The Most Affordable Neighborhoods in Powning Addition, Reno, NV by Home Value

 

Powning Addition, Reno, NV Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Powning Addition area can be challenging. Home prices in Powning Addition are now at a median cost of $440,168, lower than the Reno average of $553,082.

The average cost of rent is $1,342/mo in Powning Addition, primarily driven by the current value of real estate in the Powning Addition area. In Powning Addition, 74.76% of households rent, and 62.75% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Powning Addition is $4,749 per month. Households that rent pay about 28.26% of their income on rent here. Powning Addition’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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