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Reno city, NV

ZIP 89501 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 89501

Median Home Value
$379,800
Median Rent
$1,047
Affordability Snapshot
$105,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,440/mo PITI).

38%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

11.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

30.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 89501 in Reno city, NV, a household would need roughly $105,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,440. That is about 218% above the local median household income ($32,990), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
23.6%-64% vs US avg
x
Vacancy Rate
15.9%+55% vs US avg
x
Broadband Access
76.3%-12% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
7.7%-40% vs US avg
x
Built Post-2014
2.1%-69% vs US avg
x
Rent Burden >30%
37.6%-24% vs US avg
x
Mortgage-Free
52.9%+38% vs US avg
x
$379,800
Home Value
$1,047
Rent
1974
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached2.8%
  • 1-unit attached0.5%
  • 2-9 units11.5%
  • 10+ units85.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$379,800
Median rent$1,047
Owner-occupied23.6%
Vacant15.9%
Price-to-income11.5x
Est. income to buy$105,000