Market Overview
Home Prices in Panaca, NV
The median home value in Panaca, NV is $245,012 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Panaca are priced40% below average.
Over the past five years, Panaca home values have risen by approximately18.0%, reflecting steady appreciation in this market.
Price History
Panaca Home Price Trend
2020
$178,797
$179K
—
2021
$207,591
$208K
+16.1%
2022
$228,197
$228K
+9.9%
2023
$229,004
$229K
+0.4%
2024
$242,839
$243K
+6.0%
2025
$248,350
$248K
+2.3%
2026
$245,012
$245K
-1.3%
City Comparison
Panaca vs. National Median
🏠 Panaca
$245,012
National Median
$410,000
At $245,012, homes in Panaca cost 40% below the national median of $410,000. This makes Panaca a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Panaca?
20% Down Payment
$49,002
on $245,012
Monthly P&I
$1,278/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,623/mo
incl. taxes & insurance
Income Needed
$64,920
gross annual (30% rule)
10% Down Option
$24,501
+ PMI applies
Loan Amount (20% dn)
$196,010
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 Panaca, NV?
The median home value in Panaca is $245,012 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Panaca?
Over the past year, home values in Panaca have decreased by 1.3%. Over five years, prices have risen approximately 18.0%.
How much do I need to earn to buy a home in Panaca?
To comfortably afford the median home price of $245,012 with a 20% down payment ($49,002) at today's rates (6.8%), you'd need a gross annual income of approximately $64,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Panaca compare to the national average home price?
The national median home value is approximately $410,000. At $245,012, homes in Panaca are 40% below the national average.