Nevada Lands C- on National Housing Affordability Scorecard

A new national assessment rates Nevada a C- for housing affordability, placing the state 34th among the 50 states. The report, released by Realtors.com, evaluates how easily residents can purchase homes based on financial and construction metrics.

Nevada received a composite score of 45.8 out of 100. The calculation weighs median listing prices against median household income, along with permitted building units, population size, and construction costs. The data shows a median listing price of $491,936 for homes in the state. That figure stands in stark contrast to a median household income of $74,821.

The report assigns Nevada an affordability score of 0.52, a metric where higher values indicate better access to housing. This low score suggests that a large portion of for-sale inventory remains out of financial reach for the typical local household. The gap between what homes cost and what families earn drives the state’s mid-tier national ranking.

Nevada is currently building more housing than its population share would predict. The state accounts for 1.30% of all U.S. building permits, despite holding only 0.96% of the national population. This high level of new construction does not fully offset the high price of existing homes.

New construction in Nevada carries an 18.5% premium over existing homes. Buyers purchasing brand-new properties typically pay that percentage more than those buying established houses. This cost factor contributes to the overall affordability challenges identified in the report.