Nevada housing market
Typical home value
$441K
▼ 1.6% 1 yr
5-year change
+14%
U.S. +20%
Median city rent
$1,997/mo
9 cities
Unemployment rate
4.7%
Median household income
$89K
2025
Key takeaways
- 1The typical home in Nevada is worth $440,739, down 1.6% in a year and up 14% over five years. That's the #16 most expensive of 51.
- 2Across 9 cities with rent data, median typical rent is $1,997/mo, roughly a 5.4% gross yield on the typical home.
- 3Median household income was $88,880 in 2025, so the typical home costs 5.0× income.
- 4Unemployment is 4.7% (−0.5 pts in a year).
Home values
Source: Zillow Research (ZHVI, ZORI and market activity data).
Source: FRED, Federal Reserve Bank of St. Louis. Quarterly, all-transactions index.
Nevada metro areas
Las Vegas, NV
$423K home$1,732 rent4.9% yield
▼ 2.6% 1 yr
Reno, NV
$570K home$2,069 rent4.4% yield
▲ 2.1% 1 yr
Fernley, NV
$421K home$2,095 rent6.0% yield
▲ 3.7% 1 yr
Carson City, NV
$494K home$2,070 rent5.0% yield
▲ 1.0% 1 yr
Elko, NV
$369K home$1,698 rent5.5% yield
▲ 2.3% 1 yr
Pahrump, NV
$355K home$1,471 rent5.0% yield
▲ 0.7% 1 yr
Gardnerville Ranchos, NV
$704K home$2,616 rent4.5% yield
▲ 2.7% 1 yr
Nevada cities
9 cities, largest first. Click a column to sort.
9 cities
| Las Vegas | $417K | ▼ 2.8% | $1,700 | ▲ 0.6% | 4.9% |
| Henderson | $478K | ▼ 2.3% | $1,783 | ▲ 0.6% | 4.5% |
| Reno | $572K | ▲ 2.0% | $1,997 | ▲ 8.1% | 4.2% |
| North Las Vegas | $402K | ▼ 1.4% | $1,866 | ▼ 0.4% | 5.6% |
| Sparks | $534K | ▲ 2.4% | $2,140 | ▲ 10.1% | 4.8% |
| Carson City | $501K | ▲ 1.2% | $2,126 | ▲ 5.6% | 5.1% |
| Pahrump | $365K | ▲ 0.5% | $1,471 | ▲ 2.2% | 4.8% |
| Fernley | $406K | ▲ 4.3% | $2,028 | ▲ 6.2% | 6.0% |
| Incline Village | $1.53M | ▲ 6.1% | $4,490 | ▲ 7.6% | 3.5% |
Data refreshed Oct 26, 2026.