The typical owner-occupied home in Searchlight is worth about $142,700, 67% below the Nevada median of $435,400 and 57% below the national median of $332,700. Owners pay a median $848 a year in property taxes, about 0.59% of their home's value, higher than the Nevada rate of 0.47%. The median household earns $49,766 a year, so the median home costs 2.9 times the median income (5.6 times for Nevada). 93% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Searchlight at a glance
| Searchlight | Nevada | U.S. | |
|---|---|---|---|
| Median home value | $142,700 | $435,400 | $332,700 |
| Median property tax paid per year | $848 | $2,027 | $3,119 |
| Property tax as a share of value | 0.59% | 0.47% | 0.94% |
| Median household income | $49,766 | $78,260 | $80,734 |
| Homes lived in by their owners | 93% | 60% | 65% |
| Owner homes with a mortgage | 60% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,024 | $1,932 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 22.3% | 21.0% |
| Median rent | – | $1,597 | $1,413 |
| Median year homes were built | 1983 | 1996 | 1980 |
| Vacant homes | 44.5% | 9.3% | 10.1% |
| Population | 246 | 3,184,612 | 334,922,499 |
What a typical home costs per month in Searchlight
At this week's average 30-year rate of 7.11%, buying the median Searchlight home of $142,700 with 20% down costs about $898 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,135, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $38,468 for the 20%-down payment. That payment is 22% of the median Searchlight household income of $49,766; at that income and 20% down, the 28% guideline points to a home of about $185,000.
| Down payment | $28,540 |
|---|---|
| Loan amount | $114,160 |
| Principal and interest | $768 |
| Property taxes (0.59% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| PMI | $0 |
| Total per month | $898 |
Change the numbers in the calculator
| Down payment | $4,994 |
|---|---|
| Loan amount | $140,115 |
| Principal and interest | $943 |
| Property taxes (0.59% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| FHA mortgage insurance | $63 |
| Total per month | $1,135 |
Change the numbers in the calculator
Questions about home buying in Searchlight
What is the median home value in Searchlight?
About $142,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Searchlight?
Homeowners pay a median $848 a year, which is about 0.59% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Searchlight?
For the median home with 20% down at 7.11%, the payment is about $898 a month. Keeping that under 28% of gross income takes about $38,468 a year.
More about Searchlight
- Mortgage Refinance in Searchlight
- Debt Relief in Searchlight
- Home Equity Loans in Searchlight
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data