How Much House Can I Afford in Nevada?
Find out how much house you can afford in Nevada with 0.6% property tax. Uses 28/36 rule with Nevada-specific data.
How This Calculator Works
Calculation methodology and assumptions
Calculates home affordability in Nevada using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Nevada's effective property tax rate of 0.6% and average home insurance of $1,470/year. Median home price in Nevada: $420,000.
Key State Information
Nevada housing market: Median home price $420,000 | Property tax rate 0.6% | Avg home insurance $1,470/yr | Median household income $66,274. Homes are expensive relative to income.
Frequently Asked Questions
How much house can I afford on the median income in Nevada?
With Nevada's median household income of $66,274 and a 10% down payment, you can typically afford a home priced around $231,959-$298,233 depending on debts and interest rates. The median home in Nevada costs $420,000.
What is the property tax rate in Nevada?
Nevada's effective property tax rate is 0.6%. On a $420,000 home, that's approximately $2,520/year or $210/month.
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