Reno, NV has a median housing value of $777,700, which is far higher than the national median of $338,100. Although the US 1 year house appreciation was 8.27%, Reno's 1 year appreciation rate is 5.88%. This is still significantly higher than the national average and reflects the strong real estate market in this area. With its high median housing value and strong appreciation rate, Reno remains an attractive location for potential homebuyers looking to invest.
The median home cost in Reno (zip 89519) is $777,700. Home appreciation the last 10 years has been 223.8%. Home Appreciation in Reno (zip 89519) is up 11.7%.
Average Age of Homes
- The median age of Reno (zip 89519) real estate is 24 years old
The Rental Market in Reno (zip 89519)
- Renters make up 23.0% of the Reno (zip 89519) population
- 0.0% of houses and apartments in Reno (zip 89519), 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.