Nye County, Nevada Housing Market
In Nye County, Nevada, the median home value is $290,900, with a median monthly rent of $1,181. This places Nye County at #671 nationally out of 3134 counties by median home value, and #9 within Nevada.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,438
- Establishments: 987
- BLS QCEW, 2025
Migration Patterns
- Inflow: 20,071 (avg $65,657)
- Outflow: 17,600 (avg $64,855)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Nye County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 89048 | 253.7 | +0.44% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Nye County Compares
| Metric | Nye County | Nevada Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $290,900 | $306,635 | $227,706 |
| Median Gross Rent | $1,181 | $1,169 | $968 |
| Owner Occupancy Rate | 77.8% | 73.0% | 73.3% |
| Price/Rent Ratio | 20.5 | 21.2 | 18.7 |
Market Analysis
The median home value in Nye County is 5.1% below the Nevada state average and 27.8% above the U.S. national average. The median rent of $1,181/month is 1.0% above the state average.
With a price-to-rent ratio of 20.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Nye County has an owner-occupancy rate of 77.8%, compared to 73.0% in Nevada and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Tompkins County | New York | $290,900 | $1,411 |
| Becker County | Minnesota | $291,000 | $920 |
| Pueblo County | Colorado | $291,300 | $1,111 |
| Caroline County | Maryland | $290,100 | $1,105 |
| Uinta County | Wyoming | $290,000 | $900 |
Other Counties in Nevada
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Elko County | $301,400 | $1,164 | 71.4% |
| Humboldt County | $278,300 | $994 | 74.0% |
| Churchill County | $329,900 | $1,319 | 69.9% |
| White Pine County | $220,000 | $937 | 75.4% |
| Lincoln County | $219,500 | $919 | 75.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).