Total monthly cost of ownership
Cost to Own a Home in Lemmon Valley, Nevada
A $357,000 home here costs
$2,608per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $112,000 a year.
A standard mortgage calculator would have told you $1,977. The real number is $630 higher every month, 32% more than the payment most buyers budget for.
Compare Washoe County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lemmon Valley from a five-year rolling sample, and with about 4,385 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Washoe County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lemmon Valley against Washoe County and Nevada
| Measure | Lemmon Valley | Washoe County |
|---|---|---|
| Median home value | $356,700 | $496,600 |
| Median property tax | $1,002 | $2,297 |
| Effective tax rate | 0.281% | 0.463% |
| Median gross rent | — | $1,507 |
| Population | 4,385 | 491,770 |
The weather behind that power bill
Lemmon Valley sits in Washoe County, which averages a high of 95.2°F in its hottest month and a low of 16.3°F in its coldest, with 7.72" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 805 cooling and 5,702 heating degree days, which is what sets the $119 electricity line above.
See the full climate breakdown for Washoe County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washoe County
Talk to someone who works this market
These are Lemmon Valley 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 Lemmon Valley every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lemmon Valley I already own here and may sell
Common questions
How much does it cost to own a home in Lemmon Valley?
A $357,000 home in Lemmon Valley, Nevada costs approximately $2,608 per month with 20% down at 7.4%. That is $1,977 principal and interest, $84 property tax, $62 homeowners insurance, $187 utilities and $298 set aside for maintenance.
What is the property tax rate in Lemmon Valley?
Lemmon Valley has an effective property tax rate of 0.281%, based on a median home value of $356,700 and median real estate taxes of $1,002. That is lower than the Washoe County average of 0.463%.
What is the average home price in Lemmon Valley?
The median owner-occupied home value in Lemmon Valley, Nevada is $356,700, against $496,600 across Washoe County.
Is it cheaper to rent or buy in Lemmon Valley?
Rent data is not published for Lemmon Valley at this level of detail.
What salary do you need to buy a home in Lemmon Valley?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lemmon Valley, Nevada at today's rate takes a household income of roughly $112,000 a year. That covers the full $2,608 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lemmon Valley, 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.