In Nevada, a typical home is worth $182,400 and typical rent is $953 a month. Compared with all of Story County, the typical home value is 29% lower, typical household income is 8% higher, and the share of households that own their home is 16 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $200,197 to $246,743.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Nevada is in Story County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Story County. See the county
What this place has that others do not, from public data, most unusual first.
1
72% of households in Nevada own their home, against 56% in Story County.
2
The typical home in Nevada is worth $182,400,29% less than in Story County as a whole ($258,700).
3
Nearby, in Polk City, the typical rent is $782: 18% less than in Nevada ($953).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Nevada
What homes there are in Nevada, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Nevada
Story County
Iowa
United States
Kind of home: Nevada and its comparisons
Measure
Nevada
Story County
Iowa
United States
Detached house
58%
52%
72%
61%
Attached house
4%
5%
5%
6%
Building of 2 to 4
9%
7%
6%
8%
Apartments (5 or more)
Unreliable estimate
32%
14%
19%
Mobile home
13%
4%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Nevada, 6 in 10 homes are single-family detached houses; in Story County, 5.
In Nevada there are many mobile homes: 13% of homes; in Story County, 4%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Nevada
Story County
Iowa
United States
Year built: Nevada and its comparisons
Measure
Nevada
Story County
Iowa
United States
Before 1960
34%
23%
38%
26%
1960–1979
29%
24%
24%
24%
1980–1999
23%
21%
17%
25%
2000–2009
6%
16%
11%
14%
2010 or later
8%
17%
11%
11%
In Nevada, half of the homes were built before 1973; in Story County, before 1984.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K20%
$100K–$200K43%
$200K–$300K23%
$300K–$500K13%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Nevada and its comparisons
Measure
Nevada
Under $100K
20%
$100K–$200K
43%
$200K–$300K
23%
$300K–$500K
13%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
At least 99% of owner-occupied homes in Nevada are worth less than $500,000, below the FHA loan limit for Story County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99940%
$1,000–$1,49928%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Nevada and its comparisons
Measure
Nevada
Under $500
Unreliable estimate
$500–$999
40%
$1,000–$1,499
28%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,414 a month
Story County: $1,710 a month
Without a mortgage
$656 a month
Story County: $689 a month
Owners with a mortgage
53%
Story County: 58%
In Nevada, 53% of owners have a mortgage, and their typical cost is $1,414 a month, against $1,710 in Story County. Without one it drops to $656.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Nevada+32%
Story County+39%
Iowa+41%
United States+53%
Typical rent
Nevada+47%
Story County+13%
Iowa+23%
United States+33%
Typical household income
Nevada+27%
Story County+23%
Iowa+24%
United States+29%
Change since 2015–2019: Nevada and its comparisons
Measure
Nevada
Story County
Iowa
United States
Typical home value
+32%
+39%
+41%
+53%
Typical rent
+47%
+13%
+23%
+33%
Typical household income
+27%
+23%
+24%
+29%
Homes in Nevada gained value more slowly than in Story County: 32% since 2015–2019, against 39%.
Since 2015–2019, the typical rent in Nevada rose 47%, more than in Story County (13%).
Here income did not keep up with housing: it rose 27%, while home values changed +32% and rent +47%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Nevada and its comparisons
Measure
Nevada
Story County
Iowa
United States
Rental vacancy
Unreliable estimate
6.6%
5.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
0.7%
1.6%
3.4%
People per household
2.30
2.26
2.36
2.53
Drive alone
85%
68%
76%
69%
Carpool
8%
7%
8%
9%
Public transit
Unreliable estimate
4%
1%
3%
Walk or bike
Unreliable estimate
9%
3%
3%
Work from home
Unreliable estimate
12%
11%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
By size, households in Nevada look like those in Story County: 2.30 people on average.
The car rules in Nevada: 85% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Nevada?
A typical home is within reach of the typical income
We start with a typical home in Nevada, worth $182,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 25% of the typical household income in Nevada, which is $75,094 a year.
The calculator's FHA and conventional loan limits are those of all of Story County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Nevada. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,384 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,587
at 7.18% · 30 years
Loan amount
$179,096
Total interest
$257,678
Paid off in
November 2056
Includes $3,080 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,752 a month
Your payment · 25%
Tight
$1,752 to $2,253 a month
Hard
more than $2,253 a month
Compared with the typical household income in Nevada ($75,094 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,213
Property tax
$217
Home insurance
$76
FHA mortgage insurance (MIP)
$81
You need at least $6,384 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,587; principal and interest $1,213.
The city and its county
Nevada and Story County
Nevada is in Story County, Iowa. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Nevada
Map of Story County, Iowa, with Nevada marked. Around it, the neighboring counties.
Nevada
Story County
Other cities with a page
Nevada's own numbers
Typical home value
$182,400
Typical monthly rent
$953
Typical yearly household income
$75,094
Households that own their home
72%
Effective property tax rate
1.43%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Story County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,061
Price change over 5 years (FHFA)
+41%
Homes in a high flood-risk zone
1.7%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Story County.
A typical home in Nevada is worth $182,400: 29% below the county and 12% below Iowa. With the typical household income in Nevada ($75,094 a year), a typical home costs 2.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Nevada2.4 years
Story3.7 years
Iowa2.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Story County
According to FHFA’s house price index, home prices in Story County rose 64% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Story County.
Yearly change in FHFA’s price index in Story County, 2016 to 2025
2016: +3.9% +3.9% 2016
2017: +4.2% +4.2% 2017
2018: +3.3% +3.3% 2018
2019: +3.3% +3.3% 2019
2020: +0.6% +0.6% 2020
2021: +7.6% +7.6% 2021
2022: +10.4% +10.4% 2022
2023: +10.1% +10.1% 2023
2024: +4.6% +4.6% 2024
2025: +2.9% +2.9% 2025
Change in FHFA’s price index in Story County, Iowa and the United States
Period
County
Iowa
U.S.
Last year (2025)
+2.9%
+3.2%
+2.9%
5 years (2020–2025)
+41%
+41%
+47%
10 years (2015–2025)
+64%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Nevada next to Story County, Iowa and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Nevada$182,400
Story$258,700
Iowa$208,000
United States$332,700
Typical monthly rent
Nevada$953
Story$1,018
Iowa$972
United States$1,413
Typical yearly household income
Nevada$75,094
Story$69,685
Iowa$75,059
United States$80,734
See the full table
Nevada next to Story County and Iowa
Measure
Nevada
Story County
Iowa
U.S.
Typical home value
$182,400 ▼29% below the county
$258,700
$208,000
$332,700
Typical monthly rent
$953 ▼6% below the county
$1,018
$972
$1,413
Typical yearly household income
$75,094 ▲8% above the county
$69,685
$75,059
$80,734
Households that own their home
72% ▲16 points above the county
56%
72%
65%
Typical yearly property tax
$2,615 ▼28% below the county
$3,632
$2,897
$3,119
Effective property tax rate
1.43% ▲0.03 points above the county
1.4%
1.39%
0.94%
Renters with high rent for their income
37% ▼11 points below the county
49%
44%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Story County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Nevada
For a typical $182,400 home in Nevada, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Nevada's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,587a month
Least cash to close
Down payment
$6,384
Cash to close
$11,856
Rate
7.18%
Mortgage insurance
FHA MIP · $81
Conventional, 5% down$1,554a month
Down payment
$9,120
Cash to close
$14,592
Rate
7.18%
Mortgage insurance
PMI · $87
Conventional, 20% down, no PMI$1,282a month
Down payment
$36,480
Cash to close
$41,952
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,451a month
Down payment
$27,360
Cash to close
$32,832
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Nevada
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,587
$6,384
$179,096
7.18%
FHA MIP · $81
$11,856
580
Conventional, 5% down
$1,554
$9,120
$173,280
7.18%
PMI · $87
$14,592
620*
Conventional, 20% down, no PMI
$1,282
$36,480
$145,920
7.18%
None
$41,952
620*
ITIN, 15% down (example)
$1,451
$27,360
$155,040
8.18%
None
$32,832
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Nevada is $953 a month: 6% below the county. In Nevada, 37% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Story County, by unit size. To pay the 2-bedroom one ($1,061 a month) without spending more than 30% of your income, you would need to earn $20.40 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Story County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$891
$17.13
$35,640
1 bedroom
$944
$18.15
$37,760
2 bedrooms
$1,061
$20.40
$42,440
3 bedrooms
$1,469
$28.25
$58,760
4 bedrooms
$1,768
$34.00
$70,720
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Nevada
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Nevada is in ZIP code 50201.
For 2 bedrooms it is $1,040: $21 less than the fair market rent for Story County ($1,061).
Fair market rent by ZIP code and size in Nevada, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
50201
$880
$930
$1,040
$1,450
$1,750
ZIP code2 bd3 bd
50201 $1,040$1,450
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Nevada when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Story County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Nevada or Story County. The ones below are statewide in Iowa: they work in Nevada the same as in the rest of the state.
With the Iowa state authority's FirstHome mortgage, a first-time buyer can get a second loan of up to 3% of the price (maximum $10,000) or up to 5% (maximum $15,000), with no monthly payments, repaid when you sell, refinance or pay off the mortgage.Offered by Iowa Finance Authority (IFA).
Iowa state authority second loan, with the Homes for Iowans mortgage, of up to 3% of the price (maximum $10,000) or 5% (maximum $15,000) for the down payment and closing costs; no monthly payments, and for any buyer.Offered by Iowa Finance Authority (IFA).
No legal help resource on our list is for Nevada or Story County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Nevada and all of Story County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Nevada?
The typical home value in Nevada is $182,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Story County it is $258,700.
How much does it cost to rent in Nevada?
Typical rent in Nevada is $953 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Story County is $1,061.
What is the FHA loan limit in Nevada?
Nevada uses the FHA limit for all of Story County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Nevada?
The typical homeowner in Nevada pays $2,615 a year, according to the U.S. Census Bureau. That is 1.43% of the home’s value; in Story County, the rate is 1.4%.
Where can I find free help to buy or rent in Nevada?
We found no HUD-approved counseling agencies with an office in Story County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
