Buying is typically cheaper long-term. Average rent ($1,650/mo) builds zero equity. A similar home purchased with FHA 3.5% down costs about $2,500/mo but builds $8,000+/year in equity. Most buyers break even within 2-4 years and save $60,000+ over 10 years.

The typical break-even point in Las Vegas is 2-4 years, depending on your down payment, rate, and home appreciation. If you plan to stay 5+ years, buying almost always wins financially. With FHA 3.5% down, the break-even comes even sooner.

Buyers pay property taxes (~1% of home value), homeowner insurance (~$1,200/year), maintenance (~1% of value/year), and HOA fees if applicable. However, these costs are offset by equity growth, tax deductions, and fixed payments vs rising rent.

Yes, with a FHA loan (3.5% down, seller pays closing costs) or down payment assistance programs. Nevada Housing Division offers up to 5% in down payment assistance. FHA requires just 3.5% down and allows 100% gift funds.

Las Vegas rents have increased an average of 3-5% annually over the past decade. A $1,650/month rent today becomes $2,215/month in 10 years at 3% annual growth — while a fixed-rate mortgage payment stays the same.