Las Vegas, NV variant. This is a Las Vegas, NV-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Las Vegas's $425,000 median home and 0.5% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Las Vegas
On the $425,000 median home with 20% down ($85,000), you'd finance $340,000. At 6.5% over 30 years, P&I ≈ $2,149/month.
Add Las Vegas's 0.5% property tax (≈ $177/month) plus insurance for the all-in payment.
About Las Vegas, NV
Las Vegas is in Nevada, a state with no personal income tax, which is a notable draw for residents and businesses.
Las Vegas home prices sit somewhat above the national average after years of strong population growth.
Las Vegas's economy is driven by tourism, gaming, and hospitality, with a cost of living close to the national average.
Worked example: $425,000 Las Vegas home
Loan $340,000 at 6.5% for 30 years → $2,149/mo P&I. Property tax ≈ $177/mo. Total before insurance ≈ $2,326/mo.
Quick reference
- Median home value: $425,000
- Median rent: $1,700/mo
- Median household income: $67,005
- Local sales tax: 8.375%
- Effective property tax rate: 0.5%
- Cost of living index: 102 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Las Vegas?
About $2,149/month P&I on the $425,000 median home with 20% down at 6.5%.
What is the property tax rate in Las Vegas?
About 0.5% of home value per year.