Despite the city’s relatively low living costs, Las Vegas actually has a fairly high median home value of $262,700.2 Because of this, the Vegas metro area isn’t a great place to buy your first home. And the problem is only getting worse. We found that the average price for a single-family home in Nevada jumped by almost 14% between 2020 and 2021.3 If you’re looking to buy your first home and you aren’t committed to living in Las Vegas, check out our list of affordable cities for first-time homebuyers to find a more affordable town to call—well—home.