The housing market in 89512 Reno, NV is slightly lower than the national median value, currently sitting at $311,100 compared to the US House Median Value of $338,100. The US 1 year House Appreciation is 8.27%, however the appreciation rate in 89512 Reno, NV is 5.88%. Reno is a great place to invest in real estate due to its affordable prices and reasonable rates of appreciation. It's an attractive option for those looking to buy a home or invest in property without breaking the bank.
The median home cost in Reno (zip 89512) is $311,100. Home appreciation the last 10 years has been 223.8%. Home Appreciation in Reno (zip 89512) is up 11.7%.
Average Age of Homes
- The median age of Reno (zip 89512) real estate is 36 years old
The Rental Market in Reno (zip 89512)
- Renters make up 57.2% of the Reno (zip 89512) population
- 3.4% of houses and apartments in Reno (zip 89512), 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.