Quick facts: Pahrump, NV

Quick Facts

107
Cost of Living
above US average
44,711
Population
4.92
Crime Rate per 1000
below US average
$54,988
Median Income
below US average
$374,900
Median House Price
above US average
$2043.11
Average Rent
above US average
10%
Poverty Rate
below US average
5.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $54,988.

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Income Needed to Buy

βœ— Stretch
$118k/year
Based on $374,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $54,988
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Income Needed to Rent

⚠ Stretch
$88k/year
Based on $2043.11/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $88k vs median $54,988
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pahrump, NV

Pahrump is a census-designated place situated in Nye County, Nevada, approximately 60 miles west of Las Vegas. With a population of around 37,000 residents, it serves as a gateway to the Mojave Desert and offers a unique blend of small-town charm and accessibility to larger cities. Pahrump features an arid desert climate, characterized by hot summers and mild winters, ideal for outdoor activities. The area is known for its stunning natural beauty, including nearby national parks like Death Valley and Red Rock Canyon, making it a favored spot for hiking, camping, and off-roading. Pahrump also has a burgeoning wines scene, with several wineries and vineyards in the vicinity, offering tastings and tours. The town hosts various events throughout the year, including a popular balloon festival and a county fair, fostering a strong sense of community. Pahrump's amenities include golf courses, local dining establishments, and shopping options, providing residents and visitors with a complete experience while enjoying a relaxed lifestyle away from the hustle of nearby Las Vegas.

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