Market Overview
Home Prices in Nevada, IA
The median home value in Nevada, IA is $252,921 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nevada are priced38% below average. Nevada is part of the Ames, IA metro area.
Over the past five years, Nevada home values have risen by approximately25.7%, reflecting strong long-term appreciation in this market.
Price History
Nevada Home Price Trend
2020
$183,142
$183K
—
2021
$201,188
$201K
+9.9%
2022
$225,811
$226K
+12.2%
2023
$236,866
$237K
+4.9%
2024
$241,895
$242K
+2.1%
2025
$246,823
$247K
+2.0%
2026
$252,921
$253K
+2.5%
City Comparison
Nevada vs. National Median
🏠 Nevada
$252,921
National Median
$410,000
At $252,921, homes in Nevada cost 38% below the national median of $410,000. This makes Nevada a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Nevada?
20% Down Payment
$50,584
on $252,921
Monthly P&I
$1,319/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,675/mo
incl. taxes & insurance
Income Needed
$67,000
gross annual (30% rule)
10% Down Option
$25,292
+ PMI applies
Loan Amount (20% dn)
$202,337
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Nevada, IA?
The median home value in Nevada is $252,921 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Nevada?
Over the past year, home values in Nevada have increased by 2.5%. Over five years, prices have risen approximately 25.7%.
How much do I need to earn to buy a home in Nevada?
To comfortably afford the median home price of $252,921 with a 20% down payment ($50,584) at today's rates (6.8%), you'd need a gross annual income of approximately $67,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Nevada compare to the national average home price?
The national median home value is approximately $410,000. At $252,921, homes in Nevada are 38% below the national average.
What metro area is Nevada part of?
Nevada is part of the Ames, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.