Reno
Nevada · Ranked #350 of 373 metros
32Crisis
💡
Housing in Reno costs 6.09× the median income, above the national average of 4.5×. The median home price is $510K and median rent is $1,615/month. Reno ranks #350 of 373 metros for affordability.
Median Home Price
🏠$510K
Need $149K income
Median Rent
🔑$1,615
Need $64K income
Housing Shortage
📉15,000
units needed
Building Permits
🔨4,391
annual
Median Income
💰$84K
Pop: 490,486
Rent Burden
⚠️35.0%
of renters paying >30%
Price Change (YoY)
📈+3%
Homeownership
🏡64.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Reno | National |
|---|---|---|
| Price-to-Income Ratio | 6.09x | 6.1x |
| Rent Burden | 35.0% | 31.5% |
| Homeownership Rate | 64.0% | 65.5% |
| YoY Price Change | +3% | +3.5% |
| YoY Rent Change | +2% | +2.8% |
| Mortgage Denial Rate | 13.5% | 13.5% |
| Eviction Rate | 5.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +51.8%Since 2000: +237.1%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,289/mo
1 Bedroom$1,489/mo
2 Bedroom$1,870/mo
3 Bedroom$2,539/mo
4 Bedroom$2,949/mo
Zillow Market Data
Home Value (ZHVI)
$558K
1yr: -0.5%5yr: +26.4%
Rent (ZORI)
$1,895/mo
1yr: +7.1%5yr: +25.4%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$580K
Active Inventory
933
Days on Market
71
Sold Above List
22.7%
Price Drops
21.3%