Complete Financial Analysis

Renting vs Buying in Nevada: Complete Cost Breakdown

Comprehensive financial analysis comparing renting vs buying in Las Vegas, Reno, and Henderson with real Nevada market data

Calculate Your Scenario See If You Qualify to Buy
$47K
Equity After 5 Years*
4-6%
Nevada Appreciation
$0
Renter Equity Built

The Real Cost Comparison

Based on Nevada's median home price and average rent

Renting in Nevada

Monthly housing expenses

Monthly Rent $1,800

Average 3-bed in Las Vegas/Henderson

Renter's Insurance $25
Utilities (partial) $150
Total Monthly Cost $1,975

5-Year Outlook (Renting)

Total Paid $118,500
Equity Built $0
Tax Benefits $0
Net Position -$118,500
No equity or wealth building
Rent increases 3-5% annually
No tax deductions
Subject to landlord decisions

Buying in Nevada

$400K home with VA/FHA loan

Mortgage Payment (P&I) $2,300

6.75% rate, 30-year fixed

Property Tax $250
Home Insurance $150
HOA (if applicable) $100
Maintenance Reserve $150
Total Monthly Cost $2,950

5-Year Outlook (Buying)

Total Paid $177,000
Principal Paydown $47,000
Home Appreciation (5%) $88,000
Tax Savings (~25%) $18,000
Net Position +$153,000
Build $135K+ equity in 5 years
Fixed payment (won't increase)
Tax deductions on interest
Complete control over property

The Bottom Line

After 5 years, the homeowner is ahead by $271,500 compared to the renter

$975
Higher monthly cost to buy
$135K
Equity gained in 5 years
18 mo
Break-even point typically
Find Out If You Can Buy Today