In Reno, a typical home is worth $548,300 and typical rent is $1,556 a month. Compared with all of Washoe County, typical household income is 8% lower and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $515,306 to $571,562.
Typical rent
$1,997a month
▲ 8.1% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,698 to $1,997.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Reno is in Washoe County. The FHA loan limit ($638,250 for a one-unit home), the fair market rents and the help on this page are those of all of Washoe County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Sun Valley, the typical home value is $349,100: 36% less than in Reno ($548,300).
2
Nearby, in Sun Valley, the typical rent is $1,214: 22% less than in Reno ($1,556).
3
According to Zillow, in the 12 months to September 2026 the typical home value in Reno rose 2%; in Nevada, it fell 1.6%.
4
Reno has the 3rd lowest homeownership rate of the 32 cities in Nevada with more than 5,000 people (50%).
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Reno
What homes there are in Reno, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and other
Reno
Washoe County
Nevada
United States
Kind of home: Reno and its comparisons
Measure
Reno
Washoe County
Nevada
United States
Detached house
50%
59%
60%
61%
Attached house
6%
5%
5%
6%
Building of 2 to 4
8%
7%
7%
8%
Apartments (5 or more)
32%
24%
22%
19%
Mobile home
4%
5%
5%
6%
Boat, RV and other
0%
0%
0%
0%
The detached house is still the most common home in Reno, but it weighs less than in Washoe County: 50% against 59%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Reno
Washoe County
Nevada
United States
Year built: Reno and its comparisons
Measure
Reno
Washoe County
Nevada
United States
Before 1960
12%
9%
5%
26%
1960–1979
26%
26%
17%
24%
1980–1999
27%
30%
37%
25%
2000–2009
19%
20%
26%
14%
2010 or later
17%
16%
15%
11%
In Reno, half of the homes were built before 1990; in Washoe County, before 1991.
In Reno, 21% of homes have 1 bedroom or none (studios); 50% have 3 bedrooms or more, against 60% in Washoe County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K6%
$100K–$200K2%
$200K–$300K5%
$300K–$500K30%
$500K–$750K34%
FHA limit: $638,250
$750K–$1M15%
$1M or more8%
Value of owner-occupied homes: Reno and its comparisons
Measure
Reno
Under $100K
6%
$100K–$200K
2%
$200K–$300K
5%
$300K–$500K
30%
$500K–$750K
34%
$750K–$1M
15%
$1M or more
8%
About 62% of owner-occupied homes in Reno are worth less than the FHA loan limit for Washoe County ($638,250); the rest are worth more.
Monthly rent with utilities
Under the limitOver the limit
Under $5005%
$500–$99911%
$1,000–$1,49931%
$1,500–$1,99929%
HUD fair market rent, 2 bedrooms: $1,837
$2,000–$2,49916%
$2,500–$2,9995%
$3,000 or more4%
Monthly rent with utilities: Reno and its comparisons
Measure
Reno
Under $500
5%
$500–$999
11%
$1,000–$1,499
31%
$1,500–$1,999
29%
$2,000–$2,499
16%
$2,500–$2,999
5%
$3,000 or more
4%
About 66% of rented homes in Reno cost less than HUD's 2-bedroom fair market rent for Washoe County ($1,837).
With a mortgage
$2,113 a month
Washoe County: $2,117 a month
Without a mortgage
$592 a month
Washoe County: $601 a month
Owners with a mortgage
65%
Washoe County: 65%
Owning costs about the same in Reno as in Washoe County: with a mortgage, $2,113 a month; without one, $592.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Reno+64%
Washoe County+62%
Nevada+63%
United States+53%
Typical rent
Reno+51%
Washoe County+50%
Nevada+44%
United States+33%
Typical household income
Reno+37%
Washoe County+36%
Nevada+30%
United States+29%
Change since 2015–2019: Reno and its comparisons
Measure
Reno
Washoe County
Nevada
United States
Typical home value
+64%
+62%
+63%
+53%
Typical rent
+51%
+50%
+44%
+33%
Typical household income
+37%
+36%
+30%
+29%
From 2015–2019 to 2020–2024, home values in Reno rose at about the same pace as in Washoe County: 64% against 62%.
Much as in Washoe County, the typical rent in Reno rose 51% since 2015–2019.
Here income did not keep up with housing: it rose 37%, while home values changed +64% and rent +51%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Reno and its comparisons
Measure
Reno
Washoe County
Nevada
United States
Rental vacancy
5.7%
6.2%
6.8%
5.5%
Homeowner vacancy
1.7%
1.1%
1.1%
0.9%
More than one person per room
4.5%
4.3%
4.4%
3.4%
People per household
2.33
2.46
2.62
2.53
Drive alone
67%
69%
71%
69%
Carpool
12%
12%
11%
9%
Public transit
2%
2%
2%
3%
Walk or bike
3%
2%
2%
3%
Work from home
12%
13%
12%
15%
Other means
3%
3%
2%
2%
Typical commute
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
In Reno, the rental vacancy rate is 5.7%, about the same as in Washoe County.
In Reno, 4.5% of households live with more than one person per room, about the same as in Washoe County.
On average, a household in Reno has 2.33 people, fewer than in Washoe County (2.46).
To get to work, 67% of workers in Reno drive alone; in Washoe County, 69%.
Do the math
What would you pay each month for a home in Reno?
A typical home costs more than the typical income allows
We start with a typical home in Reno, worth $548,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 64% of the typical household income in Reno, which is $80,760 a year. For that payment to be 28% of income, a household would need to earn about $184,909 a year.
The calculator's FHA and conventional loan limits are those of all of Washoe County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Reno. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $19,191 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$4,315
at 7.18% · 30 years
Loan amount
$538,368
Total interest
$774,586
Paid off in
November 2056
Includes $9,259 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,884 a month
Tight
$1,884 to $2,423 a month
Hard
more than $2,423 a month
Your payment · 64%
Compared with the typical household income in Reno ($80,760 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,647
Property tax
$197
Home insurance
$229
FHA mortgage insurance (MIP)
$243
You need at least $19,191 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $4,315; principal and interest $3,647.
The city and its county
Reno and Washoe County
Reno is in Washoe County, Nevada. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Reno
Map of Washoe County, Nevada, with Reno marked. Around it, the neighboring counties.
Reno
Washoe County
Other cities with a page
Reno's own numbers
Typical home value
$548,300
Typical monthly rent
$1,556
Typical yearly household income
$80,760
Households that own their home
50%
Effective property tax rate
0.43%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Washoe County
FHA limit, one-unit home
$638,250
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,837
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
1.7%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Washoe County.
A typical home in Reno is worth $548,300: about the same as the county and 26% above Nevada. With the typical household income in Reno ($80,760 a year), a typical home costs 6.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Reno6.8 years
Washoe6.1 years
Nevada5.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Washoe County
According to FHFA’s house price index, home prices in Washoe County rose 116% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Washoe County.
Yearly change in FHFA’s price index in Washoe County, 2016 to 2025
2016: +12.1% +12.1% 2016
2017: +9.5% +9.5% 2017
2018: +10.8% +10.8% 2018
2019: +5.6% +5.6% 2019
2020: +3.2% +3.2% 2020
2021: +17.3% +17.3% 2021
2022: +15.9% +15.9% 2022
2023: −0.2% −0.2% 2023
2024: +4.7% +4.7% 2024
2025: +2.4% +2.4% 2025
Change in FHFA’s price index in Washoe County, Nevada and the United States
Period
County
Nevada
U.S.
Last year (2025)
+2.4%
+2.2%
+2.9%
5 years (2020–2025)
+45%
+49%
+47%
10 years (2015–2025)
+116%
+121%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Reno next to Washoe County, Nevada and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Reno$548,300
Washoe$539,900
Nevada$435,400
United States$332,700
Typical monthly rent
Reno$1,556
Washoe$1,608
Nevada$1,597
United States$1,413
Typical yearly household income
Reno$80,760
Washoe$88,096
Nevada$78,260
United States$80,734
See the full table
Reno next to Washoe County and Nevada
Measure
Reno
Washoe County
Nevada
U.S.
Typical home value
$548,300
$539,900
$435,400
$332,700
Typical monthly rent
$1,556 ▼3% below the county
$1,608
$1,597
$1,413
Typical yearly household income
$80,760 ▼8% below the county
$88,096
$78,260
$80,734
Households that own their home
50% ▼10 points below the county
60%
60%
65%
Typical yearly property tax
$2,358
$2,385
$2,027
$3,119
Effective property tax rate
0.43% ▼0.01 points below the county
0.44%
0.47%
0.94%
Renters with high rent for their income
53% ▲1 points above the county
52%
56%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Washoe County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Reno
For a typical $548,300 home in Reno, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Reno's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$4,315a month
Least cash to close
Down payment
$19,191
Cash to close
$35,640
Rate
7.18%
Mortgage insurance
FHA MIP · $243
Conventional, 5% down$4,214a month
Down payment
$27,415
Cash to close
$43,864
Rate
7.18%
Mortgage insurance
PMI · $260
Conventional, 20% down, no PMI$3,396a month
Down payment
$109,660
Cash to close
$126,109
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,903a month
Down payment
$82,245
Cash to close
$98,694
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Reno
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$4,315
$19,191
$538,369
7.18%
FHA MIP · $243
$35,640
580
Conventional, 5% down
$4,214
$27,415
$520,885
7.18%
PMI · $260
$43,864
620*
Conventional, 20% down, no PMI
$3,396
$109,660
$438,640
7.18%
None
$126,109
620*
ITIN, 15% down (example)
$3,903
$82,245
$466,055
8.18%
None
$98,694
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Reno is $1,556 a month: 3% below the county. In Reno, 53% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Washoe County, by unit size. To pay the 2-bedroom one ($1,837 a month) without spending more than 30% of your income, you would need to earn $35.33 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Washoe County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,279
$24.60
$51,160
1 bedroom
$1,460
$28.08
$58,400
2 bedrooms
$1,837
$35.33
$73,480
3 bedrooms
$2,452
$47.15
$98,080
4 bedrooms
$2,842
$54.65
$113,680
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Reno
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Reno has 8 ZIP codes with their own.
For 2 bedrooms it runs from $1,690 in 89501 to $2,090 in 89506.
2 of the 8 are above the fair market rent for Washoe County ($1,837).
2-bedroom fair market rent in each of the 8 ZIP codes of Reno, beside the one for Washoe County. For 2 bedrooms it runs from $1,690 in 89501 to $2,090 in 89506. 2 of the 8 are above the fair market rent for Washoe County ($1,837).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,837
Lowest: $1,690 (89501)Highest: $2,090 (89506)
Fair market rent by ZIP code and size in Reno, fiscal year 2027.
89501
$1,170
$1,350
$1,690
$2,290
$2,660
89502
$1,170
$1,350
$1,690
$2,290
$2,660
89503
$1,170
$1,350
$1,690
$2,290
$2,660
89506
$1,460
$1,660
$2,090
$2,790
$3,230
89509
$1,270
$1,450
$1,820
$2,430
$2,820
89512
$1,170
$1,350
$1,690
$2,290
$2,660
89523
$1,360
$1,560
$1,960
$2,620
$3,030
89557
$1,170
$1,350
$1,690
$2,290
$2,660
ZIP code2 bd3 bd
89501 $1,690$2,290
89502 $1,690$2,290
89503 $1,690$2,290
89506 $2,090$2,790
89509 $1,820$2,430
89512 $1,690$2,290
89523 $1,960$2,620
89557 $1,690$2,290
4 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Reno when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 65 buildings with rents for lower incomes in Reno. These are the largest.
Steamboat By Vintage600 Geiger Grade Rd, Reno 89521360 low-income homes · 1 bd: 78 · 2 bd: 168 · 3 bd: 84 · 4 bd: 5 · In service since 2020
Southwest Village Apartments3295 S Virginia St, Reno 89502332 homes, 331 low-income · 1 bd: 98 · 2 bd: 213 · In service since 2006
The Bluffs Apartments4050 Gardella Ave, Reno 89512300 homes, 298 low-income · 2 bd: 132 · 3 bd: 120 · 4 bd: 48 · In service since 2003 · For people with disabilities, families
Diamond Creek ApartmentsSouth Meadows Parkway, Reno 89521288 low-income homes · 2 bd: 38 · 4 bd: 87 · In service since 2000 · For families
Sky Mountain By Vintage1405 Sky Mountain Dr, Reno 89523288 low-income homes · 1 bd: 74 · 2 bd: 144 · 3 bd: 70 · In service since 2020
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Washoe County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Reno or Washoe County. The ones below are statewide in Nevada: they work in Reno the same as in the rest of the state.
Nevada Housing Division program: up to 5% of the loan for the down payment or closing costs, with no first-time buyer requirement.Offered by Nevada Housing Division.
Nevada Housing Division program for first-time buyers: a 30-year mortgage with interest-free help for the down payment and closing costs of up to 4% of the loan, which is not forgiven.Offered by Nevada Housing Division.
$7,500 from the Nevada Housing Division for public school teachers, for the down payment and closing costs; forgiven after five years if you still live in the home.Offered by Nevada Housing Division.
Short answers with the numbers for Reno and all of Washoe County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Reno?
The typical home value in Reno is $548,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Washoe County it is $539,900.
How much does it cost to rent in Reno?
Typical rent in Reno is $1,556 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Washoe County is $1,837.
What is the FHA loan limit in Reno?
Reno uses the FHA limit for all of Washoe County (2026): $638,250 for a one-unit home and $1,227,400 for a four-unit home.
How much property tax do owners pay in Reno?
The typical homeowner in Reno pays $2,358 a year, according to the U.S. Census Bureau. That is 0.43% of the home’s value; in Washoe County, the rate is 0.44%.
Where can I find free help to buy or rent in Reno?
We found no HUD-approved counseling agencies with an office in Washoe County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
