Nye County, Nevada Housing Market Prices
Nye County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 16% below the Nevada median$301,152
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Median rent 26% below the Nevada median$1,181
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Nye County | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $301,152 | $357,758 | $248,835 |
| Price Trend (Annual %) | 21.5% | 9.4% | 7.5% |
| Median Gross Rent | $1,181 | $1,597 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nye County is about 16% lower than in Nevada. Rent is about 26% lower than the Nevada average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Nye County, up about 21.5% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Nye County rose about 51.9% between 2015 and 2024, from $777 to $1,181. Over the same span, rent in Nevada rose about 64.3%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Nye County.
Buying the median-priced home in Nye County costs roughly 21.3 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 Nye County. The price-to-rent ratio in Nevada is about 18.7.
| Metric | Nye County | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $301,152 | $357,758 | $248,835 |
| Median Household Income | $60,588 | $78,637 | $80,455 |
| Price-to-Income Ratio | 5.0 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Nye County rose about 407.7%, while median household income rose about 26.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Nye County | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.2% | 54.4% | 58.5% |
| Rental Rate | 19.5% | 36.3% | 31.2% |
| Vacancy Rate | 12.3% | 9.3% | 10.2% |
| Median Tenure (years) | 13.0 | 12.0 | 15.0 |
| Median Year Moved In | 2013 | 2014 | 2011 |
Nye County has a homeownership rate of 68.2%, higher than the Nevada average of 54.4%. Its housing vacancy rate is 12.3%, compared with 9.3% in Nevada.
Housing Stock
| Metric | Nye County | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1998 | 1993 | 1978 |
| Median Number of Rooms | 5.4 | 5.3 | 5.5 |
The typical housing unit in Nye County was built around 1998. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Nye County, Nevada.
What is the median home price in Nye County, Nevada?
The median home price in Nye County, Nevada is $301,152, lower than the Nevada average of $357,758.
What is the average home price in Nye County, Nevada?
The typical home price in Nye County, Nevada, reported as the median sale price, is $301,152. 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 Nye County, Nevada?
The median gross rent in Nye County, Nevada is $1,181 per month, lower than the Nevada average of $1,597.
What was the median gross rent in Nye County in 2020?
In 2020, the median gross rent in Nye County, Nevada was $821 per month.
What is the price-to-rent ratio in Nye County, Nevada?
The price-to-rent ratio in Nye County, Nevada is about 21.3, meaning it would take roughly 21.3 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 Nye County.
Are home prices or rent rising faster in Nye County, Nevada?
Both home prices and rent are rising in Nye County, up about 21.5% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nye County, Nevada?
68.2% of households in Nye County, Nevada own their home, higher than the Nevada average of 54.4%.
What is the vacancy rate in Nye County, Nevada?
The housing vacancy rate in Nye County, Nevada is 12.3%, higher than the Nevada average of 9.3%.
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