Zip 89502 (Reno, NV) Housing

Reno, NV (89502) has a median housing value of $386,600, which is slightly higher than the US median housing value of $338,100. The US 1 year house appreciation rate was 8.27%, however Reno's 1 year house appreciation rate was 5.88%. This indicates that while the Reno housing market is growing at a slower rate than the rest of the country, it remains an attractive option for potential homebuyers.

The median home cost in Reno (zip 89502) is $386,600. Home appreciation the last 10 years has been 223.8%. Home Appreciation in Reno (zip 89502) is up 11.7%.

Average Age of Homes

- The median age of Reno (zip 89502) real estate is 41 years old

The Rental Market in Reno (zip 89502)

- Renters make up 57.7% of the Reno (zip 89502) population
- 2.8% of houses and apartments in Reno (zip 89502), 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
	20,138.0	139,647,020.0
	45	42
	$386,600	$338,100
	11.7%	16.6%
	67.0%	57.0%
	223.8%	101.1%
	$4.19	$10.98
	$1,296	$2,690
	31.5%	57.4%
	6.1%	11.2%
	62.4%	31.4%
Vacant Housing
	2.8%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	5.1%	2.6%
	2.6%	2.4%
	3.4%	2.8%
	1.5%	3.9%
	3.4%	4.5%
	3.8%	11.3%
	6.6%	13.0%
	21.2%	20.1%
	25.1%	13.6%
	13.7%	8.3%
	12.5%	9.7%
	0.9%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	6.3%	13.6%
	6.3%	13.6%
	11.1%	13.6%
	16.0%	13.2%
	35.4%	14.8%
	11.1%	13.6%
	10.5%	10.0%
	2.8%	4.7%
	4.0%	12.2%

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