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Nevada's statewide median home price exceeds $437,000 in 2026, with Southern Nevada (Las Vegas) reaching $482,000 — up steadily from $470,000 in late 2025. Nevada attracts significant in-migration from California due to its no state income tax policy, strong job growth in tech and logistics, and relatively lower home prices than California coastal markets. Current 30-year fixed mortgage rates in Nevada are approximately 6.24–6.25% in 2026. Nevada's effective property tax rate of just 0.5–0.6% is among the lowest in the United States — annual taxes on the median home are approximately $2,600. The Nevada Housing Division's Home At Last program offers first-time buyers down payment assistance of up to $30,000.
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State: Nevada (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — actual escrow, lender PMI, and Home At Last eligibility vary. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$2,593
Amortization summary: fixed rate; effective rate equals your quoted rate. Taxes, insurance, PMI, and HOA are shown separately from P&I.
| Year | Statewide Median | Las Vegas Median | Change YoY |
|---|---|---|---|
| 2024 | ~$410,000 | ~$450,000 | +4.5% |
| 2025 | ~$425,000 | ~$470,000 | +3.7% |
| Early 2026 | $437,000 | $482,000 | +2.8% |
| Home Value | Effective Rate | Annual Tax |
|---|---|---|
| $300,000 | ~0.55% | ~$1,650 |
| $437,000 | ~0.55% | ~$2,404 |
| $600,000 | ~0.55% | ~$3,300 |
Nevada's effective property tax rate of 0.5–0.6% is among the lowest in the United States — significantly lower than neighboring California (0.75%), Arizona (0.8%), or Utah (0.57%). On Nevada's median home of $437,000, annual property taxes are approximately $2,185–$2,622. Combined with no state income tax, Nevada's total tax burden on homeowners is exceptionally low compared to most US states.
The Nevada Housing Division's Home At Last program offers first-time buyers down payment assistance of up to $30,000 — one of the most generous DPA programs in the western United States. Eligibility requires income below 80–120% of the area median income depending on county, and home prices must be below county-specific limits. Assistance is provided as a second mortgage or grant. Home At Last loans are available through approved lenders in Clark County (Las Vegas), Washoe County (Reno), and other Nevada counties.
| Term | Rate | Monthly Payment | Total Interest |
|---|---|---|---|
| 30-year fixed | 6.25% | $2,152 | $424,654 |
| 15-year fixed | 5.75% | $2,893 | $172,638 |
Illustrative principal & interest only — excludes taxes, insurance, and PMI. Use the calculator above for your scenario.
Nevada's no state income tax saves California transplants $5,000–$50,000+ annually depending on income. Combined with Nevada's low property tax rate (0.55% vs California's 0.75%), lower home prices than Bay Area or LA markets, and a growing tech job market in Reno and Las Vegas, Nevada has become one of the most popular relocation destinations for California workers and retirees. Reno in particular has seen strong demand from Bay Area tech workers, with prices up significantly from 2020 lows.
Nevada's statewide median home price is approximately $437,000 in 2026. Las Vegas (Southern Nevada) median is approximately $482,000. Reno and Northern Nevada average around $500,000–$550,000. Nevada prices have risen steadily due to strong in-migration from California and job growth in tech and logistics.
Nevada's effective property tax rate is approximately 0.5–0.6% of home value — one of the lowest in the United States. On a $437,000 home, annual property taxes are approximately $2,185–$2,622. Combined with no state income tax, Nevada has one of the lowest overall tax burdens for homeowners in the US.
Current 30-year fixed mortgage rates in Nevada are approximately 6.24–6.25% in 2026, in line with national averages. Home At Last program participants may access below-market rates through approved Nevada Housing Division lenders.
The Nevada Housing Division's Home At Last program offers first-time buyers down payment assistance of up to $30,000 — one of the most generous DPA programs in the western US. Income must be below 80–120% of area median income depending on county. Home prices must be below county-specific limits.
Conventional loans require 5–20% down. FHA loans require 3.5%. VA loans offer 0% for eligible veterans. On Nevada's median home of $437,000, a 5% down payment is $21,850 and 20% is $87,400. Home At Last assistance of up to $30,000 can cover a significant portion of the minimum down payment.
Nevada's no state income tax saves California transplants $5,000–$50,000+ annually. Combined with Nevada's 0.55% property tax rate (vs California's 0.75%), lower home prices outside Las Vegas and Reno compared to California coastal markets, and no estate tax, Nevada offers significant financial advantages for high-income earners and retirees relocating from California.
Educational estimates only. Not a lender pre-approval.