Fastest-Appreciating ZIP Codes in Reno, NV (2026)
Ranked by 5-year compound annual growth in home values. Fast growth and strong cash flow rarely appear in the same ZIP — this is the other side of that trade.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 89511 | Reno, NV | $1,134,503 | $2,044 | 1.41% | 3.7% |
| 2 | 89439 | Verdi, NV | $827,593 | $2,191 | 2.06% | 3.5% |
| 3 | 89441 | Sparks, NV | $709,031 | $2,900 | 3.19% | 3.4% |
| 4 | 89523 | Reno, NV | $645,081 | $2,216 | 2.68% | 3.3% |
| 5 | 89509 | Reno, NV | $690,966 | $1,764 | 1.99% | 3.2% |
| 6 | 89433 | Sun Valley, NV | $443,555 | $2,684 | 4.72% | 3.0% |
| 7 | 89503 | Reno, NV | $480,727 | $1,840 | 2.99% | 3.0% |
| 8 | 89434 | Sparks, NV | $481,262 | $2,111 | 3.42% | 3.0% |
| 9 | 89431 | Sparks, NV | $407,574 | $1,734 | 3.32% | 3.0% |
| 10 | 89502 | Reno, NV | $443,188 | $1,489 | 2.62% | 2.8% |
| 11 | 89508 | Reno, NV | $488,982 | $2,450 | 3.91% | 2.8% |
| 12 | 89521 | Reno, NV | $712,819 | $2,477 | 2.71% | 2.8% |
| 13 | 89506 | Reno, NV | $460,917 | $2,177 | 3.68% | 2.8% |
| 14 | 89451 | Incline Village, NV | $1,487,294 | $4,064 | 2.13% | 2.6% |
| 15 | 89510 | Nixon, NV | $792,209 | $1,890 | 1.86% | 2.6% |
| 16 | 89436 | Sparks, NV | $578,309 | $2,268 | 3.06% | 2.2% |
| 17 | 89519 | Reno, NV | $902,406 | $2,106 | 1.82% | 2.1% |
| 18 | 89402 | Incline Village, NV | $2,921,639 | $2,070 | 0.55% | 1.9% |
| 19 | 89512 | Reno, NV | $360,860 | $1,664 | 3.60% | 1.9% |
| 20 | 89440 | Virginia City, NV | $425,789 | $2,034 | 3.73% | 0.2% |
| 21 | 89501 | Reno, NV | $420,873 | $1,725 | 3.20% | -0.6% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Reno, NV · Affordable in Reno, NV
Or see the full Reno, NV metro profile.