Reno Metro Area, NV Housing

The cost of housing in Reno, NV Metro Area is significantly higher than the national median at $506,500. Despite this high cost, there has been a modest appreciation rate of 7.01% over the past year compared to the national rate of 8.27%. This suggests that Reno is a desirable place to live and that people are willing to pay for the quality of life and amenities associated with living in this area.

The median home cost in Reno Metro Area is $506,500. Home appreciation the last 10 years has been 215.7%. Home Appreciation in Reno Metro Area is up 12.0%.

Average Age of Homes

- The median age of Reno Metro Area real estate is 29 years old

The Rental Market in Reno Metro Area

- Renters make up 37.6% of the Reno Metro Area population
- 1.8% of houses and apartments in Reno Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Reno, Nevada	United States
	205,826.0	139,647,020.0
	32	42
	$506,500	$338,100
	12.0%	16.6%
	67.9%	57.0%
	215.7%	101.1%
	$5.09	$10.98
	$1,967	$2,690
	54.4%	57.4%
	7.5%	11.2%
	38.2%	31.4%
Vacant Housing
	1.8%	1.9%
	0.3%	0.4%
	0.7%	0.7%
	0.4%	0.4%
	2.2%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	1.0%	2.4%
	1.2%	2.8%
	0.9%	3.9%
	0.8%	4.5%
	2.6%	11.3%
	3.8%	13.0%
	16.4%	20.1%
	25.0%	13.6%
	18.1%	8.3%
	17.6%	9.7%
	5.2%	3.9%
	3.3%	2.2%
	1.2%	0.8%
	1.4%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	20.1%	13.6%
	20.1%	13.6%
	18.8%	13.6%
	14.8%	13.2%
	18.9%	14.8%
	18.8%	13.6%
	4.7%	10.0%
	2.3%	4.7%
	2.3%	12.2%

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