The typical owner-occupied home in Orovada is worth about $245,600, 44% below the Nevada median of $435,400 and 26% below the national median of $332,700. Owners pay a median $1,073 a year in property taxes, about 0.44% of their home's value, lower than the Nevada rate of 0.47%. The median household earns $54,643 a year, so the median home costs 4.5 times the median income (5.6 times for Nevada). 81% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Orovada at a glance
| Orovada | Nevada | U.S. | |
|---|---|---|---|
| Median home value | $245,600 | $435,400 | $332,700 |
| Median property tax paid per year | $1,073 | $2,027 | $3,119 |
| Property tax as a share of value | 0.44% | 0.47% | 0.94% |
| Median household income | $54,643 | $78,260 | $80,734 |
| Homes lived in by their owners | 81% | 60% | 65% |
| Owner homes with a mortgage | 37% | 66% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,932 | $1,963 |
| Those costs as a share of the owners' income | 21.4% | 22.3% | 21.0% |
| Median rent | – | $1,597 | $1,413 |
| Median year homes were built | 1978 | 1996 | 1980 |
| Vacant homes | 25.2% | 9.3% | 10.1% |
| Population | 141 | 3,184,612 | 334,922,499 |
What a typical home costs per month in Orovada
At this week's average 30-year rate of 7.11%, buying the median Orovada home of $245,600 with 20% down costs about $1,514 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,923, 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 $64,891 for the 20%-down payment. That payment is 33% of the median Orovada household income of $54,643; at that income and 20% down, the 28% guideline points to a home of about $207,000.
| Down payment | $49,120 |
|---|---|
| Loan amount | $196,480 |
| Principal and interest | $1,322 |
| Property taxes (0.44% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| PMI | $0 |
| Total per month | $1,514 |
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| Down payment | $8,596 |
|---|---|
| Loan amount | $241,152 |
| Principal and interest | $1,622 |
| Property taxes (0.44% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| FHA mortgage insurance | $109 |
| Total per month | $1,923 |
Change the numbers in the calculator
Questions about home buying in Orovada
What is the median home value in Orovada?
About $245,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Orovada?
Homeowners pay a median $1,073 a year, which is about 0.44% 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 Orovada?
For the median home with 20% down at 7.11%, the payment is about $1,514 a month. Keeping that under 28% of gross income takes about $64,891 a year.
More about Orovada
- Mortgage Refinance in Orovada
- Debt Relief in Orovada
- Home Equity Loans in Orovada
- 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