The story of this market
The typical home in Reno, Nevada sells for about $589,995, or $332 per square foot.
Prices are up +10% from a year ago, so sellers still have some momentum. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $1,792 a month.
Monthly price momentum
Home values since 2015
-0.3%
NV · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Reno, Nevada
The Reno housing market is showing signs of stabilization after a period of cooling, with median prices holding steady and inventory remaining tight. While sales volume has moderated, the city's strong job base and lack of state income tax continue to support demand. Buyers are increasingly selective, leading to a competitive environment for well-priced, move-in-ready homes.
No ARED county foreclosure postings attributed to Reno yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Deterministic aggregate of 11 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 0.1% year over year.
Homes spend a median of 55 days on market with 0.2 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 6.18% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 11.5% — a stable, low-distress profile.
- Coconut Bowl at Wild Island4.55.4 mi
- Fly High Trampoline Park Reno Sparks4.53.8 mi
- The Waterpark at Wild Island4.45.4 mi
- Need 2 Speed4.22.2 mi
- Birdeez Reno4.80.3 mi
- Grand Sierra Resort and Casino4.31.8 mi
- Reno-Sparks Convention Center4.33.2 mi
- National Automobile Museum4.80.4 mi
- Coconut Bowl at Wild Island4.55.4 mi
- Reno Public Market4.11.7 mi
- Grand Sierra Resort and Casino4.31.8 mi
- Mt. Rose - Ski Tahoe4.615.3 mi
- Idlewild Park4.61.1 mi
- Rancho San Rafael Regional Park4.71.2 mi
- Cinemark Century Park Lane 16 and XD4.32.1 mi
- National Automobile Museum4.80.4 mi
- The Discovery4.70.6 mi
- Nevada Museum of Art4.60.6 mi
- Historic Stateline Fire Lookout4.923.1 mi
- Republic of Molossia4.520.5 mi
- Idlewild Park4.61.1 mi
- Rancho San Rafael Regional Park4.71.2 mi
- Golden Eagle Regional Park4.79.2 mi
- Hunter Creek Trailhead4.85 mi
- Mayberry Park4.74.8 mi
- North Lake Tahoe Boat Rental523.6 mi
- Red Hawk Golf and Resort4.48.9 mi
- Washoe County Golf Course4.12.2 mi
- Lakeridge Golf Course4.43.7 mi
- Sierra Sage Golf Course4.67.6 mi
- The Club at ArrowCreek4.48.2 mi
- Grand Sierra Resort and Casino4.31.8 mi
- Meadowood Mall4.34.2 mi
- WinCo Foods4.32.3 mi
- Legends at Sparks Marina4.55 mi
- WinCo Foods4.56.6 mi
- Reno-Tahoe International Airport4.32.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A central feature of the city providing recreational trails and the Whitewater Park, serving as a focal point for downtown revitalization.
A vibrant urban corridor known for its local boutiques, restaurants, and nightlife, driving significant foot traffic and property interest.
A large regional park offering extensive hiking trails and educational facilities, highly valued by residents for its natural beauty.
A premier private golf community that anchors high-end residential demand in the southwest portion of the city.
A critical economic anchor providing regional connectivity and supporting the logistics and tourism sectors.
Reno is well-suited for tech professionals and logistics workers seeking a balance between urban amenities and outdoor access, as well as investors attracted by the tax-friendly environment. It also appeals to families looking for suburban living in the South Reno area and those who prioritize proximity to the Sierra Nevada mountains.
The Washoe County School District serves the city, offering a mix of highly-rated magnet programs and standard neighborhood schools. Academic performance varies significantly by neighborhood, with suburban areas often showing higher proficiency scores than those in the urban core.
The city is served by a network of highways including I-80 and US-395, providing critical links to California and the broader region. Public transit is managed by the Regional Transportation Commission (RTC) of Washoe County, which operates bus services throughout the urban core.
Reno offers an extensive amenity base including the Truckee River Whitewater Park, numerous regional parks like Galena Creek, and proximity to world-class skiing and outdoor recreation in the Sierra Nevada. The city also features a vibrant arts and dining scene in the Midtown District and various golf courses such as Lakeridge and Montreux.
The rental market remains tight with low vacancy rates, driven by consistent in-migration and a limited supply of new multi-family units. Investors find favorable conditions due to the absence of state income tax and steady demand from the growing tech workforce.
Reno's economy is driven by a robust mix of technology, logistics, and manufacturing, with major employers including the University of Nevada, Reno, and various firms within the Tahoe-Reno Industrial Center. The city continues to see momentum from corporate relocations and a growing professional services sector.
Reno's economy is anchored by a transition from gaming to a diverse mix of technology, logistics, and manufacturing, bolstered by the Tahoe-Reno Industrial Center. Significant infrastructure investment continues to support the city's expansion, with ongoing development in the South Meadows and downtown areas.
Development activity is focused on infill projects in the downtown and midtown areas, alongside master-planned residential expansions in the southern and western fringes of the city.
Parcels in Reno may be subject to various special districts, including those for flood control, utility services, and public improvement districts (PIDs) that fund infrastructure in newer developments.
Reno experiences crime rates that are generally higher than the national average, with property crime being the most prevalent concern. Local law enforcement continues to focus on community-based policing strategies to address trends in the downtown and midtown corridors.
Reno faces moderate wildfire risks, particularly in the wildland-urban interface areas bordering the Sierra Nevada foothills. Flood risks are primarily concentrated along the Truckee River corridor, and residents are encouraged to maintain appropriate insurance coverage for these regional hazards.
Property insurance premiums in the region are influenced by wildfire risk assessments, with many carriers adjusting rates based on proximity to wildland-urban interface zones.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Nevada) — Disabled Veterans Property Tax Exemption: Provides a partial exemption from property taxes based on the veteran's disability rating, which is applied to the assessed value of the property. State (Nevada) — Nevada Property Tax Assessment and Levy: Property tax is calculated using the formula: (Taxable Value * 0.35) * Tax Rate = Total Property Tax. Taxable value is determined by county assessors, and the assessment ratio is fixed at 35% of taxable value.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov for Reno city, Nevada.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.