The typical owner-occupied home in Owyhee is worth about $119,300, 73% below the Nevada median of $435,400 and 64% below the national median of $332,700. The median household earns $54,000 a year, so the median home costs 2.2 times the median income (5.6 times for Nevada). 44% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Owyhee at a glance
| Owyhee | Nevada | U.S. | |
|---|---|---|---|
| Median home value | $119,300 | $435,400 | $332,700 |
| Median property tax paid per year | – | $2,027 | $3,119 |
| Median household income | $54,000 | $78,260 | $80,734 |
| Homes lived in by their owners | 44% | 60% | 65% |
| Owner homes with a mortgage | 15% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,139 | $1,932 | $1,963 |
| Those costs as a share of the owners' income | 23.8% | 22.3% | 21.0% |
| Median rent | $524 | $1,597 | $1,413 |
| Rent as a share of renters' income | 15.6% | 33.1% | 30.6% |
| Median year homes were built | 1982 | 1996 | 1980 |
| Vacant homes | 25.0% | 9.3% | 10.1% |
| Population | 647 | 3,184,612 | 334,922,499 |
What a typical home costs per month in Owyhee
At this week's average 30-year rate of 7.11%, buying the median Owyhee home of $119,300 with 20% down costs about $801 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,000, 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 $34,333 for the 20%-down payment. That payment is 18% of the median Owyhee household income of $54,000; at that income and 20% down, the 28% guideline points to a home of about $188,000.
The median rent here is $524 a month, so owning the median home costs about $277 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $23,860 |
|---|---|
| Loan amount | $95,440 |
| Principal and interest | $642 |
| Property taxes (1.10% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $801 |
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| Down payment | $4,176 |
|---|---|
| Loan amount | $117,139 |
| Principal and interest | $788 |
| Property taxes (1.10% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $1,000 |
Change the numbers in the calculator
Questions about home buying in Owyhee
What is the median home value in Owyhee?
About $119,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Owyhee?
For the median home with 20% down at 7.11%, the payment is about $801 a month. Keeping that under 28% of gross income takes about $34,333 a year.
More about Owyhee
- Mortgage Refinance in Owyhee
- Debt Relief in Owyhee
- Home Equity Loans in Owyhee
- 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