Home Price Key
Affordable
Average
Expensive
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 $399,395, higher than the Nevada average of $321,492.
The average cost of rent is $1,600/mo in Reno, primarily driven by the current value of real estate in the Reno area. While nearly 41.66% of residents own their homes outright in Reno, 41.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Reno is $7,227 per month. Households that rent pay about 22.14% of their income on rent here. Reno's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Sun Valley, NV: less expensive homes
- Sparks, NV: less expensive homes
- Verdi, NV: higher priced homes
- Lemmon Valley, NV: less expensive homes
- Verdi, CA: less expensive homes
- Spanish Springs, NV: higher priced homes
- Copperfield, NV: less expensive homes
- Floriston, CA: higher priced homes
- Cold Springs, NV: equally priced homes
- Washoe Valley, NV: higher priced homes
Cities with Similar Populations
- Northridge, CA: higher priced homes
- New Britain, CT: less expensive homes
- Murfreesboro, TN: less expensive homes
- Myrtle Beach, SC: less expensive homes
- North Charleston, SC: less expensive homes
- Mountain View, CA: higher priced homes
- Nashville, TN: less expensive homes
- Mount Pleasant, SC: higher priced homes
- Newport News, VA: less expensive homes
- New Haven, CT: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood