Nevada Mortgage Calculator

Calculate your monthly mortgage payment in Nevada. Pre-filled with Nevada's average property tax rate of 0.53%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$155
Homeowner's Insurance
$100
Total Monthly Payment
$2,024

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,024/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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Nevada Housing Overview

Nevada has an average property tax rate of 0.53%. Nevada's cost of living is about 3% above the national average, with Las Vegas being moderately above average.

Property Tax: 0.53%No state income taxNo corporate income taxGrowing tech sector in Reno/Las Vegas

Buying a Home in Nevada

If you're considering buying a home in Nevada, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills Nevada's average property tax rate of 0.53% to give you a more accurate estimate.

Nevada Property Taxes

Nevada has an average effective property tax rate of 0.53%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 0.53% rate means approximately $1855 per year, or $155 per month in property taxes alone.

Cost of Living in Nevada

Nevada's cost of living is about 3% above the national average, with Las Vegas being moderately above average. When evaluating whether to buy a home in Nevada, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for Nevada Homebuyers

  • No state income tax means your full salary is yours to keep (after federal taxes)
  • Las Vegas and Reno offer growing tech and entertainment industry opportunities
  • Nevada has no corporate income tax, making it attractive for business owners
  • Nevada has a higher-than-average sales tax — factor this into your cost of living calculations

Key Nevada Features

  • No state income tax
  • No corporate income tax
  • Growing tech sector in Reno/Las Vegas
  • Higher sales tax (6.85%+ with local taxes)

See How Your Nevada Mortgage Fits Your Financial Plan

This calculator shows your Nevada mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Compare Nevada Mortgage Costs with Other States

California0.71% property taxOregon0.90% property taxIdaho0.63% property taxCalifornia0.71% property taxNew York1.46% property taxNew Jersey2.23% property tax

Frequently Asked Questions

What is the average property tax rate in Nevada?
The average effective property tax rate in Nevada is approximately 0.53%. This rate is applied to the assessed value of your property, which may differ from the market value depending on Nevada's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in Nevada?
Your mortgage payment in Nevada depends on the home price, your down payment, interest rate, and loan term. With Nevada's average property tax rate of 0.53%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is Nevada an affordable state to buy a home?
Nevada's cost of living is about 3% above the national average, with Las Vegas being moderately above average. When evaluating affordability in Nevada, consider not just the home price but also property taxes (0.53% average), homeowner's insurance costs, and any HOA fees common in your area.
How do Nevada property taxes compare to other states?
Nevada's average property tax rate of 0.53% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in Nevada?
Most states, including Nevada, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with Nevada's housing authority and the FHA, VA, and USDA loan programs for additional options.

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