Market Overview
Home Prices in Zephyr Cove, NV
The median home value in Zephyr Cove, NV is $1,529,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.8% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Zephyr Cove are priced273% above average. Zephyr Cove is part of the Gardnerville Ranchos, NV metro area.
Over the past five years, Zephyr Cove home values have risen by approximately21.4%, reflecting strong long-term appreciation in this market.
Price History
Zephyr Cove Home Price Trend
City Comparison
Zephyr Cove vs. National Median
At $1,529,729, homes in Zephyr Cove cost 273% above the national median of $410,000. Buyers in Zephyr Cove should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Zephyr Cove?
20% Down Payment
$305,946
on $1,529,729
Monthly P&I
$7,978/mo
30-yr @ 6.8%
Total Monthly Est.
~$10,132/mo
incl. taxes & insurance
Income Needed
$405,280
gross annual (30% rule)
10% Down Option
$152,973
+ PMI applies
Loan Amount (20% dn)
$1,223,783
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 Zephyr Cove, NV?
The median home value in Zephyr Cove is $1,529,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.8% year-over-year.
How much have home prices changed in Zephyr Cove?
Over the past year, home values in Zephyr Cove have increased by 11.8%. Over five years, prices have risen approximately 21.4%.
How much do I need to earn to buy a home in Zephyr Cove?
To comfortably afford the median home price of $1,529,729 with a 20% down payment ($305,946) at today's rates (6.8%), you'd need a gross annual income of approximately $405,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Zephyr Cove compare to the national average home price?
The national median home value is approximately $410,000. At $1,529,729, homes in Zephyr Cove are 273% above the national average.
What metro area is Zephyr Cove part of?
Zephyr Cove is part of the Gardnerville Ranchos, NV metropolitan area. Home prices and market conditions can vary across the broader metro region.