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Fernley

Learn about the people, housing, costs and businesses in Fernley, Nevada

Median Home$350,472
Median Rent$1,561/month
Population24,402
Leading IndustriesTransportation · Finance & Insurance · Manufacturing5% transportation
Home Value Growth+9.6% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners72% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$90k/year · top 24% nationally
Fernley
NV

Frequently Asked Questions

What are today's mortgage rates in Fernley?

As of today, the 30-year fixed mortgage rate for Fernley is approximately 6.933% (6.970% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Fernley?

The median home value in Fernley is $350k. The median monthly rent is $1,561. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fernley?

Home values in Fernley have increased 9.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fernley?

Based on a typical all-in ownership cost of $1,593/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fernley is $90k/year.

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What industries drive the economy in Fernley?

The largest employment sectors in Fernley are public administration (16%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.