Reno, NV 89523 - Real Estate Investment Insights & Performance Data

Welcome to our 89523 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 89523 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.

• Location Overview

  • Zip Code: 89523
  • City: Reno
  • State: NV
  • Metro Area: Reno, NV
  • County Name: WASHOE COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $582,156
  • Average Home Price (Single Family Homes): $586,471
  • Average Monthly Rental Price (All Types): $1,984
  • Price-to-Rent Ratio: 24
  • Zillow Projected % appreciation from 4/2023-4/2024: -0.5%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,820
  • Average 3 Bedroom Section 8 Rental Rates: $2,590
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 26.66
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.73
  • 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%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 319.46
  • Total % Appreciation since 2000 (Government Data): 213.48
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.97%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -2.47%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.13%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 40.35%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 135.46%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 43.72%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 107.03%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -0.88%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.13%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 22%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 34.24%