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Reno, NV Real Estate

Reno anchors one of Nevada's largest metro areas with a population of about 268,959. The median home value is near $498,600, and median rent runs around $1,453/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$498,600
Median Rent
$1,453/mo
Population
268,959
Median Income
$78,448
Median Age
37.3
Homeownership
49.4%

Monthly payment on a median Reno home

Example for a $498,600 home: 20% down, 30-yr at ~6.75%, NV property tax ~0.48%, 0.4% insurance.

Est. monthly (PITI)
$2,953
Principal & interest
$2,587
Property tax / mo
$199
Down payment (20%)
$99,720

Reno at a glance

  • 21.4% of residents 25+ hold a bachelor's degree or higher.
  • 49.4% of occupied homes are owner-occupied.
  • Median household income is $78,448.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

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