<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1955936548054264&amp;ev=PageView&amp;noscript=1">
Nevada-States-Banner

Key Takeaways for Nevada Home Buyers:

Here's what you need to know to get started if you’re looking at buying in the Silver State.

Average Home Prices in Nevada

As of September 2025, the median sale price for a single-family home in Nevada is $445,669.

Average home price:

  • Las Vegas: $426,948
  • Reno: $558,136
  • Carson City: $487,383
  • Henderson: $487,110

Source: zillow.com/home-values

Average Home Size in Nevada

The average size for a single-family home in Nevada is approximately 1,831 square feet.

Average home size:

  • Las Vegas: 1,796 square feet
  • Reno: 1,974 square feet
  • Carson City: 1,831 square feet
  • Henderson: 1,796 square feet

Source: https://fred.stlouisfed.org/

Nevada State Taxes

  • Nevada has a base state sales tax rate is 6.85%, with combined state and local rates averaging around 8.24%.
  • Nevada does not levy a state income tax, making it one of the most tax-friendly states for residents and home buyers.
  • Nevada’s property taxes are among the lowest in the nation, with an average effective rate of roughly 0.44% to 0.50% on owner-occupied homes.

How Much Can You Afford in Nevada?

Recommended
Monthly Payment:
$750.00

affordability graph legend
$750.00
$1050
$1350

Affordable Home Prices With Your Recommended Payment

$107,844.08 house with $9,804.01 down. (10%)

$117,648.09 house with $19,608.02 down. (20%)

$127,452.10 house with $29,412.02 down. (30%)

These examples use the loan term provided and assume a fixed-rate mortgage with an interest rate of 6%.

Nevada Down Payment Assistance Programs

National Homebuyers Fund FHA Program

This down payment assistance program helps buyers get into a home with little to no upfront cost, offering up to 101.5% financing through an FHA first mortgage and a second lien.

purchase-g-radio
More about this program
  • FHA loan covers 96.5% of the purchase price
  • Second lien covers 3.5% or 5% for down payment or closing costs
  • Minimum credit score: 600 (660 for manual underwriting)
  • No first-time buyer requirement
  • No max DTI with DU/LP approval
  • Homebuyer education required (Fannie Mae HomeView – free online)
  • Non-occupant co-borrowers allowed
  • Eligible properties: Single-family homes, duplexes (2 units), PUDs, condos (agency approved), townhomes, manufactured homes allowed (except single-wides)

National Community Lending Program

This program supports low- to moderate-income buyers with down payment assistance and flexible financing to make homeownership more accessible.

purchase-g-radio
More about this program
  • 30-year fixed-rate conventional mortgage
  • Second lien offers up to 4% for down payment assistance
  • Max LTV/CLTV: 97% / 105%
  • Income limit: Up to 140% of area median income (AMI)
  • Minimum credit score: 660
  • DTI: Lesser of 50% or AUS approval
  • Eligible properties: Single-family detached or attached homes, single-family homes with accessory units (must be zoned single-family), PUDs and condominiums, rural properties (must be residential in nature)

Nevada Home Is Possible (HIP) for First-Time Homebuyers Program

The Nevada Housing Division’s Home Is Possible program helps first-time buyers with interest-free down payment assistance and a competitive fixed rate, making it easier to purchase a home anywhere in the state.

purchase-g-radio
More about this program

Program Highlights

  • Provides up to 4% of the total loan amount for down payment and closing costs
  • 30-year, interest-free, non-forgivable assistance
  • Fixed-rate, 30-year mortgage with competitive rates
  • Available statewide through participating lenders
  • Must be a first-time home buyer (no home ownership in the past 3 years)
  • Minimum 640 credit score and maximum 50% DTI (varies by loan type)
  • Must complete a home buyer education course and occupy the home as a primary residence

Nevada Home Is Possible (HIP) Program

The Nevada Housing Division’s Home Is Possible program helps make homeownership more attainable for Nevadans — whether it’s your first home or your next one. With flexible eligibility, statewide access, and assistance toward down payment or closing costs, this program expands buying power for a wide range of borrowers.

purchase-g-radio
More about this program

Program Highlights

  • Offers up to 5% of the loan amount for down payment or closing costs
  • 30-year fixed-rate mortgage with competitive interest rates
  • No first-time home buyer requirement
  • Available statewide, including for manufactured homes
  • Income limit: up to $165,000 and home price limit: up to $806,500
  • Minimum credit score: 640 (680 for manufactured homes)
  • Maximum DTI: 50% (varies by loan type and credit score)
  • Must complete a home buyer education course and occupy the home as a primary residence

Nevada Home Is Possible (HIP) for Teachers Program

The Nevada Housing Division created the Home Is Possible for Teachers program to thank Nevada’s educators for their commitment to students and communities. This statewide program provides forgivable down payment assistance and affordable home financing exclusively for licensed full-time K–12 public school teachers.

purchase-g-radio
More about this program

Program Highlights

  • $7,500 toward down payment and closing costs
  • Forgivable after five years if the home remains your primary residence
  • 30-year fixed-rate mortgage with competitive interest rates
  • Available statewide — no first-time home buyer requirement
  • Income limit: up to $165,000
  • Home price limit: up to $806,500
  • Minimum credit score: 640 (680 for manufactured homes)
  • Maximum DTI: 50% (varies by loan type and score)
  • Must complete a home buyer education course and meet standard underwriting requirements

Nevada Home Is Possible (HIP) for Heroes Program

The Home Is Possible for Heroes program is designed specifically for veterans, active-duty military, National Guard members, and surviving spouses. This program offers additional savings and enhanced affordability to help Nevada’s heroes achieve homeownership.

purchase-g-radio
More about this program

Program Highlights

  • Up to 5% assistance toward down payment or closing costs
  • VA or USDA loans only
  • Qualifying income: below $98,500
  • Home price limit: below $484,350
  • Minimum credit score: 640
  • One-time fee: $675 (paid at closing)
  • Must live in the home as a primary residence and complete home buyer education
  • Available to honorably discharged veterans, active-duty personnel, National Guard members, and surviving spouses

Churchill Mortgage is an approved lender for these down payment assistance programs. Contact us today to see if you qualify!

Frequently Asked Questions

Check our FAQs for responses to our most popular questions from Nevada home buyers.

Cash 1
How Much Should I Budget for Closing Costs in Nevada?

Closing costs in Nevada usually range from 2% to 5% of the home’s purchase price. These costs may include fees for appraisals, inspections, title insurance, and lender charges. Your loan officer can give you a personalized estimate based on your purchase.

For example, on a $300,000 home, buyers can expect to pay between $6,000 and $15,000 in closing costs. 

Bank
What Are the Most Popular Home Loan Types in Nevada?

The most common loans among Nevada buyers are:

  • Conventional Loans – Flexible terms with competitive interest rates. Often preferred by buyers with strong credit and larger down payments, though options with as little as 3% down are available.

  • FHA Loans – Backed by the Federal Housing Administration, these are popular with first-time buyers. They allow lower credit scores and down payments starting at 3.5%.

  • VA Loans – Available to eligible veterans, active-duty service members, and surviving spouses. VA loans require no down payment and no private mortgage insurance (PMI).

  • USDA Loans – Designed for qualifying buyers in rural and suburban areas. These loans also offer no down payment and reduced mortgage insurance costs.

  • Nevada Housing Division (NHD) Programs – Through its Home Is Possible suite of programs, NHD offers down payment and closing cost assistance up to 5% of the loan amount with affordable, fixed-rate mortgages. Options include Home Is Possible for First-Time Buyers, Home Is Possible for All Buyers, Home Is Possible for Teachers, and Home Is Possible for Heroes, helping Nevadans statewide make homeownership more attainable.
Collaboration
How Can I Find a Trusted Local Nevada Realtor to Work With?

Churchill Mortgage's experienced Home Loan Specialists work closely with a network of trusted, local real estate agents across the state of Nevada. Just ask for a referral and we'll provide you with a professional who is committed to finding the right home for you.

Search 3
How Do Schools Rank in Nevada?

Nevada’s public schools show a wide range of performance across the state, with some districts and individual schools earning consistently high marks for academics, student outcomes, and overall excellence.

Reviews from Nevada Home Buyers

★ ★ ★ ★ ★

"Jeremy is one of the most responsible, efficient, knowledgeable, friendly and professional persons I had the pleasure and privilege to deal with. Can't thank Jeremy enough for his role in our home buying experience!"

Eyal V.
Henderson, NV
★ ★ ★ ★ ★

"Jeremy worked hard to ensure that I would close on a shortened closing date. He was able to beat a competitor by 1% on the mortgage rate, keeping the closing costs the same all while keeping a very composed demeanor. I will be recommending Jeremy and his team to anyone looking for a house, and when the time comes to buy an additional house, I’ll be a returning customer."

William J.
Las Vegas, NV
★ ★ ★ ★ ★

"We were new to this whole process and Jeremy really took the time to explain everything. He put together videos to help breakdown and explain the numbers we were looking at. We couldn't have asked for a better experience, and we thank Jeremy and his team for that!"

Alesha R.
Las Vegas, NV

4.9 / 5

gold star gold star gold star gold star gold star

Top Rated Mortgage Lender

Served over 100,000+ happy homeowners!

ramseytrusted-sig-logo_3491f689-ff96-41e5-aebe-117eca068dd6

Read More Reviews on Google!

Nevada Branch Locations

Las Vegas, NV

(702) 420-2931

Visit the Branch Website

Las Vegas, NV

Churchill Loan Officers in Nevada

Conforming and high balance allowed. Cooperative housing not eligible. Not all applicants will qualify. Not a commitment to lend. Other restriction or limitations to any program may apply.

This calculator is being provided for educational purposes only. The provided values for interest rates are examples only and do not reflect Churchill Mortgage Product terms & offers. The results are estimates that are based on information you provided and may not reflect Churchill Mortgage Product terms. The information cannot be used by Churchill Mortgage to determine a customer's eligibility for a specific product or service. All financial calculators are provided by a third-party and are not controlled by or under the control of Churchill Mortgage. Churchill Mortgage is not responsible for the content, results, or the accuracy of information.

These calculations are hypothetical examples designed to for illustration purposes only. Consult a Home Loan Specialist for more specific information regarding payments, terms, etc.

As a responsible lender, Churchill Mortgage is committed to the principles outlined in federal and state lending laws ensuring all potential borrowers have access to the same information, services, and opportunities throughout the home loan process.