Welcome to our 89509 real estate data hub, tailored for investors in Reno, NV. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 89509 in Reno, NV. Discover Section 8 housing opportunities and challenges to maximize your investment potential in WASHOE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Reno, NV real estate investing. Uncover the wealth of information available, and position yourself for success in the Reno property market.
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Location Overview
- Zip Code: 89509
- City: Reno
- State: NV
- Metro Area: Reno, NV
- County Name: WASHOE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $614,941
- Average Home Price (Single Family Homes): $631,270
- Average Monthly Rental Price (All Types): $1,713
- Price-to-Rent Ratio: 30
- Zillow Projected % appreciation from 4/2023-4/2024: -0.3%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,610
- Average 3 Bedroom Section 8 Rental Rates: $2,290
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 31.83
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 22.38
- Number of Units Offered in Section 8 in the County: 1981
- Number of Occupied Units in Section 8 in the County: 1881
- Percentage of Section 8 Units Occupied in the County: 95%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 300.25
- Total % Appreciation since 2000 (Government Data): 204.81
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -2.17%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -5.88%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.23%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 42.24%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 168.24%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 62.96%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 132.43%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.41%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.91%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 38.2%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 58.28%