How Much Does It Cost to Buy a House in Nevada?

Kristy Snyder

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Kristy Snyder

October 6th, 2022
Updated October 6th, 2022

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Costs to buy a house in Nevada | Nevada closing costs | Nevada house buying calculator | Homeownership costs | How to save when buying a home in Nevada

The average home buyer in Nevada spends between $35,717 and $125,453 when purchasing a $454,158 home — the state median value.

Keep in mind, this is just the cost of buying a home. After you close, you'll still need to budget for all the ongoing costs of homeownership.

Luckily, Clever Real Estate can help make buying a home more affordable. Working with a Clever agent means you'll not only get great service from start to finish, but you could also be eligible for up to 0.5% cash back after closing. That's about $2,271 back on an average-priced home in Nevada!

💰Buying a home is expensive💰

Put money back in your pocket with Clever Cash Back. Clever will connect you with a top, local agent and send you a check after closing.

✅ Eligible buyers receive 0.5% cash back

✅ Work with a full-service realtor from a top broker

✅ Clever is 100% free, with zero obligation

Average cost to buy a house in Nevada

Expense
Amount
$4,542 to $13,625
$15,896 to $90,832
$4,153 to $6,230
$9,277
$300
$300
$1,250 to $4,890
Total
$35,717 to $125,453

Buyer closing costs in Nevada

While the other costs to buy a house in Nevada are pretty transparent, Nevada closing costs are a bit more nuanced. They're actually a series of smaller costs lumped together into one total. Here's a breakdown of all of the Nevada closing costs you'll likely pay when buying a home.

Closing cost
Amount
Closing fee
$454
Recording fee
$42
Title service fees
$512
Origination fee
$2,271
Underwriting fee
$600
Discount points
$3,633 per point
Lender's title insurance
$634
Owner's title insurance
$1,131
Prorated property tax
Varies
Transfer tax
Typically paid by seller
Total
$9,277

Keep in mind, closing costs are often negotiable. However, to win the negotiation battle, you'll need a great agent who can work out a deal with the seller. Clever can match you with a top agent in your area that can get the seller to shoulder more of the above costs.

Contact us at Clever for top agent recommendations.

Cost to buy a house in Nevada calculator

Ongoing costs of homeownership in Nevada

Unfortunately, the cost to buy a house is just the beginning. After closing, you'll officially own the home and begin paying for the ongoing costs of homeownership.

Expense
Average monthly cost
Mortgage (principle and interest)
$2,077
Homeowners insurance
$91
Taxes
Varies but averages $216 statewide
Maintenance
$377
Utilities
$381
Total
$3,143
Note: All numbers are estimates based on state averages and a median home value of $454,158 and a down payment of 20%.

Besides the expenses outlined above, you'll also want to consider private mortgage insurance (PMI) and homeowner's association (HOA) fees.

  • If you pay less than 20% as a down payment on your house, you'll probably have to pay PMI monthly until you get to 20% equity. For the average Nevada homeowner, this is between $198 to $669 a month.
  • Some neighborhoods have HOA fees for the care and maintenance of common areas. The national average is around $250 per month.

» MORE: The true cost of homeownership

Top ways to save money when buying a house in Nevada

1. Look into better financing options

Paying off debts and getting your credit in the best shape possible before applying for a loan will help you get a better interest rate, which will lower your monthly payments for the life of the loan.

You can also shop around to compare lenders so you get the lowest fees and interest rates available. It may be a good idea to enlist the help of a mortgage broker if you're not sure how to go about vetting lenders.

Get Pre-approved Today!

Get matched with a lender who can tell you how much house you can afford. To get started, where do you plan on buying?

2. Participate in home buyer programs Nevada

Nevada has a number of programs that make purchasing a house easier for home buyers. For instance, the Nevada Housing Division has its Home Is Possible (HIP) program, which offers first-time buyers interest-free down payment assistance (DPA) of up to 4% the total loan amount.

Meanwhile, the Nevada Rural Housing Authority offers the Home At Last Homeownership program, which can provide eligible buyers with DPA, refinancing, or a Mortgage Credit Certificate (MCC). There are also some regional programs available in the state — check the HUD website for more information.

» MORE: First-time home buyer programs everyone should know about

3. Partner with an expert agent

Some real estate companies, like Clever, offer home buyers a percentage of their home's price back after the sale finalizes.

That means if you work with a Clever agent, you'll not only get the expertise that helps you get the best deal possible — you could also get up to 0.5% of your home price back after closing!

Get rewarded for buying a home with Clever Cash Back

Working with Clever connects you with top agents in your area, but you also may qualify for 0.5% back on your purchase. For a $350,000 home, you could get up to $1,750.

You could use this money for home repairs, new furniture, or even a vacation!

Fill out the form below and get started now.

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