Nevada Housing Market Trends
Real-time market data powered by Zillow Research. Last updated: 2026-03-03
Is Now a Good Time to Buy in Nevada?
The Nevada housing market is showing balanced conditions.
home values have been essentially flat (-1.8%) over the past year. there are currently 322 homes on the market.
Median Home Value
$440,161
Zillow Home Value Index
Year-over-Year
-1.8%
Home value change
5-Year Change
+33.9%
Since 2021
Median Rent
$1,769/mo
Zillow Observed Rent Index
Active Listings
322
Homes for sale
Home Value Trends
5-year Zillow Home Value Index (ZHVI) for Nevada vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.
Rent Trends
Average rent in Nevada: $1,769/mo (+4.7% YoY)
Rent vs. Buy Analysis
With a median home value of $440,161 and average rent of $1,769/mo, the price-to-rent ratio in Nevada is 20.7. A ratio of 15-21 means it could go either way — run the numbers.
Run Full Rent vs. Buy CalculatorTop Markets in Nevada
Explore housing data for 9 metro areas in Nevada. Click any market for detailed trends and analysis.
Gardnerville Ranchos, NV
$675,545
Avg rent: $2,379/mo
Reno, NV
$550,735
Avg rent: $1,902/mo
Carson City, NV
$478,787
Avg rent: $1,706/mo
Las Vegas, NV
$425,615
Avg rent: $1,716/mo
Fernley, NV
$404,662
Avg rent: $1,881/mo
Fallon, NV
$379,393
Avg rent: $1,450/mo
Elko, NV
$355,689
Avg rent: $1,508/mo
Pahrump, NV
$352,902
Avg rent: $1,609/mo
Winnemucca, NV
$336,912
Continue Learning About Nevada
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.