Total monthly cost of ownership
Cost to Own a Home in Tonopah, Nevada
A $182,000 home here costs
$1,374per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $936. The real number is $438 higher every month — 47% 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.
Tonopah against Nye County and Nevada
| Measure | Tonopah | Nye County |
|---|---|---|
| Median home value | $182,000 | $266,000 |
| Median property tax | $776 | $1,256 |
| Effective tax rate | 0.426% | 0.472% |
| Median gross rent | $845 | $1,013 |
| Population | 1,938 | 53,207 |
The weather behind that power bill
Tonopah sits in Nye County, which averages a high of 92.4°F in its hottest month and a low of 20.4°F in its coldest, with 4.79" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 894 cooling and 5,268 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Nye County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nye County
Common questions
How much does it cost to own a home in Tonopah?
A $182,000 home in Tonopah, Nevada costs approximately $1,374 per month with 20% down at 6.66%. That is $936 principal and interest, $65 property tax, $32 homeowners insurance, $190 utilities and $152 set aside for maintenance.
What is the property tax rate in Tonopah?
Tonopah has an effective property tax rate of 0.426%, based on a median home value of $182,000 and median real estate taxes of $776. That is lower than the Nye County average of 0.472%.
What is the average home price in Tonopah?
The median owner-occupied home value in Tonopah, Nevada is $182,000, against $266,000 across Nye County.
Is it cheaper to rent or buy in Tonopah?
Median gross rent in Tonopah is $845 a month, against $1,374 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 Tonopah — 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.