Reno, NV, zip code 89523 has a median housing value of $555,300. This is significantly higher than the US median housing value of $338,100. In the past year, the US median home appreciation rate has been 8.27%, while Reno's appreciation rate was 5.88%. This suggests that Reno is a desirable location for prospective homeowners looking for solid investments in real estate.
The median home cost in Reno (zip 89523) is $555,300. Home appreciation the last 10 years has been 223.8%. Home Appreciation in Reno (zip 89523) is up 11.7%.
Average Age of Homes
- The median age of Reno (zip 89523) real estate is 20 years old
The Rental Market in Reno (zip 89523)
- Renters make up 42.6% of the Reno (zip 89523) population
- 0.6% of houses and apartments in Reno (zip 89523), 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.