Total monthly cost of ownership
Cost to Own a Home in Indian Hills, Nevada
A $470,000 home here costs
$3,423per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $146,500 a year.
A standard mortgage calculator would have told you $2,562. The real number is $861 higher every month, 34% more than the payment most buyers budget for.
Compare Douglas County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Indian Hills against Douglas County and Nevada
| Measure | Indian Hills | Douglas County |
|---|---|---|
| Median home value | $469,700 | $587,400 |
| Median property tax | $2,404 | $2,649 |
| Effective tax rate | 0.512% | 0.451% |
| Median gross rent | $1,417 | $1,545 |
| Population | 5,772 | 49,624 |
The weather behind that power bill
Indian Hills sits in Douglas County, which averages a high of 91.2°F in its hottest month and a low of 18.7°F in its coldest, with 9.34" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 385 cooling and 5,805 heating degree days, which is what sets the $118 electricity line above.
See the full climate breakdown for Douglas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Douglas County
Talk to someone who works this market
These are Indian Hills averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Indian Hills every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Indian Hills I already own here and may sell
Common questions
How much does it cost to own a home in Indian Hills?
A $470,000 home in Indian Hills, Nevada costs approximately $3,423 per month with 20% down at 7.24%. That is $2,562 principal and interest, $201 property tax, $82 homeowners insurance, $186 utilities and $392 set aside for maintenance.
What is the property tax rate in Indian Hills?
Indian Hills has an effective property tax rate of 0.512%, based on a median home value of $469,700 and median real estate taxes of $2,404. That is higher than the Douglas County average of 0.451%.
What is the average home price in Indian Hills?
The median owner-occupied home value in Indian Hills, Nevada is $469,700, against $587,400 across Douglas County.
Is it cheaper to rent or buy in Indian Hills?
Median gross rent in Indian Hills is $1,417 a month, against $3,423 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Indian Hills?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Indian Hills, Nevada at today's rate takes a household income of roughly $146,500 a year. That covers the full $3,423 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Indian Hills, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Nevada.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.