“The Silver State,” Nevada, has world-class resorts, stunning natural wonders like Red Rock Canyon and Lake Tahoe, offering a unique blend of excitement and natural splendor to its residents. If you’re considering living somewhere in Nevada then chances are you also have a budget you’re hoping to stay under in your home or apartment search. As of July, the median home sale price in Nevada is $428,100.
Don’t worry if that price doesn’t fit in your budget – we’ve got options to help you find a home or apartment that does. Redfin has collected a list of the 5 of the most affordable places to live in Nevada. And they all have a median home sale price under the state’s average. From Sunrise Manor to Carson City, let’s jump in and see what cities are on the list.
#1: Sunrise Manor
Median home price: $330,000
Average sale price per square foot: $217
Median household income: $44,641
Nearest major metro: Las Vegas (7 miles)
Sunrise Manor, NV homes for sale
Sunrise Manor, NV apartments for rent
With a median home sale price of $330,000, Sunrise Manor lands the number one spot on our list as the most affordable place to live in Nevada. There are about 205,600 residents living in this mid-sized city, located just outside of Las Vegas. Living in Sunrise Manor, you can hike Frenchman Mountain where you’ll find views of the city, golf at one of the courses, and spend the day out exploring the area.
#2: Paradise
Median home price: $345,000
Average sale price per square foot: $235
Median household income: $48,032
Nearest major metro: Las Vegas (12 miles)
Paradise, NV homes for sale
Paradise, NV apartments for rent
Taking the second spot on our list of affordable cities to live in Nevada is Paradise. When living in this city of 191,200 people, you can take in the views at Sunset Park, or head into downtown Las Vegas to check out the shops and restaurants.
#3: Spring Valley
Median home price: $390,000
Average sale price per square foot: $240
Median household income: $60,814
Nearest major metro: Las Vegas (11 miles)
Spring Valley, NV homes for sale
Spring Valley, NV apartments for rent
Third is Spring Valley where about 215,600 residents currently live. The median home sale price in Spring Valley is $390,000 which is about $40K less than the median home sale price in Nevada. Make sure to spend the day outside at Cowabunga Canyon Waterpark, or head out to Red Rock Canyon National Conservation Area if you move to the third most affordable city.
#4: North Las Vegas
Median home price: $399,900
Average sale price per square foot: $221
Average rent for a 1-bedroom apartment: $1,475
Median household income: $48,032
Nearest major metro: Las Vegas (12 miles)
North Las Vegas, NV homes for sale
North Las Vegas, NV apartments for rent
A little more expensive than Spring Valley is none other than North Las Vegas. About 262,500 people live in North Las Vegas, where there are plenty of unique activities to do. Be sure to head just outside of the city limits to Nellis Dunes, explore the shops and restaurants downtown, or visit one of the parks in the area.
#5: Carson City
Median home price: $425,000
Average sale price per square foot: $298
Average rent for a 1-bedroom apartment: $1,680
Median household income: $48,032
Nearest major metro: Reno (35 miles)
Carson City, NV homes for sale
Carson City, NV apartments for rent
Another great affordable city to consider moving to is Carson City. Home to 58,600 residents, this affordable town can be a great option to add to your list. In Carson City, you can spend the afternoon on Lake Tahoe’s east shores, hike to Kings Canyon Waterfalls, and visit the state capitol, historic sites, and museums in the heart of Carson City.
Methodology: All cities must have over 50,000 residents per the US Census and have a median home sale price under the average median home sale price in Nevada. Median home sale price and median sale price per square foot from the Redfin Data Center during July 2023. Average rental data from Rent.com July 2023. Population and median household income data sourced from the United States Census Bureau.
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