The typical owner-occupied home in Nevada is worth about $393,800, 39% above the Texas median of $283,800 and 18% above the national median of $332,700. Owners pay a median $6,112 a year in property taxes, about 1.55% of their home's value, close to the Texas rate of 1.49%. The median household earns $119,750 a year, so the median home costs 3.3 times the median income (3.6 times for Texas). 96% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Nevada at a glance
| Nevada | Texas | U.S. | |
|---|---|---|---|
| Median home value | $393,800 | $283,800 | $332,700 |
| Median property tax paid per year | $6,112 | $4,232 | $3,119 |
| Property tax as a share of value | 1.55% | 1.49% | 0.94% |
| Median household income | $119,750 | $78,476 | $80,734 |
| Homes lived in by their owners | 96% | 63% | 65% |
| Owner homes with a mortgage | 53% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,407 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 22.8% | 21.7% | 21.0% |
| Median rent | $1,654 | $1,403 | $1,413 |
| Rent as a share of renters' income | 17.9% | 30.9% | 30.6% |
| Median year homes were built | 2012 | 1992 | 1980 |
| Vacant homes | 1.1% | 9.4% | 10.1% |
| Population | 1,319 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Nevada
At this week's average 30-year rate of 7.11%, buying the median Nevada home of $393,800 with 20% down costs about $2,792 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,448, 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 $119,658 for the 20%-down payment. That payment is 28% of the median Nevada household income of $119,750; at that income and 20% down, the 28% guideline points to a home of about $394,000.
The median rent here is $1,654 a month, so owning the median home costs about $1,138 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $78,760 |
|---|---|
| Loan amount | $315,040 |
| Principal and interest | $2,119 |
| Property taxes (1.55% a year) | $509 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| PMI | $0 |
| Total per month | $2,792 |
Change the numbers in the calculator
| Down payment | $13,783 |
|---|---|
| Loan amount | $386,667 |
| Principal and interest | $2,601 |
| Property taxes (1.55% a year) | $509 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| FHA mortgage insurance | $174 |
| Total per month | $3,448 |
Change the numbers in the calculator
Questions about home buying in Nevada
What is the median home value in Nevada?
About $393,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nevada?
Homeowners pay a median $6,112 a year, which is about 1.55% 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 Nevada?
For the median home with 20% down at 7.11%, the payment is about $2,792 a month. Keeping that under 28% of gross income takes about $119,658 a year.
More about Nevada
- Mortgage Refinance in Nevada
- Debt Relief in Nevada
- Home Equity Loans in Nevada
- 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