The typical home in Las Vegas, NV is worth about $450,000.
With 20% down that's a loan near $360,000 — the calculator
is pre-filled with that figure. Nevada has no state income tax and one of the lowest effective property tax rates in the country, thanks to a cap on annual bill increases for owner-occupants. Prices are high relative to local wages, which keeps the market sensitive to rates.
$2,337.35 / month
Total interest
$481,442
Total paid
$841,442
Payoff
30.0 years
How much you need to earn
Las Vegas, NV's median household income is about
$70,000 a year. Under standard 28/36
lending rules that supports a home price around
$296,003 with 20% down —
below the $450,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Las Vegas, NV is about $1,550 a month, so owning the median home costs roughly
$1,083 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Las Vegas, NV?
On the metro's roughly $450,000 typical home with 20% down, the loan is about $360,000. Principal and interest run near $2,337 a month at today's rate, and Las Vegas, NV's property tax plus insurance add about $296, for a full payment near $2,633.
Can I afford a home in Las Vegas, NV on the median income?
The median household income is about $70,000 a year. Under standard 28/36 lending rules that supports a home price around $296,003 with 20% down — below the $450,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Las Vegas, NV?
Typical asking rent is about $1,550 a month. The full owner payment on a median home is near $2,633, so owning costs roughly $1,083 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Las Vegas, NV?
The effective property tax rate in the core county is about 0.50% of market value — roughly $2,250 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Las Vegas, NV rising or falling?
Home values are up about 5% over the past year. Nevada has no state income tax and one of the lowest effective property tax rates in the country, thanks to a cap on annual bill increases for owner-occupants. Prices are high relative to local wages, which keeps the market sensitive to rates.