Rent vs Buy in Nevada
Compare 7 cities across Nevada. Find out whether renting or buying makes more financial sense in your area.
7cities analyzed
Avg Home:$460,937
Avg Rent:$1,771/mo
Avg Price/Rent:21.6
Nevada Housing Market Summary
7
Cities Analyzed
0
Favor Buying
7
Favor Renting
0
Toss-Up
Across Nevada's 7 analyzed cities, the majority (7 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Nevada.
The average home price in Nevada is $460,937, with average rents at $1,771/month. This gives an average price-to-rent ratio of 21.6.
$Most Affordable Cities
$$Most Expensive Cities
All Nevada Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Las Vegas | $426,818.08 | $1,738.82 | 20.5 | N/A | Rent |
| Henderson | $426,818.08 | $1,738.82 | 20.5 | N/A | Rent |
| Reno | $553,733.17 | $1,929.14 | 23.9 | N/A | Rent |
| North Las Vegas | $426,818.08 | $1,738.82 | 20.5 | N/A | Rent |
| Sparks | $553,733.17 | $1,929.14 | 23.9 | N/A | Rent |
| Carson City | $479,561.59 | $1,821.31 | 21.9 | N/A | Rent |
| Elko | $359,077.6 | $1,501.25 | 19.9 | N/A | Rent |
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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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