Total monthly cost of ownership
Cost to Own a Home in McGill, Nevada
A $96,000 home here costs
$860per 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 $37,000 a year.
A standard mortgage calculator would have told you $523. The real number is $337 higher every month, 64% more than the payment most buyers budget for.
Compare White Pine County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for McGill from a five-year rolling sample, and with about 1,043 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 White Pine 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.
McGill against White Pine County and Nevada
| Measure | McGill | White Pine County |
|---|---|---|
| Median home value | $96,300 | $196,700 |
| Median property tax | $645 | $968 |
| Effective tax rate | 0.670% | 0.492% |
| Median gross rent | $1,661 | $933 |
| Population | 1,043 | 8,856 |
The weather behind that power bill
McGill sits in White Pine County, which averages a high of 89.4°F in its hottest month and a low of 11.7°F in its coldest, with 9.41" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 298 cooling and 7,167 heating degree days, which is what sets the $118 electricity line above.
See the full climate breakdown for White Pine County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in White Pine County
Full White Pine County cost breakdown · Every county in Nevada
Talk to someone who works this market
These are McGill 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 McGill every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in McGill I already own here and may sell
Common questions
How much does it cost to own a home in McGill?
A $96,000 home in McGill, Nevada costs approximately $860 per month with 20% down at 7.24%. That is $523 principal and interest, $54 property tax, $17 homeowners insurance, $186 utilities and $80 set aside for maintenance.
What is the property tax rate in McGill?
McGill has an effective property tax rate of 0.670%, based on a median home value of $96,300 and median real estate taxes of $645. That is higher than the White Pine County average of 0.492%.
What is the average home price in McGill?
The median owner-occupied home value in McGill, Nevada is $96,300, against $196,700 across White Pine County.
Is it cheaper to rent or buy in McGill?
Median gross rent in McGill is $1,661 a month, against $860 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in McGill?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in McGill, Nevada at today's rate takes a household income of roughly $37,000 a year. That covers the full $860 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for McGill, 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.