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Nevada

Learn about the people, housing, costs and businesses across Nevada

Median Home$439,102
Median Rent$1,761/month
Population3,184,612
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade7% finance & insurance
Home Value Growth⬆⬆+13.6% over 2 years
Young Adults29% of residents
Homeowners60% of occupied units
NotableVeteran Community8% of residents · top 21% nationally
Nevada

Frequently Asked Questions

What are today's mortgage rates in Nevada?

As of today, the 30-year fixed mortgage rate for Nevada is approximately 6.832% (6.870% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Nevada?

The median home value in Nevada is $439k. The median monthly rent is $1,761. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nevada?

Home values in Nevada have increased 13.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Nevada?

Based on a typical all-in ownership cost of $1,601/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $69k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nevada is $85k/year.

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What industries drive the economy in Nevada?

The largest employment sectors in Nevada are public administration (17%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.