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 | White Pine County | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,899 | $338,659 | $242,182 |
| Price Trend (Annual %) | 5.7% | 9.9% | 8.2% |
| Median Gross Rent | $933 | $1,488 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in White Pine County is about 90% lower than in Nevada. Rent is about 37% 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 White Pine County, up about 5.7% and 3.4% a year respectively. Home prices are changing faster.
Median rent in White Pine County rose about 32.8% between 2015 and 2023, from $702 to $933. Over the same span, rent in Nevada rose about 53.1%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in White Pine County.
Buying the median-priced home in White Pine County costs roughly 3.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in White Pine County. The price-to-rent ratio in Nevada is about 19.0.
| Metric | White Pine County | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,899 | $338,659 | $242,182 |
| Median Household Income | $70,013 | $75,608 | $78,145 |
| Price-to-Income Ratio | 0.5 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in White Pine County fell about 76.2%, while median household income rose about 52.0% 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 | White Pine County | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.5% | 53.7% | 58.2% |
| Rental Rate | 18.4% | 36.8% | 31.3% |
| Vacancy Rate | 18.0% | 9.5% | 10.6% |
| Median Tenure (years) | 17.0 | 12.0 | 15.0 |
| Median Year Moved In | 2009 | 2014 | 2011 |
White Pine County has a homeownership rate of 63.5%, higher than the Nevada average of 53.7%. Its housing vacancy rate is 18.0%, compared with 9.5% in Nevada.
Housing Stock
| Metric | White Pine County | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.62 people | 2.54 people |
| Median Structure Built Year | 1974 | 1993 | 1978 |
| Median Number of Rooms | 5.3 | 5.3 | 5.5 |
The typical housing unit in White Pine County was built around 1974. On average, 2.2 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in White Pine County, Nevada.
What is the median home price in White Pine County, Nevada?
The median home price in White Pine County, Nevada is $33,899, lower than the Nevada average of $338,659.
What is the average home price in White Pine 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 White Pine County, Nevada?
The median gross rent in White Pine County, Nevada is $933 per month, lower than the Nevada average of $1,488.
What was the median gross rent in White Pine County in 2020?
In 2020, the median gross rent in White Pine County, Nevada was $787 per month.
What is the price-to-rent ratio in White Pine County, Nevada?
The price-to-rent ratio in White Pine County, Nevada is about 3.0, meaning it would take roughly 3.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in White Pine County.
Are home prices or rent rising faster in White Pine County, Nevada?
Both home prices and rent are rising in White Pine County, up about 5.7% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in White Pine County, Nevada?
63.5% of households in White Pine County, Nevada own their home, higher than the Nevada average of 53.7%.
What is the vacancy rate in White Pine County, Nevada?
The housing vacancy rate in White Pine County, Nevada is 18.0%, higher than the Nevada average of 9.5%.