Total monthly cost of ownership
Cost to Own a Home in Las Vegas, Nevada
A $395,000 home here costs
$2,784per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,031. The real number is $754 higher every month — 37% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Las Vegas against Clark County and Nevada
| Measure | Las Vegas | Clark County |
|---|---|---|
| Median home value | $395,300 | $400,800 |
| Median property tax | $1,985 | $1,990 |
| Effective tax rate | 0.502% | 0.497% |
| Median gross rent | $1,456 | $1,518 |
| Population | 650,873 | 2,293,764 |
The weather behind that power bill
Las Vegas sits in Clark County, which averages a high of 103.8°F in its hottest month and a low of 38.0°F in its coldest, with 3.99" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 3,407 cooling and 1,992 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Clark County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clark County
Common questions
How much does it cost to own a home in Las Vegas?
A $395,000 home in Las Vegas, Nevada costs approximately $2,784 per month with 20% down at 6.66%. That is $2,031 principal and interest, $165 property tax, $69 homeowners insurance, $190 utilities and $329 set aside for maintenance.
What is the property tax rate in Las Vegas?
Las Vegas has an effective property tax rate of 0.502%, based on a median home value of $395,300 and median real estate taxes of $1,985. That is in line with the Clark County average of 0.497%.
What is the average home price in Las Vegas?
The median owner-occupied home value in Las Vegas, Nevada is $395,300, against $400,800 across Clark County.
Is it cheaper to rent or buy in Las Vegas?
Median gross rent in Las Vegas is $1,456 a month, against $2,784 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Las Vegas — 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.