Home Value Trail

States › Nevada

State

Nevada

15 counties with an index · 8 metro and micro areas · 106 ZIP codes · 21 permit-issuing places · 3,282,188 residents (2025 est.)

FHFA quarterly index through 2026 Q2Annual index 1975–2025Permits through August 2026
FHFA all-transactions house price index for Nevada, quarterly from 1975 to 2026 Q2, with the national index rebased to the same start and NBER recessions shadedRecession 1973–75Recession 1980Recession 1981–82Recession 1990–91Recession 2001Recession 2007–09Recession 2020020040060080019801990200020102020United States2026: 648
Nevada (100 = first year)United States, rebased to the same startNBER recession

FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The line is FHFA's standard quarterly all-transactions index; the comparison table uses FHFA's annual state index from the same family. The index does not give a dollar value for any home.

Nevada's FHFA house price index starts in 1975. Through 2025 it has risen +990.3%; over the ten years to 2025 the rise was +120.7% (+8.2% a year), well above the national +85.0%.

The quarterly index through 2026 Q2 is +2.5% on a year earlier and +1.2% on the quarter; nationally +3.0% and +1.1%.

The index peaked in 2006, fell −55.5% to 2012 and regained the peak in 2021; the national index fell −21.3% over 2007–2012.

15,357 housing units were authorised in Nevada in the 12 months to August 2026, 4.7 per 1,000 residents against 4.1 nationally; that is −10.2% on the previous 12 months. 15 counties, 8 metro and micro areas, 106 ZIP codes and 21 permit-issuing places in the state have their own pages.

+2.5%year to 2026 Q2, quarterly indexUS +3.0%
+2.2%1 year, 2024–2025US +2.8%
+48.7%5 yearsUS +47.0%
+120.7%10 years+8.2% a year annualised
+204.9%since 2000US +158.3%
15,357units permitted, 12 months4.7 per 1,000 residents · US 4.1

Same span, state and nation

Change in the FHFA indexNevadaUnited States
1 year (2024–2025)+2.2%+2.8%
5 years (2020–2025)+48.7%+47.0%
10 years (2015–2025)+120.7%+85.0%
20 years (2005–2025)+59.4%+79.1%
Since 2000+204.9%+158.3%
Since 1975+990.3%+960.7%
10-year annualised+8.2%+6.3%
20-year annualised+2.4%+3.0%

Decade by decade

DecadeChangeUnited States
1980s (1980–1990)+42.1%+68.2%
1990s (1990–2000)+31.2%+33.9%
2000s (2000–2010)+7.3%+29.7%
2010s (2010–2020)+91.1%+35.5%
2020s so far (2020–2025)+48.7%+47.0%

FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.

Peak-to-low declines

PeakLowDeclinePeak regained
20062012−55.5%2021

Purchase-only index

FHFA also publishes a purchase-only index, built from sales prices alone (no refinance appraisals). It starts in 1991 and is drawn here on its own base.

FHFA purchase-only house price index for Nevada, quarterly, with the national purchase-only index rebased to the same startRecession 1990–91Recession 2001Recession 2007–09Recession 202001002003004005001995200020052010201520202025United States, purchase-only2026: 437
Nevada, purchase-only (100 = first year)United States, purchase-only, rebased to the same startNBER recession

Counties

Ranked by ten-year change in FHFA's annual county index to 2025. Permits are housing units authorised in the 12 months to August 2026.

County1 year10 yearsSince 2000Units, 12 monthsPer 1,000Index through
Mineral County+6.1%+149.6%+210.6%00.02025
Lyon County+2.4%+132.0%+190.7%3605.52025
Clark County+1.6%+131.1%+206.4%11,1434.62025
Churchill County+2.8%+124.4%+195.5%542.12025
Pershing County+8.6%+122.3%+154.4%20.32022
Nye County0.0%+122.0%+158.6%00.02025
Douglas County+6.0%+120.0%+232.7%2755.52025
Washoe County+2.4%+115.7%+225.8%2,8175.52025
White Pine County+7.8%+114.8%+361.9%20.22025
Carson City+0.2%+112.9%+209.7%4617.92025
Storey County−2.7%+109.7%+218.8%133.12025
Humboldt County+7.6%+83.6%+231.2%442.52025
Lander County−4.8%+55.9%+226.2%40.72023
Elko County+0.8%+51.0%+164.5%1482.72025
Lincoln County−1.7%——347.92025

Metro and micropolitan areas

Areas with any county in Nevada; multi-state areas appear under each of their states.

AreaType1 year10 yearsYear to 2026 Q2Units, 12 months
Las Vegas-Henderson-North Las Vegas, NVMetro+1.6%+131.1%+2.8%11,143
Fallon, NVMicro+2.8%+124.4%—54
Pahrump, NVMicro0.0%+122.0%—0
Gardnerville Ranchos, NV-CAMicro+6.0%+119.0%—279
Reno, NVMetro+2.6%+117.1%+3.8%3,190
Carson City, NVMetro+0.2%+112.9%+2.2%461
Winnemucca, NVMicro+7.6%+83.6%—44
Elko, NVMicro+0.8%+52.6%—148

Building permits

Housing units authorised in Nevada by month, latest 60 months01,0002,0003,000Sep 2021: 1,666 units (1,297 single-family, 369 in multi-unit buildings)Sep 2021Oct 2021: 1,770 units (1,200 single-family, 570 in multi-unit buildings)Nov 2021: 2,266 units (1,291 single-family, 975 in multi-unit buildings)Dec 2021: 1,784 units (1,397 single-family, 387 in multi-unit buildings)Jan 2022: 2,608 units (1,376 single-family, 1,232 in multi-unit buildings)Feb 2022: 1,833 units (1,574 single-family, 259 in multi-unit buildings)Mar 2022: 2,263 units (1,639 single-family, 624 in multi-unit buildings)Apr 2022: 2,634 units (1,442 single-family, 1,192 in multi-unit buildings)May 2022: 1,641 units (1,282 single-family, 359 in multi-unit buildings)Jun 2022: 1,938 units (1,092 single-family, 846 in multi-unit buildings)Jul 2022: 1,174 units (668 single-family, 506 in multi-unit buildings)Aug 2022: 1,267 units (869 single-family, 398 in multi-unit buildings)Sep 2022: 1,659 units (768 single-family, 891 in multi-unit buildings)Sep 2022Oct 2022: 1,250 units (709 single-family, 541 in multi-unit buildings)Nov 2022: 1,171 units (590 single-family, 581 in multi-unit buildings)Dec 2022: 883 units (510 single-family, 373 in multi-unit buildings)Jan 2023: 1,476 units (600 single-family, 876 in multi-unit buildings)Feb 2023: 1,041 units (779 single-family, 262 in multi-unit buildings)Mar 2023: 1,781 units (1,526 single-family, 255 in multi-unit buildings)Apr 2023: 1,245 units (975 single-family, 270 in multi-unit buildings)May 2023: 2,224 units (1,344 single-family, 880 in multi-unit buildings)Jun 2023: 1,528 units (1,305 single-family, 223 in multi-unit buildings)Jul 2023: 1,766 units (1,250 single-family, 516 in multi-unit buildings)Aug 2023: 1,298 units (1,031 single-family, 267 in multi-unit buildings)Sep 2023: 1,351 units (1,118 single-family, 233 in multi-unit buildings)Sep 2023Oct 2023: 1,672 units (851 single-family, 821 in multi-unit buildings)Nov 2023: 1,414 units (1,114 single-family, 300 in multi-unit buildings)Dec 2023: 1,698 units (1,177 single-family, 521 in multi-unit buildings)Jan 2024: 1,537 units (1,368 single-family, 169 in multi-unit buildings)Feb 2024: 1,773 units (1,148 single-family, 625 in multi-unit buildings)Mar 2024: 1,670 units (1,446 single-family, 224 in multi-unit buildings)Apr 2024: 1,568 units (1,367 single-family, 201 in multi-unit buildings)May 2024: 1,881 units (1,368 single-family, 513 in multi-unit buildings)Jun 2024: 1,840 units (1,244 single-family, 596 in multi-unit buildings)Jul 2024: 1,653 units (1,482 single-family, 171 in multi-unit buildings)Aug 2024: 1,494 units (1,123 single-family, 371 in multi-unit buildings)Sep 2024: 1,281 units (962 single-family, 319 in multi-unit buildings)Sep 2024Oct 2024: 1,131 units (936 single-family, 195 in multi-unit buildings)Nov 2024: 1,585 units (1,049 single-family, 536 in multi-unit buildings)Dec 2024: 1,144 units (933 single-family, 211 in multi-unit buildings)Jan 2025: 1,999 units (1,245 single-family, 754 in multi-unit buildings)Feb 2025: 1,377 units (1,086 single-family, 291 in multi-unit buildings)Mar 2025: 1,886 units (1,289 single-family, 597 in multi-unit buildings)Apr 2025: 2,185 units (1,226 single-family, 959 in multi-unit buildings)May 2025: 1,559 units (1,283 single-family, 276 in multi-unit buildings)Jun 2025: 917 units (753 single-family, 164 in multi-unit buildings)Jul 2025: 1,240 units (1,046 single-family, 194 in multi-unit buildings)Aug 2025: 798 units (778 single-family, 20 in multi-unit buildings)Sep 2025: 1,095 units (706 single-family, 389 in multi-unit buildings)Sep 2025Oct 2025: 2,341 units (896 single-family, 1,445 in multi-unit buildings)Nov 2025: 1,062 units (714 single-family, 348 in multi-unit buildings)Dec 2025: 1,331 units (1,192 single-family, 139 in multi-unit buildings)Jan 2026: 1,235 units (702 single-family, 533 in multi-unit buildings)Feb 2026: 948 units (935 single-family, 13 in multi-unit buildings)Mar 2026: 1,500 units (1,091 single-family, 409 in multi-unit buildings)Apr 2026: 1,159 units (843 single-family, 316 in multi-unit buildings)May 2026: 840 units (742 single-family, 98 in multi-unit buildings)Jun 2026: 1,769 units (709 single-family, 1,060 in multi-unit buildings)Jul 2026: 1,098 units (715 single-family, 383 in multi-unit buildings)Aug 2026: 979 units (598 single-family, 381 in multi-unit buildings)

Housing units authorised in Nevada by month, latest 60 monthssingle-family2+ unit buildings

Housing units authorised in Nevada by year, 1995–2025020,00040,00060,0001995: 32,804 units (22,470 single-family, 10,334 in multi-unit buildings)19951996: 37,242 units (23,810 single-family, 13,432 in multi-unit buildings)1997: 34,811 units (23,462 single-family, 11,349 in multi-unit buildings)1998: 36,999 units (24,445 single-family, 12,554 in multi-unit buildings)1999: 32,643 units (24,283 single-family, 8,360 in multi-unit buildings)2000: 32,285 units (25,723 single-family, 6,562 in multi-unit buildings)20002001: 36,125 units (27,005 single-family, 9,120 in multi-unit buildings)2002: 35,615 units (27,634 single-family, 7,981 in multi-unit buildings)2003: 43,366 units (33,090 single-family, 10,276 in multi-unit buildings)2004: 44,556 units (38,914 single-family, 5,642 in multi-unit buildings)2005: 47,728 units (37,546 single-family, 10,182 in multi-unit buildings)20052006: 39,445 units (26,722 single-family, 12,723 in multi-unit buildings)2007: 27,209 units (16,256 single-family, 10,953 in multi-unit buildings)2008: 14,881 units (7,110 single-family, 7,771 in multi-unit buildings)2009: 6,764 units (4,545 single-family, 2,219 in multi-unit buildings)2010: 6,443 units (5,361 single-family, 1,082 in multi-unit buildings)20102011: 6,163 units (4,681 single-family, 1,482 in multi-unit buildings)2012: 9,071 units (7,439 single-family, 1,632 in multi-unit buildings)2013: 11,174 units (8,970 single-family, 2,204 in multi-unit buildings)2014: 13,016 units (8,888 single-family, 4,128 in multi-unit buildings)2015: 14,083 units (10,422 single-family, 3,661 in multi-unit buildings)20152016: 17,952 units (11,374 single-family, 6,578 in multi-unit buildings)2017: 19,544 units (12,766 single-family, 6,778 in multi-unit buildings)2018: 17,645 units (12,997 single-family, 4,648 in multi-unit buildings)2019: 20,143 units (13,088 single-family, 7,055 in multi-unit buildings)2020: 19,716 units (13,706 single-family, 6,010 in multi-unit buildings)20202021: 23,406 units (16,295 single-family, 7,111 in multi-unit buildings)2022: 20,031 units (12,419 single-family, 7,612 in multi-unit buildings)2023: 18,451 units (13,039 single-family, 5,412 in multi-unit buildings)2024: 19,994 units (15,485 single-family, 4,509 in multi-unit buildings)2025: 18,540 units (12,190 single-family, 6,350 in multi-unit buildings)2025

Housing units authorised in Nevada by year, 1995–2025single-family2+ unit buildings

Single-family share of the latest 12 months: 64% (63% nationally). Since 1995: 757,845 units.

Year by year

Each year's index change and permits, with every county's figures for that year.

YearNevada indexUS indexUnits permittedSingle-family
2025+2.2%+2.8%18,54012,190
2024+5.8%+4.9%19,99415,485
2023+0.3%+5.7%18,45113,039
2022+18.3%+15.5%20,03112,419
2021+15.9%+11.6%23,40616,295
2020+3.1%+3.0%19,71613,706
2019+6.3%+4.2%20,14313,088
2018+13.1%+5.7%17,64512,997
2017+9.6%+5.4%19,54412,766
2016+9.4%+5.3%17,95211,374
2015+9.9%+4.4%14,08310,422
2014+18.0%+6.2%13,0168,888
2013+15.5%+3.4%11,1748,970
2012−1.4%−1.8%9,0717,439
2011−12.8%−4.4%6,1634,681
2010−14.2%−5.1%6,4435,361
2009−23.1%−7.5%6,7644,545
2008−18.5%−4.5%14,8817,110
2007−3.9%+0.6%27,20916,256
2006+8.5%+6.6%39,44526,722
2005+25.2%+12.4%47,72837,546
2004+27.7%+9.2%44,55638,914
2003+6.2%+4.5%43,36633,090
2002+6.0%+5.4%35,61527,634
2001+6.2%+6.7%36,12527,005
2000+3.6%+8.3%32,28525,723
1999+1.3%+4.3%32,64324,283
1998+2.1%+3.7%36,99924,445
1997+2.5%+3.8%34,81123,462
1996+2.4%+3.2%37,24223,810
1995+4.0%+3.7%32,80422,470

Cities issuing the most permits

Housing units authorised in the 12 months to August 2026; every place is listed on its county page.

Questions and answers

How much have home values in Nevada risen over 10 years?

The FHFA index rose +120.7% between 2015 and 2025, +8.2% a year; over 20 years +59.4% and since 2000 +204.9%. Nationally: +85.0%, +79.1% and +158.3%.

Which Nevada counties rose most over 10 years?

Mineral County (+149.6%), Lyon County (+132.0%) and Clark County (+131.1%), by FHFA's annual county index to 2025.

What happened to Nevada home prices in 2008?

The state index peaked in 2006, fell −55.5% to 2012 and regained its peak in 2021.

How many homes are being built in Nevada?

15,357 units were authorised in the 12 months to August 2026: 9,843 single-family and 5,514 in multi-unit buildings, 4.7 per 1,000 residents.

Where does this data come from?

FHFA's quarterly all-transactions state index (through 2026 Q2) and annual state index (updated March 31, 2026); the Census Bureau's Building Permits Survey state and county files through August 2026; vintage 2025 population estimates.

Provenance

Index: Federal Housing Finance Agency, quarterly all-transactions and purchase-only state indexes through 2026 Q2 and annual state index (updated March 31, 2026). Permits: Census Bureau Building Permits Survey state, county and place files through August 2026. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.