Mortgage Calculator — Nevada
Pre-filled with Nevada's average home price of $380000, property tax rate of 0.55%, and average insurance of $1500/year. Adjust any value below.
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Nevada Housing Market
Nevada has no state income tax and low property taxes, making it attractive for buyers from California. Las Vegas saw dramatic appreciation during 2020–2022 and has since moderated, while Reno continues strong growth driven by tech industry.
Affordability in Nevada
Nevada's tax advantages offset moderately high home prices. Las Vegas offers more entry-level inventory than coastal markets, with a strong condo and townhome segment that provides accessible ownership opportunities.
Key Markets
First-Time Buyer Programs in Nevada
Home Is Possible (HIP)
Down payment assistance as a grant or forgivable second loan with a 30-year fixed first mortgage. Income limits apply.
Home At Last (Nevada Rural Housing)
Down payment assistance and Mortgage Credit Certificates statewide through the Nevada Rural Housing Authority.
Programs are run by the Nevada Housing Division. Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Nevada
Nevada caps yearly increases in the property tax bill on a primary residence at 3%, which keeps effective rates among the lowest in the West. Nevada has no state income tax. At Nevada's average effective rate of 0.55%, a $380,000 home pays roughly $2,090/year (about $174/month).
Nevada Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in Nevada
Nevada's real property transfer tax is $1.95 per $500 in most counties and $2.55 per $500 in Clark County (Las Vegas), roughly 0.39%–0.51% of the price. The seller customarily pays it.
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