Nevada First-Time Homebuyer Report for October

Nevada ranks as the fastest growing city in Texas at a 10-year growth rate of 54.4%. However, its population only ranks 1,048th in size with 822 people. Homes in Nevada are of moderate age with a median age of 18 years. Heading the list of top schools in the city is Community Middle School.

Price Range

The median value of homes in Nevada is $119,100, making it one of the most valuable areas in Texas. At the same time, the average list price of available homes is presently $70,700. Typically, Nevada accounts for 0.3 sales per month. This time sellers weren't able to find buyers for their properties, resulting in yet another 30 day period of no sales.

Typical Dwelling

A three-bedroom detached home valued around $171,600 is considered a typical dwelling in Nevada. If a buyer was looking for a similar home, they would need good credit and a $34,320 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $238 and the property tax rate is $19.83 per $1,000 of taxable assessed value.

Get started right now by checking out Nevada homes for sale or reviewing Nevada real estate trends.


Data reported through 10/13/2016

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