Mortgage payment estimates, closing cost breakdowns, and homebuying data for Fernley, Nevada.
Median Home Price
$375K
Population
22K
Avg Monthly Rent
$1,350
Property Tax Rate
0.53% *
* Property tax shown is the Nevada state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Fernley.
Fernley vs Nevada Median
The median home price in Fernley is $375,000, which is 12% below the Nevada state median of $425,000.
Mortgage Calculator — Fernley, NV
Pre-filled with Fernley median home price and Nevada tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $375K home using Nevada's 0.53% tax rate and $1,700/yr insurance.
5% Down
$2,767/mo
Down: $18,750
Loan: $356K
P&I: $2,252
Tax: $166
Insurance: $142
PMI: $208
10% Down
$2,637/mo
Down: $37,500
Loan: $338K
P&I: $2,133
Tax: $166
Insurance: $142
PMI: $197
20% Down (No PMI)
$2,203/mo
Down: $75,000
Loan: $300K
P&I: $1,896
Tax: $166
Insurance: $142
Income needed (28% rule): $94K/year with 20% down, $113K/year with 10% down.
Rent vs Buy in Fernley
Rent
$1,350/mo
vs
Buy (10% down)
$2,637/mo
Price-to-rent ratio: 23.1 — At a ratio above 20, renting may be more economical in Fernley for shorter stays. Buying costs $1,287 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Fernley is $375,000, 12% below the Nevada state median of $425,000. With a population of 22,282, Fernley is a smaller market where home prices tend to be more accessible than in many parts of Nevada.
Property taxes in Nevada average 0.53% annually. This low property tax rate is a significant advantage for Fernley buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Nevada runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Fernley is $1,350/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Fernley presents moderate affordability. The $375K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Fernley.