5 Most Affordable Places to Live in Nevada in 2024
“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 June, the median home sale price in Nevada is $458,300.
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 Spring Valley, let’s jump in and see what cities are on the list.
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#1: Sunrise Manor
Median home price: $365,000
Average sale price per square foot: $221
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: $399,999
Average sale price per square foot: $246
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: $401,000
Average sale price per square foot: $256
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: $420,000
Average sale price per square foot: $230
Average rent for a 1-bedroom apartment: $1,475
Median household income: $48,032
Nearest major metro: Las Vegas (4 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: Las Vegas
Median home price: $440,000
Average sale price per square foot: $259
Average rent for a 1-bedroom apartment: $1,330
Median household income: $66,356
Las Vegas, NV homes for sale
Las Vegas, NV apartments for rent
The final city on our list of affordable places in Nevada to consider moving to is Las Vegas. Home to 660,900 residents, the “Entertainment Capital of the World,” is a great option to add to your list. In Las Vegas, you’ll find endless activities, shows, and one-of-a-kind activities. For example, you can explore the iconic “Strip,” home to themed hotels, concerts, celebrity restaurants, and luxury shopping. Other activities in Las Vegas include exploring the Red Rock Canyon National Conservation Area, checking out The Neon Museum Las Vegas, or hiking up to the Las Vegas Skyline View.
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 June 2024. 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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