The typical owner-occupied home in Lovelock is worth about $183,700, 58% below the Nevada median of $435,400 and 45% below the national median of $332,700. Owners pay a median $1,164 a year in property taxes, about 0.63% of their home's value, higher than the Nevada rate of 0.47%. The median household earns $42,074 a year, so the median home costs 4.4 times the median income (5.6 times for Nevada). 54% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Lovelock at a glance
| Lovelock | Nevada | U.S. | |
|---|---|---|---|
| Median home value | $183,700 | $435,400 | $332,700 |
| Median property tax paid per year | $1,164 | $2,027 | $3,119 |
| Property tax as a share of value | 0.63% | 0.47% | 0.94% |
| Median household income | $42,074 | $78,260 | $80,734 |
| Homes lived in by their owners | 54% | 60% | 65% |
| Owner homes with a mortgage | 43% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,325 | $1,932 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 22.3% | 21.0% |
| Median rent | $745 | $1,597 | $1,413 |
| Rent as a share of renters' income | 27.1% | 33.1% | 30.6% |
| Median year homes were built | 1980 | 1996 | 1980 |
| Vacant homes | 20.9% | 9.3% | 10.1% |
| Population | 1,481 | 3,184,612 | 334,922,499 |
What a typical home costs per month in Lovelock
At this week's average 30-year rate of 7.11%, buying the median Lovelock home of $183,700 with 20% down costs about $1,162 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,468, 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 $49,782 for the 20%-down payment. That payment is 33% of the median Lovelock household income of $42,074; at that income and 20% down, the 28% guideline points to a home of about $155,000.
The median rent here is $745 a month, so owning the median home costs about $417 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $36,740 |
|---|---|
| Loan amount | $146,960 |
| Principal and interest | $989 |
| Property taxes (0.63% a year) | $96 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| PMI | $0 |
| Total per month | $1,162 |
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| Down payment | $6,430 |
|---|---|
| Loan amount | $180,373 |
| Principal and interest | $1,213 |
| Property taxes (0.63% a year) | $96 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| FHA mortgage insurance | $81 |
| Total per month | $1,468 |
Change the numbers in the calculator
Questions about home buying in Lovelock
What is the median home value in Lovelock?
About $183,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lovelock?
Homeowners pay a median $1,164 a year, which is about 0.63% 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 Lovelock?
For the median home with 20% down at 7.11%, the payment is about $1,162 a month. Keeping that under 28% of gross income takes about $49,782 a year.
More about Lovelock
- Mortgage Refinance in Lovelock
- Debt Relief in Lovelock
- Home Equity Loans in Lovelock
- 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