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$447,473
$2,697/mo
$292,684
$115,591/yr
| Median Home Price | $447,473 |
| Down Payment (20%) | $89,495 |
| Loan Amount | $357,978 |
| Monthly PI Payment | $2,324 |
| Monthly Property Tax | $186 |
| Monthly Insurance Est. | $186 |
| Total Monthly PITI | $2,697 |
| Required Gross Income (28% rule) | $115,591/yr |
| Max Affordable Price (28% rule) | $292,684 |
$15,662
$3,482/mo
Nevada Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $447,473 | State median |
| Down Payment (20%) | $89,495 | Conventional |
| Monthly PITI (median home) | $2,697 | 6.76% rate |
| Required Income (28% rule) | $115,591 | Annual gross |
| Max Affordable Home | $292,684 | Based on median income |
| FHA Down Payment (3.5%) | $15,662 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in Nevada is $447,473, with a current 30-year fixed mortgage rate of 6.76%. A buyer putting 20% down on the median home would carry a loan of $357,978, resulting in a monthly principal and interest payment of $2,324. Once property taxes and insurance are added, total monthly housing costs reach $2,697.
Property taxes in Nevada average 0.5%, well below the national average of 1.1%. On the median Nevada home, property taxes add $186/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 $81,134/year can afford up to $1,893/month in total housing costs (principal, interest, taxes, and insurance). Based on Nevada's current mortgage rate of 6.76% and property tax rate of 0.5%, that translates to a maximum affordable home price of approximately $292,684 with 20% down on a 30-year loan.
To comfortably afford the median Nevada home priced at $447,473, you need an annual gross income of approximately $115,591. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $2,324, property taxes of $186, and insurance of $186) come to $2,697/month, which should not exceed 28% of your gross monthly income.
Nevada's average property tax rate is 0.5%, which is well below the national average of 1.1%. On the median Nevada home of $447,473, that means annual property taxes of $2,237, or $186/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 $447,473, that is $15,662. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($89,495 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.