NEVADA HOME AFFORDABILITY CALCULATOR

How Much House Can You Afford in Nevada?

Calculate your home buying power based on income, debts, down payment, and current Nevada mortgage rates. Get instant results tailored to Las Vegas, Reno, and Henderson markets.

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Instant Results
Real-time calculation
Nevada Markets
LV, Reno, Henderson

Nevada Housing Market Stats (2025)

Median Home Price (Las Vegas)
$445,000
Average Interest Rate
6.75%
Recommended DTI Ratio
43%

Calculate Your Buying Power

Car loans, credit cards, student loans, etc.
Most lenders require 43% or below
You Can Afford
$450,000
Estimated Monthly Payment
$2,850
Loan Amount
$410,000
Your DTI Ratio
38%
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Understanding Your Affordability Results

Here's what these numbers mean and how to use them when shopping for your Nevada home

Maximum Home Price

This is the highest purchase price you can afford based on your income, debts, and down payment. It keeps your debt-to-income ratio within lender guidelines (typically 43%).

Nevada Tip: In competitive markets like Las Vegas and Reno, pre-approval at this price point shows sellers you're a serious buyer.

Monthly Payment Breakdown

Your estimated monthly payment includes principal, interest, property taxes (Nevada avg 0.84%), and homeowners insurance. This is your total housing cost.

Principal & Interest: ~65%
Property Tax: ~20%
Insurance & HOA: ~15%

Debt-to-Income Ratio (DTI)

This percentage shows how much of your monthly income goes toward debt payments (including the new mortgage). Most conventional loans require 43% or below.

Lower DTI = Better Rates
Under 36% DTI often qualifies you for better interest rates and terms.

Next Steps for Nevada Buyers

  • Get pre-approved to strengthen your offer
  • Research Nevada down payment assistance programs
  • Connect with a local Nevada real estate agent
  • Start shopping within your approved price range
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