The typical owner-occupied home in Mineral County is worth about $156,200, 64% below the Nevada median of $435,400 and 53% below the national median of $332,700. Owners pay a median $1,157 a year in property taxes, about 0.74% of their home's value, higher than the Nevada rate of 0.47%. The median household earns $54,855 a year, so the median home costs 2.8 times the median income (5.6 times for Nevada). 73% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Mineral County at a glance
| Mineral County | Nevada | U.S. | |
|---|---|---|---|
| Median home value | $156,200 | $435,400 | $332,700 |
| Median property tax paid per year | $1,157 | $2,027 | $3,119 |
| Property tax as a share of value | 0.74% | 0.47% | 0.94% |
| Median household income | $54,855 | $78,260 | $80,734 |
| Homes lived in by their owners | 73% | 60% | 65% |
| Owner homes with a mortgage | 42% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,130 | $1,932 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 22.3% | 21.0% |
| Median rent | $905 | $1,597 | $1,413 |
| Rent as a share of renters' income | 17.7% | 33.1% | 30.6% |
| Median year homes were built | 1971 | 1996 | 1980 |
| Vacant homes | 19.8% | 9.3% | 10.1% |
| Population | 4,542 | 3,184,612 | 334,922,499 |
What a typical home costs per month in Mineral County
At this week's average 30-year rate of 7.11%, buying the median Mineral County home of $156,200 with 20% down costs about $1,002 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,262, 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 $42,944 for the 20%-down payment. That payment is 22% of the median Mineral County household income of $54,855; at that income and 20% down, the 28% guideline points to a home of about $200,000.
The median rent here is $905 a month, so owning the median home costs about $97 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,240 |
|---|---|
| Loan amount | $124,960 |
| Principal and interest | $841 |
| Property taxes (0.74% a year) | $96 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $1,002 |
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| Down payment | $5,467 |
|---|---|
| Loan amount | $153,371 |
| Principal and interest | $1,032 |
| Property taxes (0.74% a year) | $96 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,262 |
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Questions about home buying in Mineral County
What is the median home value in Mineral County?
About $156,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mineral County?
Homeowners pay a median $1,157 a year, which is about 0.74% 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 Mineral County?
For the median home with 20% down at 7.11%, the payment is about $1,002 a month. Keeping that under 28% of gross income takes about $42,944 a year.
More about Mineral County
- Mortgage Refinance in Mineral County
- Debt Relief in Mineral County
- Home Equity Loans in Mineral County
- 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