Housing Comparison
California
Nevada
How California and Nevada compare on housing: median housing value, median gross rent, median monthly owner costs with mortgage, and more.
Overview
Key differences
Median Housing Value
Nevada has lower median home values than California by $312,100.
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Median Gross Rent
Nevada has lower median rent than California by $530.
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Median Monthly Owner Costs With Mortgage
Nevada has lower owner costs with a mortgage than California by $993.
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Owner Costs Without Mortgage
Nevada has lower owner costs without a mortgage than California by $248.
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Homeownership Rate
Nevada has a higher homeownership rate than California.
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Home Value to Income Ratio
Nevada has a lower home value to income ratio than California.
View detailed comparisonFull Housing Breakdown
| Metric |
CA
|
NV
|
|---|---|---|
|
Median Housing Value
|
$693,700
|
$381,600
|
|
Median Gross Rent
|
$1,856/mo
|
$1,326/mo
|
|
Median Monthly Owner Costs With Mortgage
|
$3,001/mo
|
$2,008/mo
|
|
Owner Costs Without Mortgage
|
$882/mo
|
$634/mo
|
|
Homeownership Rate
|
55.8%
|
59.7%
|
|
Home Value to Income Ratio
|
8.25x
|
5.28x
|
|
Rent to Income Ratio
|
26.5%
|
22.0%
|
|
Owner Costs to Income
|
21.0%
|
18.1%
|
|
Home Insurance Cost
|
$1,348/yr
|
$1,212/yr
|