Real Estate Investing in Reno, Nevada (89511)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89511 (Reno, NV)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 46.2 — hard to cash-flow at these prices.
What’s happening in Reno, NV (89511)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89511 Reno
Not every below-median market is a bargain. Reno's 89511 ZIP reports signals that favor experienced operators who can absorb the risk $1.1M pricing implies.
For an experienced owner, 89511 can be a an appealing option for hunting ground — but the discount at $1.1M reflects genuine risk that outside investors often underestimate.
The gap between 89511 and stronger Reno ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 89511 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 89511 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Reno:
Property Strategy for 89511
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $211,685 | $1,820 | 6.2% | +2.4% | $211,685 |
| 2BR | $448,192 | $2,290 | 3.7% | +6.4% | $224,096 |
| 3BR | $878,375 | $3,110 | 2.5% | +7.8% | $292,792 |
| 4BR | $1,284,020 | $3,610 | 2.0% | +9.1% | $321,005 |
| 5BR | $1,723,315 | — | — | +10.3% | $344,663 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89511 Compare?
| Metric | 89511 | Reno | Reno, NV | Nevada |
|---|---|---|---|---|
| Home Value | $1,134,503 | $280,888 | N/A | $444,019 |
| 5-Year CAGR | 3.7% | 2.5% | N/A | 6.8% |
| Avg Rent | $2,044 | $1,996 | N/A | - |
| Cap Rate | 1.4% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 89511 (Reno, NV). Anonymous, moderated, never written by AI.
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Property managers serving Washoe County
Manage rentals here? List your business →Incline Property Management has been working with homeowners in the Reno, Carson, and Lake Tahoe region since 1979, specializing in quality second home care, grounds maintenance, home cleaning, inspec summary from their website
PMI Reno provides residential and commercial property management services, including marketing, tenant screening, rent collection, and maintenance. summary from their website
Real Property Management Corazon offers property management services in Reno, NV. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,134,503 |
| Monthly Rent | $2,044 |
| Price-to-Rent | 46.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | -4.5% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +1.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.4%). 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 89511
Population: 30,214
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
🎓 Schools in 89511
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 7,241 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How tight is the rental market in Reno, NV?
Expect elevated vacancy in Reno, NV. Rents at $2,044/mo are absorbed by the tenant base without meaningful lag.
How much should I expect to pay for a home in Reno, NV?
In Reno, NV the median home value sits at $1.1M. Against the broader NV market, that reads as reasonable for most investors.
How much do tenants pay in Reno, NV?
Rents in Reno, NV run near $2,044/mo. Compared with median home prices of $1.1M that produces solid gross yields for typical rentals.
Does Reno, NV favor landlords or tenants?
Landlord-friendliness in Reno, NV is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Reno, NV a smart market for rental property?
Reno, NV scores 2.0/5 for investability. Home values sit at $1.1M and rents near $2,044/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 89511 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89511 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 89511 ranks in Reno, NV
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