Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Churchill County | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $323,259 | $338,659 | $242,182 |
| Price Trend (Annual %) | 11.2% | 9.9% | 8.2% |
| Median Gross Rent | $1,203 | $1,488 | $1,342 |
| Rent Trend (Annual %) | 5.7% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Churchill County is about 5% lower than in Nevada. Rent is about 19% lower than the Nevada average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Churchill County, up about 11.2% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Churchill County rose about 41.4% between 2015 and 2023, from $851 to $1,203. Over the same span, rent in Nevada rose about 53.1%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Churchill County.
Buying the median-priced home in Churchill County costs roughly 22.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Churchill County. The price-to-rent ratio in Nevada is about 19.0.
| Metric | Churchill County | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $323,259 | $338,659 | $242,182 |
| Median Household Income | $73,608 | $75,608 | $78,145 |
| Price-to-Income Ratio | 4.4 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Churchill County rose about 20.9%, while median household income rose about 39.7% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Churchill County | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.6% | 53.7% | 58.2% |
| Rental Rate | 28.5% | 36.8% | 31.3% |
| Vacancy Rate | 10.9% | 9.5% | 10.6% |
| Median Tenure (years) | 15.0 | 12.0 | 15.0 |
| Median Year Moved In | 2011 | 2014 | 2011 |
Churchill County has a homeownership rate of 60.6%, higher than the Nevada average of 53.7%. Its housing vacancy rate is 10.9%, compared with 9.5% in Nevada.
Housing Stock
| Metric | Churchill County | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.62 people | 2.54 people |
| Median Structure Built Year | 1988 | 1993 | 1978 |
| Median Number of Rooms | 5.5 | 5.3 | 5.5 |
The typical housing unit in Churchill County was built around 1988. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Churchill County, Nevada.
What is the median home price in Churchill County, Nevada?
The median home price in Churchill County, Nevada is $323,259, lower than the Nevada average of $338,659.
What is the average home price in Churchill County, Nevada?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Churchill County, Nevada?
The median gross rent in Churchill County, Nevada is $1,203 per month, lower than the Nevada average of $1,488.
What was the median gross rent in Churchill County in 2020?
In 2020, the median gross rent in Churchill County, Nevada was $887 per month.
What is the price-to-rent ratio in Churchill County, Nevada?
The price-to-rent ratio in Churchill County, Nevada is about 22.4, meaning it would take roughly 22.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Churchill County.
Are home prices or rent rising faster in Churchill County, Nevada?
Both home prices and rent are rising in Churchill County, up about 11.2% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Churchill County, Nevada?
60.6% of households in Churchill County, Nevada own their home, higher than the Nevada average of 53.7%.
What is the vacancy rate in Churchill County, Nevada?
The housing vacancy rate in Churchill County, Nevada is 10.9%, higher than the Nevada average of 9.5%.