2026 data · 0.53% property tax · Median home $394,000
Nevada Mortgage Calculator
A median-priced home in Nevada ($394,000) costs roughly $2,396 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Nevada's effective property tax rate is 0.53% — well below the US average of about 1.0%.
Nevada median-home monthly payment
$2,396/mo
P&I $2,097 · Tax $174 · Insurance $125
@ $394,000 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Nevada
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $88 | $63 | $1,216 |
| $300,000 | $60,000 | $1,597 | $133 | $95 | $1,824 |
| $394,000 (state median) | $78,800 | $2,097 | $174 | $125 | $2,396 |
| $400,000 | $80,000 | $2,129 | $177 | $127 | $2,432 |
| $500,000 | $100,000 | $2,661 | $221 | $158 | $3,040 |
| $750,000 | $150,000 | $3,992 | $331 | $238 | $4,561 |
Calculations use Nevada's 0.53% effective property tax rate, estimated homeowners insurance at 0.38%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Nevada property tax
Effective rate
0.53%
Median home value
$394,000
Median property tax
$2,062/yr
Nevada caps annual tax increases at 3% for primary residences and 8% for other properties. No state income tax means more take-home pay available for mortgage payments.
See our property tax calculator for a state-by-state property tax breakdown, and our Nevada paycheck calculator to estimate take-home pay against this monthly housing cost.
Nevada vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Nevada (this page) | 0.53% | $394,000 | $2,062 | |
| Idaho | 0.58% | $340,900 | $1,980 | Idaho mortgage → |
| Utah | 0.58% | $420,200 | $2,450 | Utah mortgage → |
| Arizona | 0.60% | $318,000 | $1,898 | Arizona mortgage → |
| California | 0.71% | $659,300 | $4,665 | California mortgage → |
FAQs about Nevada mortgages
What is the property tax rate in Nevada?
Nevada's effective property tax rate is 0.53%, meaning the average homeowner pays roughly 0.53% of their home's value in property tax annually. On a $394,000 home (the state median), that's about $2,062 per year, or $172 per month added to your mortgage payment.
What is the average monthly mortgage payment in Nevada?
For a home at Nevada's median value of $394,000, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Nevada's 0.53% property tax + estimated insurance, the typical monthly PITI payment is approximately $2,396. This includes $2,097 principal & interest, $174 property tax, and $125 homeowners insurance.
How much income do I need to buy a house in Nevada?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $102,686 to comfortably afford Nevada's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $66,865 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Nevada a good state to buy a house?
Nevada's combination of 0.53% property tax (well below the national average of ~1.0%) and median home value of $394,000 place it in the mid-range of state housing markets nationally. Nevada caps annual tax increases at 3% for primary residences and 8% for other properties.
How does Nevada property tax compare to neighboring states?
Nevada's 0.53% rate compares to: Idaho at 0.58%, Utah at 0.58%, Arizona at 0.60%, California at 0.71%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Nevada have a homestead exemption?
Nevada offers various property tax relief programs. Nevada caps annual tax increases at 3% for primary residences and 8% for other properties. No state income tax means more take-home pay available for mortgage payments. Check with your county assessor for primary-residence exemptions and senior/disabled programs that may reduce your annual property tax bill.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Nevada mortgage, the breakdown on a median-priced home would be: Principal & Interest $2,097, Property Tax $174, Homeowners Insurance $125. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.