The typical owner-occupied home in Washoe County is worth about $539,900, 24% above the Nevada median of $435,400 and 62% above the national median of $332,700. Owners pay a median $2,385 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 $88,096 a year, so the median home costs 6.1 times the median income (5.6 times for Nevada). 60% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Washoe County at a glance
| Washoe County | Nevada | U.S. | |
|---|---|---|---|
| Median home value | $539,900 | $435,400 | $332,700 |
| Median property tax paid per year | $2,385 | $2,027 | $3,119 |
| Property tax as a share of value | 0.44% | 0.47% | 0.94% |
| Median household income | $88,096 | $78,260 | $80,734 |
| Homes lived in by their owners | 60% | 60% | 65% |
| Owner homes with a mortgage | 65% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,117 | $1,932 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 22.3% | 21.0% |
| Median rent | $1,608 | $1,597 | $1,413 |
| Rent as a share of renters' income | 30.9% | 33.1% | 30.6% |
| Median year homes were built | 1991 | 1996 | 1980 |
| Vacant homes | 8.6% | 9.3% | 10.1% |
| Population | 497,200 | 3,184,612 | 334,922,499 |
What a typical home costs per month in Washoe County
At this week's average 30-year rate of 7.11%, buying the median Washoe County home of $539,900 with 20% down costs about $3,328 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,228, 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 $142,649 for the 20%-down payment. That payment is 45% of the median Washoe County household income of $88,096; at that income and 20% down, the 28% guideline points to a home of about $333,000.
The median rent here is $1,608 a month, so owning the median home costs about $1,720 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $107,980 |
|---|---|
| Loan amount | $431,920 |
| Principal and interest | $2,906 |
| Property taxes (0.44% a year) | $198 |
| Homeowners insurance (our estimate, 0.5% a year) | $225 |
| PMI | $0 |
| Total per month | $3,328 |
Change the numbers in the calculator
| Down payment | $18,896 |
|---|---|
| Loan amount | $530,121 |
| Principal and interest | $3,566 |
| Property taxes (0.44% a year) | $198 |
| Homeowners insurance (our estimate, 0.5% a year) | $225 |
| FHA mortgage insurance | $239 |
| Total per month | $4,228 |
Change the numbers in the calculator
Questions about home buying in Washoe County
What is the median home value in Washoe County?
About $539,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Washoe County?
Homeowners pay a median $2,385 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 Washoe County?
For the median home with 20% down at 7.11%, the payment is about $3,328 a month. Keeping that under 28% of gross income takes about $142,649 a year.
More about Washoe County
- Mortgage Refinance in Washoe County
- Debt Relief in Washoe County
- Home Equity Loans in Washoe 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