Total monthly cost of ownership
Cost to Own a Home in Lovelock, Nevada
A $150,000 home here costs
$1,254per 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 $53,500 a year.
A standard mortgage calculator would have told you $818. The real number is $436 higher every month, 53% more than the payment most buyers budget for.
Compare Pershing County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lovelock from a five-year rolling sample, and with about 1,611 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 Pershing 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.
Lovelock against Pershing County and Nevada
| Measure | Lovelock | Pershing County |
|---|---|---|
| Median home value | $149,700 | $166,200 |
| Median property tax | $1,179 | $1,159 |
| Effective tax rate | 0.788% | 0.697% |
| Median gross rent | $716 | $667 |
| Population | 1,611 | 6,505 |
The weather behind that power bill
Lovelock sits in Pershing County, which averages a high of 95.4°F in its hottest month and a low of 18.3°F in its coldest, with 8.32" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 691 cooling and 5,748 heating degree days, which is what sets the $118 electricity line above.
See the full climate breakdown for Pershing County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pershing County
Full Pershing County cost breakdown · Every county in Nevada
Talk to someone who works this market
These are Lovelock 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 Lovelock every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lovelock I already own here and may sell
Common questions
How much does it cost to own a home in Lovelock?
A $150,000 home in Lovelock, Nevada costs approximately $1,254 per month with 20% down at 7.24%. That is $818 principal and interest, $99 property tax, $26 homeowners insurance, $186 utilities and $125 set aside for maintenance.
What is the property tax rate in Lovelock?
Lovelock has an effective property tax rate of 0.788%, based on a median home value of $149,700 and median real estate taxes of $1,179. That is higher than the Pershing County average of 0.697%.
What is the average home price in Lovelock?
The median owner-occupied home value in Lovelock, Nevada is $149,700, against $166,200 across Pershing County.
Is it cheaper to rent or buy in Lovelock?
Median gross rent in Lovelock is $716 a month, against $1,254 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 Lovelock?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lovelock, Nevada at today's rate takes a household income of roughly $53,500 a year. That covers the full $1,254 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lovelock, 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.