Home Values

Nevada Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$198,600

  • 8.1% 1-year change
  • 5.1% 1-year forecast

The median home value in Nevada is $198,600. Nevada home values have gone up 8.1% over the past year and Zillow predicts they will rise 5.1% within the next year. The median list price per square foot in Nevada is None. The median rent price in Nevada is $1,195.

Foreclosures will be a factor impacting home values in the next several years. In Nevada 5.7 homes are foreclosed (per 10,000). This is greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Nevada is 9.6%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Nevada homeowners underwater on their mortgage is 23.0%.

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Relative ZHVI
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Nevada Market Overview

Data through May 31, 2015
  • $198,600 ZHVI
  • 5.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $214,300 Median sale price
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Nevada Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • 70 Average days on Zillow (Apr 30, 2015)
  • 23.0% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 9.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

5.7 homes Nevada
3.5 homes United States
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Cities in Nevada

Name Median ZHVI
Gardnerville $231,800
Henderson $225,300
Reno $208,000
Name Median ZHVI
Sparks $206,800
Carson City $184,100
Las Vegas $169,700
Name Median ZHVI
North Las Vegas $156,400
Pahrump $147,000
Fernley $135,400

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $122 Median sale price / sq ft
  • No data Listings with price cut
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Nevada Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,229 Nevada
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,195 Rent list price
  • $0.77 Rent list price / sq ft
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