Nevada
Ranked #42 of 51 for housing affordability
Median Home Price
🏠$441K
5.78x income
Median Rent
🔑$1,622
36.0% rent-burdened
Median Income
💰$76K
Population: 3,177,772
Homeownership
🏡60.0%
8,527 experiencing homelessness
Housing Shortage
📉85,000
units needed
Building Permits (2024)
🔨19,994
Price-to-Income
📊5.78x
Severe Rent Burden
⚠️17.5%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($1719) is above the state median rent ($1622) — vouchers cover typical rents.
Metros in Nevada
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Las Vegas | 35 | $438K | $1,654 | $75K | 36.5% |
| Reno | 32 | $510K | $1,615 | $84K | 35.0% |
| Carson City | 58 | $455K | $1,322 | $73K | 29.4% |
Market Trends
Homeownership Rate
60.0%
Rent-to-Income Ratio
25.0%
of gross income spent on rent
Total Households
1,224,685
Owner-Occupied
740,187
Renter-Occupied
484,498
Homelessness
Latest Count (2024)
10,106
1-Year Change
+16.6%
10-Year Trend (2015–2024)
+15.6%
8,743 → 10,106
Housing Policies
Construction Activity
Total Permits (2024)
19,994
1.4% of national total
Single-Family
15,485
77% of state permits
Multi-Family
4,509
23% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
85,000
units needed
National Shortage
7,300,000
1.2% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
Nevada burden rates with national demographic breakdown
Cost-Burdened Renters
36.0%
paying >30% of income
Severely Burdened
17.5%
paying >50% of income
Households >30% Burden
136,896
Households >35% Burden
29,250