CALCMONEY // HOME AFFORDABILITY // NV
Find out how much home you can afford in Nevada using local median home prices, current mortgage rates, and NV-specific property tax data.
Open Full Calculator$430,000
$2,660/mo
$218,804
$113,989/yr
| Median Home Price | $430,000 |
| Down Payment (20%) | $86,000 |
| Loan Amount | $344,000 |
| Monthly PI Payment | $2,266 |
| Monthly Property Tax | $215 |
| Monthly Insurance Est. | $179 |
| Total Monthly PITI | $2,660 |
| Required Gross Income (28% rule) | $113,989/yr |
| Max Affordable Price (28% rule) | $218,804 |
$15,050
$3,421/mo
Nevada Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $430,000 | State median |
| Down Payment (20%) | $86,000 | Conventional |
| Monthly PITI (median home) | $2,660 | 6.9% rate |
| Required Income (28% rule) | $113,989 | Annual gross |
| Max Affordable Home | $218,804 | Based on median income |
| FHA Down Payment (3.5%) | $15,050 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in Nevada is $430,000, with a current 30-year fixed mortgage rate of 6.9%. A buyer putting 20% down on the median home would carry a loan of $344,000, resulting in a monthly principal and interest payment of $2,266. Once property taxes and insurance are added, total monthly housing costs reach $2,660.
Property taxes in Nevada average 0.6%, well below the national average of 1.1%. On the median Nevada home, property taxes add $215/month to total housing costs.
Nevada has no state income tax, which increases effective take-home pay relative to higher-tax states and can improve overall buying power for NV residents.
Using the 28% rule, a household earning Nevada's median income of $66,300/year can afford up to $1,547/month in total housing costs (principal, interest, taxes, and insurance). Based on Nevada's current mortgage rate of 6.9% and property tax rate of 0.6%, that translates to a maximum affordable home price of approximately $218,804 with 20% down on a 30-year loan.
To comfortably afford the median Nevada home priced at $430,000, you need an annual gross income of approximately $113,989. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $2,266, property taxes of $215, and insurance of $179) come to $2,660/month, which should not exceed 28% of your gross monthly income.
Nevada's average property tax rate is 0.6%, which is well below the national average of 1.1%. On the median Nevada home of $430,000, that means annual property taxes of $2,580, or $215/month. Because lenders include property taxes in your debt-to-income calculation, Nevada's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median Nevada home of $430,000, that is $15,050. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($86,000 on the median Nevada home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no Nevada-specific minimum down payment requirements beyond federal guidelines.