The housing market in 89521 Reno, NV is fairly strong compared to the national average. The median value of a home in 89521 Reno, NV is $620,100, which is significantly higher than the US median value of $338,100. Over the past year, the appreciation rate for housing in 89521 Reno was 5.88%, which is slightly lower than the national rate of 8.27%. This suggests that while there has been some increase in home values in 89521 Reno, NV it has been at a slower rate than across the country as a whole.
The median home cost in Reno (zip 89521) is $620,100. Home appreciation the last 10 years has been 223.8%. Home Appreciation in Reno (zip 89521) is up 11.7%.
Average Age of Homes
- The median age of Reno (zip 89521) real estate is 14 years old
The Rental Market in Reno (zip 89521)
- Renters make up 24.6% of the Reno (zip 89521) population
- 0.6% of houses and apartments in Reno (zip 89521), 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.