Total monthly cost of ownership
Cost to Own a Home in Smith Valley, Nevada
A $692,000 home here costs
$4,756per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,558. The real number is $1,199 higher every month — 34% 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.
Smith Valley against Lyon County and Nevada
| Measure | Smith Valley | Lyon County |
|---|---|---|
| Median home value | $691,900 | $342,600 |
| Median property tax | $3,731 | $1,585 |
| Effective tax rate | 0.539% | 0.463% |
| Median gross rent | — | $1,259 |
| Population | 1,618 | 60,630 |
The weather behind that power bill
Smith Valley sits in Lyon County, which averages a high of 93.4°F in its hottest month and a low of 21.8°F in its coldest, with 4.58" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 922 cooling and 5,090 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Lyon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lyon County
Common questions
How much does it cost to own a home in Smith Valley?
A $692,000 home in Smith Valley, Nevada costs approximately $4,756 per month with 20% down at 6.66%. That is $3,558 principal and interest, $311 property tax, $121 homeowners insurance, $190 utilities and $577 set aside for maintenance.
What is the property tax rate in Smith Valley?
Smith Valley has an effective property tax rate of 0.539%, based on a median home value of $691,900 and median real estate taxes of $3,731. That is higher than the Lyon County average of 0.463%.
What is the average home price in Smith Valley?
The median owner-occupied home value in Smith Valley, Nevada is $691,900, against $342,600 across Lyon County.
Is it cheaper to rent or buy in Smith Valley?
Rent data is not published for Smith Valley at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Smith 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.