Nevada Ranks 7th Nationally in Housing Burden

Buying a home has become increasingly expensive across the country, and Nevada is no exception, according to a new WalletHub analysis comparing housing costs to household income.

In Las Vegas, the median price of a single-family home reached $480,000 in March 2025, reflecting continued pressure on buyers in one of the nation’s fastest-growing housing markets.

WalletHub’s study examined mortgage payments and home energy costs in all 50 states, comparing them to each state’s median household income to determine where homeowners are the most financially burdened.

Nevada ranked No. 7 nationally, with residents spending an estimated 32.36% of their median monthly household income on housing-related costs.

The states where homeowners spend the highest share of income on housing were Hawaii, California, Massachusetts, Oregon, and Washington. Hawaii topped the list, with housing costs exceeding 50% of the median monthly income.