Reno, NV Metro Area - Investment Guide
Metro Area • 6 Cities • 22 ZIP Codes
Avg Home Value
$737,652
Avg Monthly Rent
$2,150
Avg Cap Rate
2.79%
Avg Investability
2.6 ★
Cities
6
ZIP Codes
22
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
❄️
COOL MARKET
Reno, NV Metro Area
More inventory, negotiating room for buyers
47 days
Average time to sell
Average
10.3%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Reno, NV
Every ZIP in the metro, ranked four ways. Free.
Cities in Reno, NV
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 89433 | Sun Valley | NV | $429,554 | $2,322 | 4.22% | |
| 89521 | Reno | NV | $705,778 | $2,316 | 2.56% | |
| 89502 | Reno | NV | $425,134 | $1,410 | 2.59% | |
| 89503 | Reno | NV | $459,186 | $1,893 | 3.22% | |
| 89434 | Sparks | NV | $460,627 | $1,946 | 3.29% | |
| 89441 | Sparks | NV | $709,126 | $2,493 | 2.74% | |
| 89523 | Reno | NV | $638,199 | $2,159 | 2.64% | |
| 89506 | Reno | NV | $448,475 | $2,078 | 3.61% | |
| 89436 | Sparks | NV | $562,581 | $2,285 | 3.17% | |
| 89439 | Verdi | NV | $807,019 | $2,020 | 1.95% | |
| 89508 | Reno | NV | $473,150 | $2,142 | 3.53% | |
| 89431 | Sparks | NV | $399,320 | $1,627 | 3.18% | |
| 89509 | Reno | NV | $663,646 | $1,773 | 2.08% | |
| 89502 | Reno | NV | $443,626 | $1,428 | 2.51% | |
| 89433 | Sun Valley | NV | $438,723 | $2,658 | 4.72% | |
| 89441 | Sparks | NV | $679,716 | $2,493 | 2.86% | |
| 89521 | Reno | NV | $712,819 | $2,477 | 2.71% | |
| 89503 | Reno | NV | $478,193 | $1,827 | 2.98% | |
| 89434 | Sparks | NV | $476,160 | $2,006 | 3.29% | |
| 89511 | Reno | NV | $1,094,689 | $1,969 | 1.40% | |
| 89523 | Reno | NV | $645,081 | $2,216 | 2.68% | |
| 89451 | Incline Village | NV | $1,406,357 | $3,579 | 1.98% | |
| 89506 | Reno | NV | $460,450 | $2,076 | 3.52% | |
| 89436 | Sparks | NV | $576,552 | $2,221 | 3.00% | |
| 89512 | Reno | NV | $350,568 | $1,490 | 3.32% | |
| 89439 | Verdi | NV | $824,022 | $2,068 | 1.96% | |
| 89519 | Reno | NV | $872,795 | $1,873 | 1.67% | |
| 89501 | Reno | NV | $418,191 | $1,603 | 2.99% | |
| 89431 | Sparks | NV | $388,831 | $1,586 | 3.18% | |
| 89508 | Reno | NV | $488,028 | $2,450 | 3.91% | |
| 89433 | Sun Valley | NV | $429,554 | $2,322 | 4.22% | |
| 89521 | Reno | NV | $694,455 | $2,238 | 2.51% | |
| 89502 | Reno | NV | $424,324 | $1,437 | 2.64% | |
| 89503 | Reno | NV | $457,196 | $1,750 | 2.99% | |
| 89434 | Sparks | NV | $460,627 | $1,946 | 3.29% | |
| 89441 | Sparks | NV | $703,203 | $2,493 | 2.77% | |
| 89523 | Reno | NV | $625,474 | $2,067 | 2.58% | |
| 89506 | Reno | NV | $447,563 | $2,145 | 3.74% | |
| 89436 | Sparks | NV | $562,581 | $2,285 | 3.17% | |
| 89511 | Reno | NV | $1,134,312 | $1,961 | 1.35% | |
| 89439 | Verdi | NV | $807,019 | $2,020 | 1.95% | |
| 89512 | Reno | NV | $359,710 | $1,589 | 3.45% | |
| 89451 | Incline Village | NV | $1,451,590 | $3,534 | 1.90% | |
| 89508 | Reno | NV | $471,260 | $2,142 | 3.55% | |
| 89509 | Reno | NV | $660,394 | $1,710 | 2.02% | |
| 89431 | Sparks | NV | $399,200 | $1,589 | 3.11% | |
| 89433 | Sun Valley | NV | $436,347 | $2,322 | 4.15% | |
| 89510 | Nixon | NV | $744,919 | $1,890 | 1.98% | |
| 89441 | Sparks | NV | $679,716 | $2,493 | 2.86% | |
| 89521 | Reno | NV | $712,549 | $2,468 | 2.70% |
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About Reno, NV Real Estate Market
The Reno, NV metropolitan statistical area (MSA) encompasses 6 cities and 22 ZIP codes. The average home value across the metro is $737,652, with an average monthly rent of $2,150. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.