Nevada housing market: home prices by city and forecast
Nevada home prices: according to the Zillow Home Value Index, a typical Nevada home was worth $440,739 in September 2026, a change of −1.6% from a year before.
- Value of a typical home
- $440,739September 2026, Zillow ZHVI
- Change over 12 months
- −1.6%US +1.2%
- Change over 10 years
- +90.6%US +77.4%
- Value multiple from 2000
- ×2.83US ×2.99
- Home price compared with income
- 5.4, alongside a median income of $81,134.
Across all 50 states, plus DC, typical home value ranks 16th. The 12-month change ranks 51st; growth since 2000 ranks 23rd of 47, and price to income ranks 14th, with the highest values listed first.
Nevada home prices since 2000
Nevada's typical home value rose from $155,984 in January 2000 to $440,739. It reached its highest level in July 2022 at $460,665, and the current value is −4.3% below that peak.
| Decade | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2000s | $158,432 | $167,348 | $178,282 | $193,900 | $244,956 | $316,137 | $337,662 | $321,232 | $251,273 | $178,178 |
| 2010s | $151,264 | $136,577 | $133,724 | $164,495 | $194,625 | $211,341 | $228,775 | $250,189 | $285,199 | $305,591 |
| 2020s | $317,322 | $369,020 | $442,782 | $424,306 | $444,243 | $451,328 |
Nevada home prices since 1975: the FHFA index
FHFA's repeat-sales index (1975 = 100) placed Nevada at 1268 in 2025. By Q2 2026, it had posted a year-over-year gain of +2.5%.
Owner-reported Census of Housing values put Nevada at $1,987 in 1940 and $142,000 in 2000.
| Census year | Nevada median value | US median value |
|---|---|---|
| 1940 | $1,987 | $2,938 |
| 1950 | $8,859 | $7,354 |
| 1960 | $15,200 | $11,900 |
| 1970 | $22,400 | $17,000 |
| 1980 | $68,700 | $47,200 |
| 1990 | $95,700 | $79,100 |
| 2000 | $142,000 | $119,600 |
These figures do not account for inflation. Census of Housing tables
Home prices in Nevada by city
Pages are available for 4 cities, listed from largest to smallest:
| City | Value of a typical home | Change over 12 months | Value multiple from 2000 |
|---|---|---|---|
| Las Vegas | $417,475 | −2.8% | ×2.71 |
| Henderson | $478,064 | −2.3% | ×2.69 |
| Reno | $571,562 | +2.0% | ×3.30 |
| Carson City | $500,511 | +1.2% | ×3.53 |
| North Las Vegas | $401,760 | −1.4% | |
| Sparks | $534,404 | +2.4% | |
| Pahrump | $364,642 | +0.5% | |
| Fernley | $405,738 | +4.3% | |
| Gardnerville | $612,185 | +2.2% | |
| Elko | $361,826 | +2.1% | |
| Fallon | $392,325 | +2.9% | |
| Sun Valley | $440,090 | +1.8% | |
| Mesquite | $371,742 | −2.9% | |
| Dayton | $459,263 | +2.3% | |
| Spring Creek | $407,809 | +1.8% |
Zillow Home Value Index, September 2026.
Nevada price forecasts: metro outlook
Zillow's 12-month forecasts, dated September 2026 for 3 Nevada metros, span −1.5% to +2.9%:
| Metro | Next 3 months | Next 12 months |
|---|---|---|
| Las Vegas, NV | −0.2% | −1.5% |
| Reno, NV | +1.3% | +2.4% |
| Carson City, NV | +1.8% | +2.9% |
This is Zillow's estimate, not investment advice.
Living costs in Nevada
Nevada has a price level of 100.0 (US 100), including housing at 114.1, goods at 96.3, utilities at 90.5, and other services at 98.7 (BEA). Median household income is $81,134, while median gross rent is $1,709 a month (Census ACS 2024). Of all homes, 60% are owner-occupied, and the median year built is 1997.
Cost of living by state is listed for every state on the state list. Two city pages are included: Las Vegas, Reno.
Interpreting the chart
The first chart shows dollar values and reaches its high of $460,665 in July 2022. The second chart uses an index. Nevada's line finishes at 1268, meaning prices there are 12.7 times the 1975 level. Inflation adjustments do not apply to either one.