US housing market report · August 2026
The state of the Nevada housing market.
Median home value and city-by-city trends across Nevada, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.
Nevada median value
$415K
Zillow ZHVI, August 2026
Cities covered
7
with published pages
Report video
Monthly
per city, on each hub
12-month outlook · data through August 2026
Where are Nevada home values headed?
Current typical value
$415,320
Zillow ZHVI median, August 2026
Past 12 months
-2.5%
change in the median
12 months out
$404,000
if the recent trend continues
Trend projection from the past 12 months, not a prediction. Actual values depend on mortgage rates, inventory, and local conditions.
Where values are climbing
Fastest appreciating Nevada cities
- 1Reno$563KUp2.3%
- $527KUp1.8%
- $371KUp1.4%
- $510KUp1.1%
- $408KDown1.5%
- $464KDown2.5%
- $408KDown3.7%
Where the market is cooling
Fastest cooling Nevada cities
- $408KDown3.7%
- $464KDown2.5%
- $408KDown1.5%
- $510KUp1.1%
- $371KUp1.4%
- $527KUp1.8%
- 7Reno$563KUp2.3%
Priciest markets in the state
Most expensive Nevada cities by median value
- 1Reno$563K
- $527K
- $510K
- $464K
- $408K
- $408K
- $371K
Common questions
What people ask us.
Methodology & attribution
Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Nevada, as of August 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Nevada market index.