Total monthly cost of ownership
Cost to Own a Home in Paradise, Nevada
A $358,000 home here costs
$2,518per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,840. The real number is $678 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.
Paradise against Clark County and Nevada
| Measure | Paradise | Clark County |
|---|---|---|
| Median home value | $358,400 | $400,800 |
| Median property tax | $1,519 | $1,990 |
| Effective tax rate | 0.424% | 0.497% |
| Median gross rent | $1,287 | $1,518 |
| Population | 186,178 | 2,293,764 |
The weather behind that power bill
Paradise 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 Paradise?
A $358,000 home in Paradise, Nevada costs approximately $2,518 per month with 20% down at 6.66%. That is $1,840 principal and interest, $126 property tax, $63 homeowners insurance, $190 utilities and $298 set aside for maintenance.
What is the property tax rate in Paradise?
Paradise has an effective property tax rate of 0.424%, based on a median home value of $358,400 and median real estate taxes of $1,519. That is lower than the Clark County average of 0.497%.
What is the average home price in Paradise?
The median owner-occupied home value in Paradise, Nevada is $358,400, against $400,800 across Clark County.
Is it cheaper to rent or buy in Paradise?
Median gross rent in Paradise is $1,287 a month, against $2,518 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 Paradise — 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.