Home Values

Washoe County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$235,600

  • 12.9% 1-year change
  • 2.9% 1-year forecast

The median home value in Washoe County is $235,600. Washoe County home values have gone up 12.9% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in Washoe County is $149, which is the same as the Reno Metro average of $149. The median price of homes currently listed in Washoe County is $299,000 while the median price of homes that sold is $236,250. The median rent price in Washoe County is $1,250, which is the same as the Reno Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Washoe County 4.0 homes are foreclosed (per 10,000). This is the same as the Reno Metro value of 4.0 and also lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Washoe County is 8.0%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Washoe County homeowners underwater on their mortgage is 21.6%, which is lower than Reno Metro at 21.7%.

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Relative ZHVI
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Washoe County Market Overview

Data through Oct 31, 2014
  • $235,600 ZHVI
  • 2.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $299,000 Median listing price
  • $236,250 Median sale price
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Washoe County Market Health

Data through Oct 31, 2014
  • 4.0/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 77 Average days on Zillow (Sep 30, 2014)
  • 21.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4 homes Washoe County
4 homes Reno Metro
4.5 homes United States
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Cities in Washoe County

Name Median ZHVI
Incline Village $601,500
Verdi-Mogul $331,100
Reno $217,700
Name Median ZHVI
Sparks $215,200
Lemmon Valley-Golden Valley $192,200
Cold Springs $187,400
Name Median ZHVI
Sun Valley $170,400
 
 

Listings & Sales

Data through Oct 31, 2014
  • $149 Median list price / sq ft
  • $137 Median sale price / sq ft
  • 38.2% Listings with price cut
23.3%
Sold below listing
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Washoe County Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,379 Washoe County
    $1,378 Reno Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,250 Rent list price
  • $0.85 Rent list price / sq ft
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