Real Estate Investing in Reno, Nevada (89519)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89519 (Reno, NV)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
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 35.7 — hard to cash-flow at these prices.
What’s happening in Reno, NV (89519)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89519 Reno
Put differently, ZIP 89519 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $902K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 89519 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 89519 and stronger Reno ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 89519 ZIP's population of 8,718 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Experienced landlords with local relationships tend to find 89519 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 89519
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $423,929 | $2,510 | 4.3% | +7.4% | $211,965 |
| 3BR | $794,897 | $3,410 | 3.1% | +6.7% | $264,966 |
| 4BR | $1,094,415 | $3,960 | 2.6% | +7.3% | $273,604 |
| 5BR | $1,427,616 | — | — | +8.0% | $285,523 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89519 Compare?
| Metric | 89519 | Reno | Reno, NV | Nevada |
|---|---|---|---|---|
| Home Value | $902,406 | $280,888 | N/A | $444,019 |
| 5-Year CAGR | 2.1% | 2.5% | N/A | 6.8% |
| Avg Rent | $2,106 | $1,996 | N/A | - |
| Cap Rate | 1.8% | 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 89519 (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 | $902,406 |
| Monthly Rent | $2,106 |
| Price-to-Rent | 35.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 4.0% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.8%). 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 89519
Population: 8,718
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 89519
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ANDERSON ELEMENTARY
HUNTER LAKE ELEMENTARY
JESSIE BECK ELEMENTARY
MOUNT ROSE K-8 ACADEMY OF LANGUAGES
TURNING POINT
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
What is the average home sale price in Reno, NV?
Median home price in Reno, NV is near $902K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
Is Reno, NV better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Reno, NV. With home values at $902K and rents near $2,106/mo, other strategies can work but produce measured rather than outsized returns.
Does house hacking work in Reno, NV?
House hacking in Reno, NV is a challenging. With home values around $902K and rents at $2,106/mo, owner-occupants can offset a meaningful share of PITI.
Does Reno, NV make sense for an investment property?
Investors tracking Reno, NV will find a 2.0/5 rating supported by $902K median home values and $2,106/mo rents. That profile suits long-term holders targeting even-keeled returns.
How deep is the rental pool in Reno, NV?
Reno, NV offers a predictable renter base at the $2,106/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 89519 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89519 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 89519 ranks in Reno, NV
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