Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between California and Nevada. Updated for 2026.
Metric
California
Nevada
Median Home Price
$785K
$425K
Property Tax Rate
0.73%
0.53%
Avg Closing Costs
$9K
$6K
Closing Cost %
1.2%
1.5%
Transfer Tax
0.11%
0.52%
Homeowners Insurance
$2,200/yr
$1,700/yr
First-Time Buyer Program
CalHFA Dream For All
Up to 20% shared appreciation loan
Home Is Possible DPA
Up to 5% forgivable grant
Verdict
Nevada wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $425K and lower overall costs, Nevada offers meaningful savings compared to California. Both states offer first-time buyer programs — explore the state pages for full details.