Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$440,739−1.6% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$95,543About 1.2× the local median income ($81,129): a stretch for a typical household
Days on market60 daysAbout the same pace as a year ago
Next 12 months−0.7%Zillow expects prices to dip slightly
The typical home in Nevada is worth $440,739, down 1.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $396,152, so the area is 11.3% overvalued. It is a buyer's market: homes take about 60 days to sell, listings are up 6% from a year ago, 23% of listings have had a price cut. Zillow expects prices to fall about 0.7% over the next year. A household needs about $95,543 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,129. In the latest IRS figures, 11,717 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$440,739
Change in 1 year
−1.6%
Overvalued %
+11.3%
Show 7 more
Fair home value
$396,152
Change in 5 years
+13.6%
Zillow forecast, next 12 months
−0.7%
Home value to income
5.4×
Monthly mortgage payment (20% down)
$2,389
Income needed to afford it
$95,543
Property tax rate
0.47%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,672
Market activity
Listings vs a year ago
+5.6%
Days on market
60
Listings with a price cut
23.2%
Show 3 more
Homes for sale
14,041
Pending sales per 100 listings
23
Asking price per sq ft
$266
People and jobs
Median household income
$81,129
Population change (1 year)
+0.9%
Unemployment rate
7.0%
Show 4 more
Population
3,282,188
Income adjusted for cost of living
$81,129
Net moves in (IRS)
+11,717
Cost of living (US = 100)
100.0
Schools, risk and environment
FEMA hazard risk score (0 to 100)
95.7
Unhealthy air days a year
20
Flood risk score
94.0
Show 3 more
Wildfire risk score
98.2
Walkability (1 to 20)
10.9
Road, rail and air noise
54 dB
Questions people ask
Is Nevada overvalued?
Home prices in Nevada are well above what local incomes have historically supported: fair value is about $396,152, so the area is 11.3% overvalued.
Is Nevada a buyer's or seller's market?
Nevada is a buyer's market: homes take about 60 days to sell, listings are up 6% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Nevada?
Home values in Nevada are down 1.6% over the last year. Zillow's forecast for the next 12 months is −0.7%.
How much do you need to earn to buy a home in Nevada?
A household needs about $95,543 a year to afford the typical home in Nevada at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,129.