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These days, finding an affordable place to live in the Northwest area can be challenging. Home prices in Northwest are now at a median cost of $605,011, higher than the Reno average of $553,082.
The average cost of rent is $2,279/mo in Northwest, primarily driven by the current value of real estate in the Northwest area. In Northwest, 30.95% of households rent, and 33.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Northwest is $9,694 per month. Households that rent pay about 23.51% of their income on rent here. Northwest’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Southwest, Reno, NV: higher priced homes
- Old Northwest-West University, Reno, NV: equally priced homes
- Powning Addition, Reno, NV: less expensive homes
- Midtown, Reno, NV: less expensive homes
- Northeast, Reno, NV: less expensive homes
- South Central, Reno, NV: less expensive homes
- North Valleys, Reno, NV: less expensive homes
- East Reno, Reno, NV: less expensive homes
- South Reno, Reno, NV: equally priced homes
- Foothill Meadows, Sparks, NV: equally priced homes
Neighborhoods with Similar Populations
- Dyker Heights, Brooklyn, NY: higher priced homes
- North Torrance, Torrance, CA: higher priced homes
- Excelsior, San Francisco, CA: higher priced homes
- Ettingville, Staten Island, NY: higher priced homes
- Silver Lake, Los Angeles, CA: higher priced homes
- North San Jose, San Jose, CA: higher priced homes
- Edenvale-Seven Trees, San Jose, CA: higher priced homes
- North Lawndale, Chicago, IL: less expensive homes
- South Dorchester, Boston, MA: higher priced homes
- East Side, Long Beach, CA: higher priced homes
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