers are mild and dry enough to be pleasant. Incomes in town run well above the county's, and most homes are lived in by their owners, though homes and rents here cost a great deal. A large share of adults hold a four-year degree, and the population is a little older than the typical American town.
Work. Residents work mostly in schools, hospitals and social care, in professional and business services, and in restaurants, hotels and entertainment, with retail close behind. Among the largest workplaces in Truckee are Tahoe Forest Hospital, the Tahoe Donner Association and the Tahoe Truckee school district. Many people work from home, and the typical commute is short. Jobs across Nevada County slipped a little last year.
Things to do. Trout Creek and Donner Creek run in or beside town, and Donner Lake, a reservoir, and Donner Memorial State Park are both a short drive away. For skiing, Sugar Bowl and Tahoe Donner are a short drive off, while Palisades Tahoe and Lake Tahoe itself are a longer drive.
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- 6,860households
- 61%of adults have a degree
- 9%below the poverty line
- 21 mintypical commute
- 30%work from home
What residents work in
Employed residents by industry, from the Census survey. Nevada County had 34,626 jobs in 2025, 1.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 40° and lows near 15°; warmest in July, with highs near 84° and lows near 41°. About 207 inches of snow and 31 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Truckee Rs weather station, 2 miles away (NOAA).
Largest workplaces in Truckee
- Tahoe Truckee Unified School DisrictSchool bus services678
- Tahoe Donner AssociationHomeowners association562
- Tahoe Forest HospitalCritical access hospital540FTE
- Tahoe-Truckee UnifiedSchool district477FTE
- SafewaySupermarkets and other grocery stores117
- RaleysSupermarkets and other grocery retailers104
- New Moon Natural FoodsGrocery stores85
- Tahoe Donner AssociationGolf and country clubs82
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 17 workplaces with 20 or more staff, 2,122 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. 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
- Inland floodingVery high
- WildfireRelatively high
- EarthquakesRelatively high
- AvalanchesRelatively moderate
- Winter weatherrelatively high in parts of TruckeeRelatively moderate
- Lightningrelatively high in parts of TruckeeRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Truckee’s census tracts, against the rest of the country; all of them together, relatively high. 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 Nevada County and the Truckee-Grass Valley, CA metro.
Truckee home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Truckee$1,020,590
- California$761,538
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 5 Truckee listings, and the typical home goes pending in 28 days — the market is heating up.
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.
- Truckee21.65%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Truckee28
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Truckee274
New listings per month
Sellers arriving at the market.
- Truckee83
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Truckee$1,065,668
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Truckee98.91%
Zip codes with a Truckee address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Truckee — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Truckee
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 96161 | Truckee | 19,634 | $4,044 | $1,024,234 |
| 96140 | Carnelian Bay | 1,171 | $3,779 | $1,102,848 |