The typical owner-occupied home in Zephyr Cove is worth about $1,750,000, 4.0 times the Nevada median of $435,400 and 5.3 times the national median of $332,700. Owners pay a median $5,380 a year in property taxes, about 0.31% of their home's value, lower than the Nevada rate of 0.47%. The median household earns $139,048 a year, so the median home costs 12.6 times the median income (5.6 times for Nevada). 74% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Zephyr Cove at a glance
| Zephyr Cove | Nevada | U.S. | |
|---|---|---|---|
| Median home value | $1,750,000 | $435,400 | $332,700 |
| Median property tax paid per year | $5,380 | $2,027 | $3,119 |
| Property tax as a share of value | 0.31% | 0.47% | 0.94% |
| Median household income | $139,048 | $78,260 | $80,734 |
| Homes lived in by their owners | 74% | 60% | 65% |
| Owner homes with a mortgage | 41% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,394 | $1,932 | $1,963 |
| Those costs as a share of the owners' income | 20.5% | 22.3% | 21.0% |
| Median rent | $1,500 | $1,597 | $1,413 |
| Rent as a share of renters' income | 38.3% | 33.1% | 30.6% |
| Median year homes were built | 1972 | 1996 | 1980 |
| Vacant homes | 58.2% | 9.3% | 10.1% |
| Population | 562 | 3,184,612 | 334,922,499 |
What a typical home costs per month in Zephyr Cove
At this week's average 30-year rate of 7.11%, buying the median Zephyr Cove home of $1,750,000 with 20% down costs about $10,599 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $13,796, 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 $454,249 for the 20%-down payment. That payment is 91% of the median Zephyr Cove household income of $139,048; at that income and 20% down, the 28% guideline points to a home of about $536,000.
The median rent here is $1,500 a month, so owning the median home costs about $9,099 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $350,000 |
|---|---|
| Loan amount | $1,400,000 |
| Principal and interest | $9,418 |
| Property taxes (0.31% a year) | $452 |
| Homeowners insurance (our estimate, 0.5% a year) | $729 |
| PMI | $0 |
| Total per month | $10,599 |
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| Down payment | $61,250 |
|---|---|
| Loan amount | $1,718,303 |
| Principal and interest | $11,559 |
| Property taxes (0.31% a year) | $452 |
| Homeowners insurance (our estimate, 0.5% a year) | $729 |
| FHA mortgage insurance | $1,055 |
| Total per month | $13,796 |
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Questions about home buying in Zephyr Cove
What is the median home value in Zephyr Cove?
About $1,750,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Zephyr Cove?
Homeowners pay a median $5,380 a year, which is about 0.31% 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 Zephyr Cove?
For the median home with 20% down at 7.11%, the payment is about $10,599 a month. Keeping that under 28% of gross income takes about $454,249 a year.
More about Zephyr Cove
- Mortgage Refinance in Zephyr Cove
- Debt Relief in Zephyr Cove
- Home Equity Loans in Zephyr Cove
- 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