Reno housing market
Typical home value
$570K
▲ 2.1% 1 yr
Typical rent
$2,069/mo
▲ 8.2% 1 yr
12-month forecast
+2.4%
#213 of 546 metros
Gross rent yield
4.4%
#480 of 546 · U.S. 6.3%
Days to pending
43 days
▼ −9 days 1 yr
Listings with a price cut
29%
▼ −1.4 pts 1 yr
Key takeaways
- 1The typical home is worth $569,662, up 2.1% in a year and up 10% over five years.
- 2Zillow forecasts home values rising 2.4% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $2,069/mo (+8.2% YoY), a 4.4% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $3,131/mo in principal and interest, $1,062 more than renting.
- 5Homes go under contract in 43 days (−9 days vs last year); 29% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 41/100, #260 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Reno compares
| Measure | Reno | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.1% | +1.2% | #280 |
| Home value, 5-yr change | +10.2% | +19.7% | |
| 12-month forecast | +2.4% | +1.1% | #213 |
| Rent, 1-yr change | +8.2% | +2.7% | #29 |
| Gross rent yield | 4.4% | 6.3% | #480 |
| Price-to-rent ratio | 22.9 | 15.8 | |
| Mortgage P&I on typical home | $3,131 | $2,012 | |
| Income needed to buy | $142,747 | $100,902 | |
| Days to pending | 43 | 56 |
Cities in the Reno metro
3 cities with home value and rent data.
| Reno | $572K | ▲ 2.0% | $1,997 | ▲ 8.1% | 4.2% |
| Sparks | $534K | ▲ 2.4% | $2,140 | ▲ 10.1% | 4.8% |
| Incline Village | $1.53M | ▲ 6.1% | $4,490 | ▲ 7.6% | 3.5% |
Run the numbers
Rental property calculator
Cash flow on a typical Reno rental ($570K, $2,069/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Reno home.
Rent vs buy
Is it cheaper to rent or buy in Reno?
Other Nevada metros
Las Vegas, NV
$423K home$1,732 rent4.9% yield
▼ 2.6% 1 yr
Fernley, NV
$421K home$2,095 rent6.0% yield
▲ 3.7% 1 yr
Carson City, NV
$494K home$2,070 rent5.0% yield
▲ 1.0% 1 yr
Elko, NV
$369K home$1,698 rent5.5% yield
▲ 2.3% 1 yr
Pahrump, NV
$355K home$1,471 rent5.0% yield
▲ 0.7% 1 yr
Gardnerville Ranchos, NV
$704K home$2,616 rent4.5% yield
▲ 2.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.