Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Nevada area can be challenging. Home prices in Nevada are now at a median cost of $321,492, higher than the the United States average of $313,691.
The average cost of rent is $1,416/mo in Nevada, primarily driven by the current value of real estate in the Nevada area. While nearly 35.15% of residents own their homes outright in Nevada, 39.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Nevada is $6,263 per month. Households that rent pay about 22.61% of their income on rent here. Nevada's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the state.
Nearby States
States with Similar Populations
- Tennessee: less expensive homes
- Massachusetts: higher priced homes
- Michigan: less expensive homes
- Minnesota: less expensive homes
- Mississippi: less expensive homes
- Missouri: less expensive homes
- Nebraska: less expensive homes
- Rhode Island: equally priced homes
- South Dakota: less expensive homes
- Alaska: less expensive homes
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