Reno, Nevada Real Estate Market Analysis

dynamic.RE

Reno, Nevada

22 ZIPs in this city:89501 89502 89503 89504 89505 89506 89507 89508 89509 89510 89511 89512 89513 89515 89519 89521 89523 89533 89557 89570 89595 89599

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-5.1%

Faster

Price vs US

159%

Above avg

Median Listing Price

$809K

Population

327,071

Households

135,167

Median Days on Market

Active Listings

765

New Listings

374

Housing Market

Pricing

Median Listing Price

$809K-0.6% YoY

Average Listing Price

$1.04M+7.1% YoY

Price per Sq Ft

$368.32+0.7% YoY

Median Sq Ft

2,115+0.3% YoY

Inventory

Active Listings

765-29.6% YoY

New Listings

374-14.2% YoY

Total Listings

1,212-18.9% YoY

Buyer Competition

Pending Listings

443+8.3% YoY

Pending Ratio

0.58+53.6% YoY

Median Days on Market

51-2.3% YoY

Price Reduced

19.8%-11.9% YoY

Units & Occupancy

2024 Occupancy

218Kunits

Occupied199,29691.4%
Vacant18,8698.6%

2024 Tenure

199Koccupied

Owner119,31259.9%
Renter79,98440.1%

Renter Share

40.1%-1.0% YoY

Total Housing Units

218,165+2.2% YoY

FY2026 Fair Market Rent — Washoe County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,289

/month

1 BR

$1,489

/month

2 BR

$1,870

/month

3 BR

$2,539

/month

4 BR

$2,949

/month

FMR Trends — Washoe County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

327,071+1.3% YoY

2024 Age Mix

327Kresidents

Under 1865,03219.9%
Adults 18–64202,35961.9%
65 & Over59,68018.2%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

38.97-0.1% YoY

Population Under 18

65,032+0.1% YoY

Population 65 & Over

59,680+4.0% YoY

Households & Mobility

Total Households

135,167+1.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.37-0.4% YoY

2024 Residential Mobility

of residents

Same house83.9%
Moved (within US)15.6%
Other0.6%

Veterans

7.5%-2.1% YoY

Income & Poverty

Median Household Income

$90K+3.2% YoY

Per-Capita Income

$50K+4.2% YoY

Mean Household Income

$120K+3.7% YoY

Below Poverty Level

11.6%+0.7% YoY

Commuting

2024 Commute Mode

of workers

Drove alone67.8%
Public transit2.1%
Worked from home12.9%
Other17.2%

Worked From Home

12.9%+13.8% YoY

Mean Commute

21.42-0.5% YoY

Units & Tenure

Total Housing Units

145,755+2.1% YoY

2024 Occupancy

146Kunits

Occupied135,16792.7%
Vacant10,5887.3%

2024 Tenure

135Khouseholds

Owner76,39556.5%
Renter58,77243.5%

Avg Household Size — Owner

2.47-0.4% YoY

Avg Household Size — Renter

2.24-0.8% YoY

County Demographics

Median Age

39.02024

Population

Washoe County Population

507,280+1.4% YoY

Households

Total Households

199,296+1.8% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.46-0.8% YoY

Age

2024 Age Mix

497Kresidents

Under 18102,93420.7%
Adults 18–64306,25661.6%
65 & Over88,01017.7%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

102,934-0.3% YoY

Population 65 & Over

88,010+3.4% YoY

Median Age

39.00+0.3% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house85.0%
Moved (within US)14.5%
Other0.5%

Veterans

7.5%-3.8% YoY

County Economy

Income

Median Household Income

$88K+2.9% YoY

Per-Capita Income

$49K+4.3% YoY

Mean Household Income

$121K+3.6% YoY

Poverty

Below Poverty Level

10.7%0.0% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone68.7%
Public transit1.9%
Worked from home12.6%
Other16.8%

Worked From Home

12.6%+12.5% YoY

Mean Commute

22.50+0.4% YoY

Reno, Nevada

22 ZIPs in this city:89501 89502 89503 89504 89505 89506 89507 89508 89509 89510 89511 89512 89513 89515 89519 89521 89523 89533 89557 89570 89595 89599

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-5.1%

Faster

Price vs US

159%

Above avg

Median Listing Price

$809K

Population

327,071

Households

135,167

Median Days on Market

Active Listings

765

New Listings

374

Housing Market

Pricing

Median Listing Price

$809K-0.6% YoY

Average Listing Price

$1.04M+7.1% YoY

Price per Sq Ft

$368.32+0.7% YoY

Median Sq Ft

2,115+0.3% YoY

Inventory

Active Listings

765-29.6% YoY

New Listings

374-14.2% YoY

Total Listings

1,212-18.9% YoY

Buyer Competition

Pending Listings

443+8.3% YoY

Pending Ratio

0.58+53.6% YoY

Median Days on Market

51-2.3% YoY

Price Reduced

19.8%-11.9% YoY

Units & Occupancy

2024 Occupancy

218Kunits

Occupied199,29691.4%
Vacant18,8698.6%

2024 Tenure

199Koccupied

Owner119,31259.9%
Renter79,98440.1%

Renter Share

40.1%-1.0% YoY

Total Housing Units

218,165+2.2% YoY

FY2026 Fair Market Rent — Washoe County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,289

/month

1 BR

$1,489

/month

2 BR

$1,870

/month

3 BR

$2,539

/month

4 BR

$2,949

/month

FMR Trends — Washoe County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

327,071+1.3% YoY

2024 Age Mix

327Kresidents

Under 1865,03219.9%
Adults 18–64202,35961.9%
65 & Over59,68018.2%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

38.97-0.1% YoY

Population Under 18

65,032+0.1% YoY

Population 65 & Over

59,680+4.0% YoY

Households & Mobility

Total Households

135,167+1.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.37-0.4% YoY

2024 Residential Mobility

of residents

Same house83.9%
Moved (within US)15.6%
Other0.6%

Veterans

7.5%-2.1% YoY

Income & Poverty

Median Household Income

$90K+3.2% YoY

Per-Capita Income

$50K+4.2% YoY

Mean Household Income

$120K+3.7% YoY

Below Poverty Level

11.6%+0.7% YoY

Commuting

2024 Commute Mode

of workers

Drove alone67.8%
Public transit2.1%
Worked from home12.9%
Other17.2%

Worked From Home

12.9%+13.8% YoY

Mean Commute

21.42-0.5% YoY

Units & Tenure

Total Housing Units

145,755+2.1% YoY

2024 Occupancy

146Kunits

Occupied135,16792.7%
Vacant10,5887.3%

2024 Tenure

135Khouseholds

Owner76,39556.5%
Renter58,77243.5%

Avg Household Size — Owner

2.47-0.4% YoY

Avg Household Size — Renter

2.24-0.8% YoY

County Demographics

Median Age

39.02024

Population

Washoe County Population

507,280+1.4% YoY

Households

Total Households

199,296+1.8% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.46-0.8% YoY

Age

2024 Age Mix

497Kresidents

Under 18102,93420.7%
Adults 18–64306,25661.6%
65 & Over88,01017.7%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

102,934-0.3% YoY

Population 65 & Over

88,010+3.4% YoY

Median Age

39.00+0.3% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house85.0%
Moved (within US)14.5%
Other0.5%

Veterans

7.5%-3.8% YoY

County Economy

Income

Median Household Income

$88K+2.9% YoY

Per-Capita Income

$49K+4.3% YoY

Mean Household Income

$121K+3.6% YoY

Poverty

Below Poverty Level

10.7%0.0% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone68.7%
Public transit1.9%
Worked from home12.6%
Other16.8%

Worked From Home

12.6%+12.5% YoY

Mean Commute

22.50+0.4% YoY