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Nevada

Learn about the people, housing, costs and businesses in Nevada, Texas

Median Home$343,060
Median Rent$1,778/month
Population2,413
Leading IndustriesRetail · Wholesale Trade19% retail
Home Value Growth+5.6% over 2 years
Young Adults28% of residentsnear the national average
Homeowners95% of occupied units
NotableHigh Incomes$116k/year · top 10% nationally
Nevada
TX

Frequently Asked Questions

What are today's mortgage rates in Nevada?

As of today, the 30-year fixed mortgage rate for Nevada is approximately 7.020% (7.064% 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 $343k. The median monthly rent is $1,778. Annual property taxes average $6k. 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 5.6% over the past two years. This represents moderate growth. 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 $1,945/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $83k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nevada is $116k/year.

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What industries drive the economy in Nevada?

The largest employment sectors in Nevada are public administration (23%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.