Nevada · NV

Nevada Mortgage Calculator

Pre-filled for Nevada: median home price $445,000, average property tax rate 0.55%. Adjust any slider to make it yours.

No state income tax.

Nevada housing at a glance

Median home price: $445,000
Effective property tax rate: 0.55% / yr
Annual property tax (median home): $2,448
Est. monthly tax escrow: $204
State income tax: None

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Nevada

The median home price in Nevada is around $445,000 and the effective property tax rate averages 0.55%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

Because Nevada has no state income tax, your net take-home pay is higher than in comparable-income states — which directly increases how much mortgage you can qualify for under DTI limits.

A 20% down payment on the median home in Nevada is $89,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in Nevada

Nevada's state real property transfer tax is $1.95 per $500 of price (0.39%); Clark County adds about $2.55 per $500.

Beyond transfer taxes, total closing costs in Nevadatypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $8,900–$22,250.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Recourse

Nevada mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Nevada?: At the current 30-year fixed rate of ~6.81%, a $445,000 home in Nevada with 20% down ($89,000) carries a principal-and-interest payment of ~$2,323/mo. Add property tax (~$204/mo at 0.55%) and homeowners insurance and your total is roughly $2,527/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Nevada?: The effective statewide property tax rate in Nevada averages 0.55% of assessed value per year. On a $445,000 home, that works out to roughly $2,448 per year ($204/mo). Individual county rates vary.
Does Nevada have a state income tax?: No, Nevada has no state income tax — no state income tax. This can significantly improve affordability compared to high-income-tax states.
What are the closing costs and transfer taxes in Nevada?: Nevada's state real property transfer tax is $1.95 per $500 of price (0.39%); Clark County adds about $2.55 per $500.
What type of foreclosure does Nevada use?: Nevada uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes.

Mortgage calculators by state

← Back to the main mortgage calculator