The Most Affordable Neighborhoods in Lemmon Valley, NV by Home Value

These days, finding an affordable place to live in the Lemmon Valley area can be challenging. Home prices in Lemmon Valley are now at a median cost of $397,660, lower than the Nevada average of $441,980.

The average cost of rent is $2,171/mo in Lemmon Valley, primarily driven by the current value of real estate in the Lemmon Valley area. In Lemmon Valley, 7.73% of households rent, and 31.93% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lemmon Valley is $6,423 per month. Households that rent pay about 33.80% of their income on rent here. Lemmon Valley’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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