Reno - NV housing market
The Reno metro has a typical home value of $569,662, up 2.1% from a year ago. Homes sell in 21 days on average, a balanced market. 29% of listings have had a price cut. Data from Zillow Research, updated monthly.
Reno housing market, October 2026
The typical Reno home is worth $569,662 as of September 2026, up 0.4% from the prior month, up 1.1% over three months, and up 2.1% from a year ago. Over the past two years values have ranged from $557,487 to $569,662.
Homes are going pending in about 21 days, slower than the 11 days seen three months earlier. There are roughly 1,836 homes for sale, 17% fewer than a year ago. 28.7% of listings have taken a price cut (up from 23.0% three months ago).
Typical rent is $2,069 a month, up 8.4% year over year, which puts the price-to-rent ratio at 22.9.
At this week's 7.40% mortgage rate with 20% down ($113,932), the typical Reno home costs about $3,867 a month including tax and insurance, which needs a household income of roughly $165,700 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($569,662) is the Zillow Home Value Index for the Reno - NV metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 2.1% over the past year. In Reno - NV, that means a home worth $557,945 last year is now worth roughly $569,662.
The median sale price, what homes actually close for, is $568,733. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.
Homes listed in Reno - NV sit on the market for roughly 21 days before going pending. Shorter = seller's market; longer = buyer's market.
About 28.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 577 new listings hit the market each month in Reno - NV. There are currently 1,836 homes for sale, down 16.8% from a year ago.
The typical monthly rent in Reno - NV is $2,069, up 8.4% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 22.9x, renting territory (#25 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $3,155 a month in principal and interest, $1,086 more than renting before taxes, insurance and upkeep. The two break even at a 3.59% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in NV
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Las Vegas - NV | $422,654 | -2.6% | 38.0d |