Nevada Earns C-Minus on Housing Affordability Report Card
Realtor.com's 2026 report card ranks Nevada 34th nationally on affordability and homebuilding.
Updated on Nov. 3, 2026 in Residential
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Realtor.com released its 2026 report card on June 15, giving Nevada a C-minus on housing affordability and homebuilding and ranking it 34th among the 50 states and Washington, D.C. The grade draws largely on 2025 data and weighs affordability and homebuilding equally.
Why it matters
The grade places Nevada's housing market in the middle of the national pack, with affordability and construction metrics that shape whether residents can buy homes. Statewide figures cover both Southern Nevada, where much construction is occurring, and the northern part of the state.
Nevada's median listing price of nearly $492,000 compares with a median household income of about $74,800, and the state holds 1.30% of national building permits while representing 0.96% of the U.S. population. New construction carries an 18.5% premium over existing homes, and the report does not break out Reno-Sparks separately.
The players
Realtor.com
Realtor.com is a national real estate listings and data platform that publishes annual state housing report cards.
Sam Olson
Sam Olson is a Nevada real estate professional who is set to become president of Sierra Nevada Realtors in 2027.
The details
Realtor.com weighted affordability and homebuilding equally in grading each state, and the Nevada grade reflects statewide figures that include construction in Southern Nevada, including Las Vegas. Realtor.com also compared the state's median listing price, median household income, share of building permits and new-construction premium.
Timeline
- June 15: Realtor.com released the 2026 report card.
- 2025: The data year on which the report is largely based.
- 2027: Sam Olson is set to become president of Sierra Nevada Realtors.
Roadmap
Nevada's C-minus places it within Realtor.com's annual state-by-state comparison of affordability and homebuilding, using a method that weighs both measures equally. The grade lets readers see where the state stands against the national field on the same metrics each year.
Buyers in Nevada face a median listing price near $492,000 against a median household income of about $74,800, which affects how far a household's budget will stretch. Some buyers are delaying their search until spring, and the 18.5% premium on new construction matters for anyone comparing new homes with existing ones.
The takeaway
Nevada's grade shows that affordability and new supply are being weighed together, so buyers comparing new and existing homes should look closely at the construction premium before committing. Checking statewide figures against local conditions in their own area helps set realistic expectations.
Further reading
Explore more on Residential housing trends across the state.
Source note: This article includes information reported by KRXI.
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