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These days, finding an affordable place to live in the Reno area can be challenging. Home prices in Reno are now at a median cost of $308,555, higher than the Indiana average of $232,932.
The average cost of rent is $1,458/mo in Reno, primarily driven by the current value of real estate in the Reno area. In Reno, 3.90% of households rent, and 31.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Reno is $8,878 per month. Households that rent pay about 16.42% of their income on rent here. Reno’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Coatesville, IN: less expensive homes
- New Winchester, IN: equally priced homes
- Amo, IN: less expensive homes
- Groveland, IN: less expensive homes
- Springtown, IN: less expensive homes
- Hadley, IN: less expensive homes
- Fillmore, IN: less expensive homes
- Pecksburg, IN: equally priced homes
- Bainbridge, IN: less expensive homes
- Stilesville, IN: less expensive homes
Cities with Similar Populations
- Peters Prairie, TX: less expensive homes
- Raccoon Island, OH: less expensive homes
- Pine Hurst Park, NC: higher priced homes
- Pine Glen, PA: less expensive homes
- Piedra, CO: higher priced homes
- Pidcoke, TX: less expensive homes
- Pickwick, MS: less expensive homes
- Philip Junction, SD: less expensive homes
- Phelps, IL: higher priced homes
- Radium Springs, NM: less expensive homes
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