Nevada Home Prices & Values

$189,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 16.4% 1-year change
  • 6.2% 1-year forecast

The median home value in Nevada is $189,700. Nevada home values have gone up 16.4% over the past year and Zillow predicts they will rise 6.2% within the next year. The median list price per square foot in Nevada is $116. The median price of homes currently listed in Nevada is $215,000 while the median price of homes that sold is $198,475. The median rent price in Nevada is $1,195.

Foreclosures will be a factor impacting home values in the next several years. In Nevada 7.9 homes are foreclosed (per 10,000). This is greater than the national value of 4.3

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 11.4%, which is higher than the national value of 6.9%. 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 26.3%.

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Relative ZHVI
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Nevada Market Overview

Data through Aug 31, 2014
  • $189,700 ZHVI
  • 6.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $215,000 Median listing price
  • $198,475 Median sale price
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Nevada Market Health

Data through Aug 31, 2014
  • 0.9/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No recent data Average days on Zillow
  • 26.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 11.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

7.9 homes Nevada
4.3 homes United States
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Cities in Nevada

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Gardnerville $244,100 Henderson $234,100 Reno $212,900
Sparks $212,600 Carson City $192,800 Las Vegas $176,300
North Las Vegas $167,100 Pahrump $152,700 Fernley $144,200

Listings & Sales

Data through Aug 31, 2014
  • $116 Median list price / sq ft
  • $115 Median sale price / sq ft
  • 32.4% Listings with price cut
24.1%
Sold below listing
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Nevada Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,202 Nevada
$1,328 United States
  • No data Breakeven horizon
  • $1,195 Rent list price
  • $0.75 Rent list price / sq ft
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