Fernley, NV home prices
Typical home $420,661 · +3.7% in a year · income needed $112,900
The Fernley, NV metro area ranks 128 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.7% in a year and +9.4% over five years. With 20% down at 7.11%, the typical home costs about $2,634 a month including 0.46% property tax (Lyon County rate).
Mortgage on the typical Fernley home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $84,132 | $336,529 | $2,264 | $0 | $370 | $2,634 | $112,900 |
| 10% down | $42,066 | $378,595 | $2,547 | $158 | $370 | $3,075 | $131,800 |
| 5% down | $21,033 | $399,628 | $2,688 | $167 | $370 | $3,225 | $138,200 |
| 3.5% down (FHA) | $14,723 | $413,042 | $2,779 | $186 | $370 | $3,335 | $142,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.46% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Fernley area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lyon County, NV | $420,661 | +3.7% | 0.46% |
What can you afford in Nevada on your salary? · Nevada home prices · Salaries in Nevada
Frequently asked questions
How much is a house in Fernley?
The typical home in the Fernley, NV metro area is worth $420,661 (Zillow, September 2026).
What salary do you need to buy a house in Fernley?
About $112,900 a year for the typical home with 20% down at 7.11%.