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:$456,429
Avg Rent:$1,729/mo
Avg Price/Rent:22.1
Nevada Housing Market Summary
7
Cities Analyzed
0
Favor Buying
3
Favor Renting
4
Toss-Up
Across Nevada's 7 analyzed cities, the results are mixed with no clear winner statewide. Your decision depends heavily on which city you're considering.
The average home price in Nevada is $456,429, with average rents at $1,729/month. This gives an average price-to-rent ratio of 22.1.
$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 | $520,000 | $2,000 | 21.7 | 7 yrs | Toss-up |
| Henderson | $485,000 | $2,000 | 20.2 | 7 yrs | Toss-up |
| Reno | $485,000 | $1,800 | 22.5 | 11 yrs | Rent |
| North Las Vegas | $475,000 | $1,750 | 22.6 | 17 yrs | Rent |
| Sparks | $385,000 | $1,500 | 21.4 | 7 yrs | Toss-up |
| Carson City | $440,000 | $1,450 | 25.3 | 17 yrs | Rent |
| Elko | $405,000 | $1,600 | 21.1 | 9 yrs | Toss-up |
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Run Your Own Numbers
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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