Zip 89503 (Reno, NV) Housing

Reno, NV 89503 has a median housing value of $403,500 which is significantly higher than the national median house value of $338,100. Although the one year appreciation rate of Reno's housing market is not as high as the US average at 8.27%, it still achieved an appreciation rate of 5.88%, indicating that its housing market remains strong.

The median home cost in Reno (zip 89503) is $403,500. Home appreciation the last 10 years has been 223.8%. Home Appreciation in Reno (zip 89503) is up 11.7%.

Average Age of Homes

- The median age of Reno (zip 89503) real estate is 45 years old

The Rental Market in Reno (zip 89503)

- Renters make up 51.3% of the Reno (zip 89503) population
- 1.9% of houses and apartments in Reno (zip 89503), 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
	13,516.0	139,647,020.0
	47	42
	$403,500	$338,100
	11.7%	16.6%
	67.0%	57.0%
	223.8%	101.1%
	$5.09	$10.98
	$1,330	$2,690
	41.8%	57.4%
	6.1%	11.2%
	52.2%	31.4%
Vacant Housing
	1.9%	1.9%
	0.4%	0.4%
	0.4%	0.7%
	0.4%	0.4%
	1.3%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	0.8%	2.4%
	1.0%	2.8%
	0.0%	3.9%
	0.2%	4.5%
	3.3%	11.3%
	2.4%	13.0%
	19.7%	20.1%
	42.4%	13.6%
	19.5%	8.3%
	6.3%	9.7%
	1.2%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	1.2%	1.1%
Housing Units by Year Structure Built
	1.5%	0.2%
	7.4%	13.6%
	7.4%	13.6%
	14.3%	13.6%
	11.7%	13.2%
	19.8%	14.8%
	14.3%	13.6%
	10.0%	10.0%
	6.6%	4.7%
	5.2%	12.2%

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