Mortgage payment estimates, closing cost breakdowns, and homebuying data for Pahrump, Nevada.
Median Home Price
$315K
Population
43K
Avg Monthly Rent
$1,250
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 Pahrump.
Pahrump vs Nevada Median
The median home price in Pahrump is $315,000, which is 26% below the Nevada state median of $425,000.
Mortgage Calculator — Pahrump, NV
Pre-filled with Pahrump median home price and Nevada tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $315K home using Nevada's 0.53% tax rate and $1,700/yr insurance.
5% Down
$2,347/mo
Down: $15,750
Loan: $299K
P&I: $1,891
Tax: $139
Insurance: $142
PMI: $175
10% Down
$2,238/mo
Down: $31,500
Loan: $284K
P&I: $1,792
Tax: $139
Insurance: $142
PMI: $165
20% Down (No PMI)
$1,874/mo
Down: $63,000
Loan: $252K
P&I: $1,593
Tax: $139
Insurance: $142
Income needed (28% rule): $80K/year with 20% down, $96K/year with 10% down.
Rent vs Buy in Pahrump
Rent
$1,250/mo
vs
Buy (10% down)
$2,238/mo
Price-to-rent ratio: 21.0 — At a ratio above 20, renting may be more economical in Pahrump for shorter stays. Buying costs $988 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 Pahrump is $315,000, 26% below the Nevada state median of $425,000. With a population of 42,860, Pahrump 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 Pahrump 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 Pahrump is $1,250/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.
Pahrump presents moderate affordability. The $315K 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 Pahrump.