Mortgage on a $200K house in Nevada
$1,255 a month with 20% down — $1,076 principal and interest plus $79 property tax and $100 insurance.
Nevada's typical property tax is 0.47% of the home's value a year (U.S. average 0.9%), which adds $79 a month on a $200K home. The typical home in Nevada is worth $440,739, so $200K is 55% below the typical price.
$200K home in Nevada: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $179 | $1,255 | $53,800 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $179 | $1,465 | $62,800 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $179 | $1,536 | $65,800 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $179 | $1,588 | $68,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.47% 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.
Where in Nevada does $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| White Pine County | $184,070 | 0.51% | $1,260 |
| Lincoln County | $227,121 | 0.51% | $1,262 |
| Pershing County | $228,049 | 0.62% | $1,279 |
3 of 16 Nevada counties tracked by Zillow have a typical home value at or below $200K. See all Nevada home prices.
Other prices in Nevada
Frequently asked questions
What is the mortgage on a $200K house in Nevada?
About $1,255 a month with 20% down at 7.11%: $1,076 principal and interest, $79 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Nevada?
About $53,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Nevada?
At Nevada's typical effective rate of 0.47%, about $946 a year. Rates vary by county and city — see the county pages.