Reno, NV Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Reno, NV offers balanced conditions for buyers.
- •Prices are essentially flat (-0.5% YoY) — good negotiating leverage for buyers.
- •Price-to-rent ratio: 24.5 — renting may be more affordable in the near term.
Median Home Value
$557,732
ZHVI
Year-over-Year
-0.5%
Price change
5-Year Change
+26.4%
Since 2021
Median Rent
$1,895/mo
ZORI
Active Listings
1,411
For sale
State Avg
$442,655
Nevada
Home Value Trends
5-year Zillow Home Value Index for Reno, NV vs. state and national averages.
Rent Data
Median Rent
$1,895/mo
Rent YoY Change
+7.1%
Other Markets in Nevada
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.