Nevada Mortgage Calculator
The median home price in Nevada is $435,000. With a 20% down payment at the state's average 30-year fixed rate of 7.08%, your estimated all-in monthly payment (principal, interest, taxes, and insurance) is approximately $2,643. Nevada's property tax rate of 0.6% annually is below the U.S. national average of 1.07%.
A buyer earning Nevada's median household income of $72,000 would dedicate roughly 44% of gross monthly income to housing — significantly strained by the standard 28% guideline.
Median Home Price
$435,000
Avg 30-yr Rate
7.08%
Property Tax Rate
0.6%/yr
Est. Monthly PITI
$2,643
Mortgage Calculator
Total Monthly Payment
$2,643.15
Loan Amount
$348,000
Total Paid
$840,233
Total Interest
$492,233
How to Get a Mortgage in Nevada
- 1 Check your credit score. In Nevada, most conventional lenders require 620+; FHA allows 580+ with 3.5% down.
- 2 Save for your down payment. On a $435,000 Nevada home, 20% down is $87,000 — avoiding PMI and reducing your monthly payment.
- 3 Get pre-approved from 2–3 lenders. Rates in Nevada average 7.08%, but shopping lenders often saves 0.25–0.5%.
- 4 Account for closing costs — typically 2–5% of the loan amount, or $10,440–$17,400 on a median Nevada purchase.
- 5 Budget for ongoing costs: Nevada property taxes average 0.6%/yr ($2,610/yr on the median home), plus homeowner's insurance averaging $1.100/yr.
Monthly Cost Breakdown — Median Nevada Home
Excludes HOA fees, PMI (not required with 20% down), and utilities.
Nevada Mortgage FAQs
What is the average home price in Nevada?
The median home price in Nevada is $435,000 (2024 estimate). With a typical 20% down payment of $87,000, a buyer would finance $348,000 at a 30-year fixed rate.
What are property taxes like in Nevada?
Nevada has an average effective property tax rate of 0.6% of assessed home value. On a $435,000 home, that's approximately $2,610 per year ($218/month) — below the national average of 1.07%.
How much income do I need to buy a home in Nevada?
To keep housing costs at or below the recommended 28% of gross monthly income on a median-priced Nevada home, you'd need to earn roughly $113,278 per year. The state's median household income is $72,000, meaning the typical household allocates about 44% of gross income to housing — significantly strained.
What is the average mortgage rate in Nevada?
The average 30-year fixed mortgage rate in Nevada is approximately 7.08% (2024 average). Rates vary by lender, credit score, loan-to-value ratio, and loan type. Borrowers with credit scores above 740 typically qualify for the best available rates.
Related:
National Mortgage Calculator Loan Calculator Investment Return Calculator