Home Values

Reno 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

$233,700

  • 13.1% 1-year change
  • 5.7% 1-year forecast

The median home value in Reno is $233,700. Reno home values have gone up 13.1% over the past year and Zillow predicts they will rise 5.7% within the next year. The median list price per square foot in Reno is None. The median rent price in Reno is $1,250, which is lower than the Reno Metro median of $1,291.

Foreclosures will be a factor impacting home values in the next several years. In Reno 3.4 homes are foreclosed (per 10,000). This is lower than the Reno Metro value of 3.9 and also lower than the national value of 3.9

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 Reno is 7.0%, which is higher than the national value of 6.3%. 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 Reno homeowners underwater on their mortgage is 17.5%, which is lower than Reno Metro at 18.3%.

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Relative ZHVI
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Reno Market Overview

Data through Apr 30, 2015
  • $233,700 ZHVI
  • 5.7% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $258,500 Median sale price
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Reno Market Health

Data through Apr 30, 2015
  • 4.4/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 17.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.4 homes Reno
3.9 homes Reno Metro
3.9 homes United States
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Neighborhoods in Reno

Name Median ZHVI
Southwest $298,900
South Reno $270,100
Northwest $268,100
Name Median ZHVI
South Central $248,300
Old Northwest - West University $171,200
North Valleys $159,000
Name Median ZHVI
East Reno $134,700
Northeast $105,700
 

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $151 Median sale price / sq ft
  • No data Listings with price cut
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Reno Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,358 Reno
    $1,413 Reno Metro
    $1,364 United States

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

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,250 Rent list price
  • $0.91 Rent list price / sq ft
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