Housing decision brief
Mineral County, NV Housing Market
Mineral County screens as a below-state purchase price, below-state rent, a higher tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
3rd lowest home value out of 17 Nevada counties with data | 3rd lowest rent out of 17
Median home value
$156,200
Purchase-price signal from Census ACS.
Median rent
$905/mo
Gross rent, including utilities where reported.
Monthly owner cost
$596/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
2.8x
Median home value divided by local household income.
Rent burden
17.7%
Below 30% usually screens as less pressured.
Rent vs own
$309/mo
Median owner cost screens below median rent.
Data confidence
2 notes
Home-value estimate has a $45,032 ACS margin of error.
What Works
Lower purchase price
$156,200 median home value is 46% below Nevada county median
Lower rent
$905/mo is 22% below Nevada county median
Rent burden below pressure line
17.70% of renter income goes to rent, below the 30% burden threshold.
Owning screens cheaper than renting
Median owner costs are $309/mo below median rent before individual mortgage terms.
Low disaster-risk signal
Risk score is 90.2 out of 100, a stronger cross-check for long-term ownership costs.
What to Check
Lower income base
$54,855 median income is 28% below Nevada county median
Tax rate needs attention
0.74% effective property-tax rate is 50% above Nevada county median
Water quality cross-check
Water quality grade is D. Review water data before treating housing cost as the full story.
Health context
Health score is 19.8 out of 100, so affordability should be weighed against local health indicators.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Buyers comparing homes to local incomes
- Renters trying to keep rent below the burden threshold
- Households weighing ownership against renting
- Long-term owners who care about disaster-risk exposure
Poor Fit For
- Households dependent on a deep local wage market
- Buyers who will not investigate local water systems before moving
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Mineral County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $156,200 | $290,900 | $281,900 | 46% favorable46% below Nevada county median |
Median gross rent Lower usually helps affordability. | $905 | $1,164 | $1,163 | 22% favorable22% below Nevada county median |
Monthly owner cost Lower usually helps affordability. | $596 | $1,113 | $1,672 | 46% favorable46% below Nevada county median |
Median household income | $54,855 | $76,472 | $74,755 | 28% pressure28% below Nevada county median |
Effective property-tax rate Lower usually helps affordability. | 0.74% | 0.49% | 1.02% | 50% pressure50% above Nevada county median |
Rent burden Lower usually helps affordability. | 17.70% | 29.90% | N/A | 41% favorable17.70% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$18,655
Median income minus rent threshold.
Owner cushion
+$29,312
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Housing in Mineral County is moderately affordable. The median rent is $1,130/month against a median household income of $50,584, putting rent at 26.8% of income.
Rent vs own
The median rent in Mineral County is $1,130/month, while owner costs run $564/month. Owning saves approximately $566/month.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $45,200/year. For owner costs at the 28% rule, the required income is roughly $24,171/year. With a median household income of $50,584, most households can comfortably afford rent here. Notably, 21.0% of renter households in Mineral County are cost-burdened, spending more than 30% of income on housing.
Regional context
Compared to Lander County where rent averages $1,066/month, Mineral County is approximately 6% more expensive.
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Crittenden County, AR | $160,200 | $911/mo | Out-of-state peer near $160,200 home value and $911/mo rent. |
| Laurens County, GA | $154,500 | $863/mo | Out-of-state peer near $154,500 home value and $863/mo rent. |
| Pittsburg County, OK | $156,900 | $860/mo | Out-of-state peer near $156,900 home value and $860/mo rent. |
| Dawes County, NE | $150,900 | $900/mo | Out-of-state peer near $150,900 home value and $900/mo rent. |
| Brown County, TX | $158,900 | $919/mo | Out-of-state peer near $158,900 home value and $919/mo rent. |
Data Confidence
- Home-value estimate has a $45,032 ACS margin of error.
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Mineral County
Is Mineral County affordable for buying a home?
Is renting or owning cheaper in Mineral County?
How much income do you need for housing in Mineral County?
What should I double-check before moving to Mineral County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.