Real Estate Investing in Genoa, Nevada (89411)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89411 (Genoa, NV)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 32.0% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 58.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Genoa, NV (89411)?
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Market Analysis: 89411 Genoa
The 89411 ZIP covers a section of Genoa that demands careful diligence. Prices near $1.2M look accessible, but the work to make a deal cash flow is real.
Rent of $1,656/mo on a $1.2M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 89411 sits below the stated 0.0% once reality is priced in.
Within NV, ZIP 89411 trails on several market indicators that neighboring Douglas County submarkets outperform. The gap is real and healthy enough to shape underwriting.
The 89411 ZIP's population of 1,264 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Genoa:
Market Trends
Home Value History (with trend line)
📊 How Does 89411 Compare?
| Metric | 89411 | Genoa | Gardnerville Ranchos, NV | Nevada |
|---|---|---|---|---|
| Home Value | $1,167,825 | $1,167,825 | N/A | $444,019 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 6.8% |
| Avg Rent | $1,656 | $1,656 | N/A | - |
| Cap Rate | 1.1% | 1.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 89411 (Genoa, NV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,167,825 |
| Monthly Rent | $1,656 |
| Price-to-Rent | 58.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.7% |
| Cap Rate | 1.1% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 89411
Population: 1,264
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Investor Insight: With 4,989 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Genoa, NV?
The median home value in Genoa, NV is roughly $1.2M. That puts it reasonable relative to the NV statewide average.
Is the tenant base reliable in Genoa, NV?
Genoa, NV draws a steady base of working renters. Demand at the $1,656/mo rent level is reasonable for standard single-family and small multi rentals.
How viable is house hacking in Genoa, NV?
House hacking in Genoa, NV is reasonable to execute. Prices around $1.2M and rents of $1,656/mo solid owner-occupant economics.
What approach is best for Genoa, NV real estate?
In Genoa, NV the notable play is typically careful cash-flow rentals with hands-on management. The combination of $1.2M prices and $1,656/mo rents suits that approach.
Is Genoa, NV a friendly market for rental owners?
Landlord-friendliness in Genoa, NV is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 89411 now. You don’t know where it ranks.
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How 89411 ranks in Gardnerville Ranchos, NV
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