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City · 7,925 residents · Vernon County, Missouri

Nevada , Missouri

In Nevada, a typical home is worth $122,700 and typical rent is $720 a month. Compared with all of Vernon County, the typical home value is 23% lower, typical household income is 18% lower, and the share of households that own their home is 18 points lower.

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  • Typical home value

    $122,700

    23% below the county

    47% below Missouri

    • Nevada
    • Vernon
    • Missouri

  • Typical rent

    $720a month

    About the same as the county

    30% below Missouri

    • Nevada
    • Vernon
    • Missouri

  • Typical household income

    $42,813a year

    18% below the county

    39% below Missouri

    • Nevada
    • Vernon
    • Missouri

  • Households that own their home

    53%

    18 points below the county

    15 points below Missouri

    • Nevada
    • Vernon
    • Missouri

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$166,552
7.4% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Nevada is in Vernon 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 Vernon County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Nevada apart

What this place has that others do not, from public data, most unusual first.

  1. Nevada has the 4th lowest typical household income of the 141 cities in Missouri with more than 5,000 people ($42,813).

  2. 53% of households in Nevada own their home, against 71% in Vernon County.

  3. Nevada has the 8th lowest typical rent of the 138 cities in Missouri with more than 5,000 people ($720).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Nevada rose 7.4%; in Missouri, it rose 3.4%.

  5. The typical home in Nevada is worth $122,700, 23% less than in Vernon County as a whole ($158,800).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

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

The detached house is the most common home in Nevada: 75% of homes, near the figure in Vernon County (78%).

Year built

Homes in Nevada are older: the typical year built is 1959; in Vernon County, 1976.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

About 78% of rented homes in Nevada cost less than HUD's 2-bedroom fair market rent for Vernon County ($994).

With a mortgage

$1,042 a month

Vernon County: $1,171 a month

Without a mortgage

$430 a month

Vernon County: $479 a month

Owners with a mortgage

49%

Vernon County: 44%

Owning costs less in Nevada: with a mortgage, the typical cost is $1,042 a month; in Vernon County, $1,171. Without one, $430.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Nevada gained value faster than in Vernon County: 73% against 62%.

Much as in Vernon County, the typical rent in Nevada rose 12% since 2015–2019.

While home values in Nevada changed +73% and rent +12%, the typical household income rose 25%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureNevadaVernon CountyMissouriUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimate2.2%1.7%3.4%
People per household 2.172.462.402.53
Drive alone 70%73%75%69%
Carpool Unreliable estimate10%8%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike 6%4%2%3%
Work from home 9%12%13%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

Households in Nevada are smaller: 2.17 people on average; in Vernon County, 2.46.

In Nevada, 70% of workers drive alone to work; in Vernon County, 73%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Nevada?

A typical home is tight for the typical income

We start with a typical home in Nevada, worth $122,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Nevada, which is $42,813 a year. For that payment to be 28% of income, a household would need to earn about $42,957 a year.

The calculator's FHA and conventional loan limits are those of all of Vernon County.

Your numbers

Local data
$

Starts at the typical home value in Nevada. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,295 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,002

at 7.18% · 30 years

Loan amount
$120,477
Total interest
$173,338
Paid off in
November 2056

Includes $2,072 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $999 a month

  • Tight

    $999 to $1,284 a month

    Your payment · 28%

  • Hard

    more than $1,284 a month

Compared with the typical household income in Nevada ($42,813 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,002
Principal & interest$816
Property tax$81
Home insurance$51
FHA mortgage insurance (MIP)$54

You need at least $4,295 for the down payment, plus closing costs.

Next step

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.

The city and its county

Nevada and Vernon County

Nevada is in Vernon County, Missouri. 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's own numbers

Typical home value
$122,700
Typical monthly rent
$720
Typical yearly household income
$42,813
Households that own their home
53%
Effective property tax rate
0.79%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Vernon County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$994
Price change over 5 years (FHFA)
+66%
Homes in a high flood-risk zone
1%

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 Vernon County.

Everything about Vernon County

Buying

Buying a home in Nevada

A typical home in Nevada is worth $122,700: 23% below the county and 47% below Missouri. With the typical household income in Nevada ($42,813 a year), a typical home costs 2.9 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.

  • Nevada 2.9 years
  • Vernon 3.0 years
  • Missouri 3.3 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Vernon County

According to FHFA’s house price index, home prices in Vernon County rose 93% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Vernon County.

Period County Missouri U.S.
Last year (2025) +12.9% +3.7% +2.9%
5 years (2020–2025) +66% +51% +47%
10 years (2015–2025) +93% +88% +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 Vernon County, Missouri and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Nevada $122,700
  • Vernon $158,800
  • Missouri $230,300
  • United States $332,700
Typical monthly rent
  • Nevada $720
  • Vernon $734
  • Missouri $1,033
  • United States $1,413
Typical yearly household income
  • Nevada $42,813
  • Vernon $52,230
  • Missouri $70,702
  • United States $80,734
See the full table
Nevada next to Vernon County and Missouri
Measure Nevada Vernon County Missouri U.S.
Typical home value $122,700 $158,800 $230,300 $332,700
Typical monthly rent $720 $734 $1,033 $1,413
Typical yearly household income $42,813 $52,230 $70,702 $80,734
Households that own their home 53% 71% 68% 65%
Typical yearly property tax $964 $1,067 $1,948 $3,119
Effective property tax rate 0.79% 0.67% 0.85% 0.94%
Renters with high rent for their income 43% 35% 46% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Vernon 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 $122,700 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 $1,002a month

    Least cash to close
    Down payment
    $4,295
    Cash to close
    $7,976
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $54

  • Conventional, 5% down $980a month

    Down payment
    $6,135
    Cash to close
    $9,816
    Rate
    7.18%
    Mortgage insurance
    PMI · $58

  • Conventional, 20% down, no PMI $797a month

    Down payment
    $24,540
    Cash to close
    $28,221
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $910a month

    Down payment
    $18,405
    Cash to close
    $22,086
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Nevada and for Vernon County.

Property tax

Effective rate in Nevada

0.79%of the home’s value each year

$964 a year for the typical owner in Nevada.

  • Nevada 0.79%
  • Vernon 0.67%
  • Missouri 0.85%

What Missouri publishes Deadline to appeal the assessment to the county board of equalization (Missouri Revisor of Statutes (Revised Statutes of Missouri))

Exemptions and deadlines in Missouri

Flood risk in Vernon County

FEMA does not publish these numbers by city: they are for all of Vernon County.

Homes in the high-risk zone
1%
105
Of those, with NFIP insurance
3.8%
County Missouri U.S.
Homes in the high-risk zone 1% 1.6% 3.5%
Of those, with NFIP insurance 3.8% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Nevada

Typical rent in Nevada is $720 a month: about the same as the county. In Nevada, 43% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Vernon County, by unit size. To pay the 2-bedroom one ($994 a month) without spending more than 30% of your income, you would need to earn $19.12 an hour working full time.

HUD fair market rent for all of Vernon County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $732 $14.08 $29,280
1 bedroom $760 $14.62 $30,400
2 bedrooms $994 $19.12 $39,760
3 bedrooms $1,256 $24.15 $50,240
4 bedrooms $1,491 $28.67 $59,640

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 64772.

For 2 bedrooms it is $990: $4 less than the fair market rent for Vernon County ($994).

  • 64772 $990$1,250

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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Nevada

HUD lists 6 buildings with rents for lower incomes in Nevada. These are the largest.

  • Chapman Estates 1123 N West St, Nevada 64772 200 low-income homes · Run by Nevada Housing Authority · Average payment: $335 a month · Average wait: 3 months (417) 448-2730
  • Elmwood Estates 1102 N Elm St, Nevada 64772 80 low-income homes · For families (417) 667-6041
  • Spring Village 710 W Garfield St, Nevada 64772 44 low-income homes · For older adults (417) 667-6470
  • Spring Village Apts 724 W Garfield St, Nevada 64772 44 homes, 43 low-income · 1 bd: 44 · In service since 2011 · For older adults, people with disabilities
  • Ash Place Apts 2095 N Ash St, Nevada 64772 40 low-income homes · 1 bd: 12 · 2 bd: 28 · In service since 2006 · For older adults

See all 6 buildings in Vernon County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Nevada

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 Vernon County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Nevada

No down payment, repair or rent-help program on our list is for Nevada or Vernon County. The ones below are statewide in Missouri: they work in Nevada the same as in the rest of the state.

Which programs do I qualify for? All programs in Missouri

  • First Place Loan Program

    Statewide in Missouri

    Missouri state commission mortgage for first-time buyers and veterans, with the option of cash assistance for the down payment and closing costs. Offered by Missouri Housing Development Commission (MHDC).

    Type not stated

    See the program Official page

  • Next Step Program

    Statewide in Missouri

    Missouri state commission mortgage for buyers who earn more than First Place allows, with a second loan of 4% of the mortgage for the down payment and closing costs that is forgiven after ten years. Offered by Missouri Housing Development Commission (MHDC).

    Forgivable

    See the program Official page

Housing counselors near Nevada

The HUD-approved agencies closest to the center of Nevada, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Cambridge Credit Counseling Corporation - Springfield Branch

    1515 S Glenstone Ave, Springfield · 75 miles away · Spanish

    Also serves in Polish.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (417) 889-7474

  • NSC (naca Counseling Subsidiary) - Kansas City, MO

    100 E 43rd St, Kansas City · 84 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (816) 531-6222

  • Habitat for Humanity of Kansas City

    1423 E Linwood Blvd, Kansas City · 85 miles away

    • Mortgage delinquency and default
    • Home improvement and repairs
    • and 3 more
    (816) 924-1096

All counseling agencies in Missouri

Help in Spanish near Nevada

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Nevada

HUD’s record names them for Nevada or Vernon County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Nevada Housing Authority Public housing and Section 8 vouchers (417) 448-2730

All housing agencies in Missouri Source: HUD

Cities

Nearby cities

The cities closest to Nevada, with the typical home value.

Everything about Vernon County Housing in Missouri

Neighboring counties

If Vernon County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Nevada.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Nevada

Short answers with the numbers for Nevada and all of Vernon 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 $122,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Vernon County it is $158,800.

How much does it cost to rent in Nevada?

Typical rent in Nevada is $720 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Vernon County is $994.

What is the FHA loan limit in Nevada?

Nevada uses the FHA limit for all of Vernon 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 $964 a year, according to the U.S. Census Bureau. That is 0.79% of the home’s value; in Vernon County, the rate is 0.67%.

Where can I find free help to buy or rent in Nevada?

We found no HUD-approved counseling agencies with an office in Vernon County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).