House Charts

Reno, NV Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Reno, NV home values are up 2.1% over the past year, to a typical $570k - 2% below the June 2022 peak. Typical rent is $2,069 a month (+8.2% in a year).
Typical home value
$570k
+2.1% (+$12k) in 12 months
From the peak
-2%
Peak $584k, Jun 2022
Since Dec 2019
+46%
from $391k
Typical rent
$2,069/mo
+8.2% in 12 months
Income needed to buy
$143k/yr
20% down, 30% of income
Days to go under contract
43
September 2026

Reno, NV home values since 2000

$200k$400k$600k2000200420082012201620202024Peak $584k (Jun 2022)Now $570k

Last few years

$400k$500k$600k20192020202120222023202420252026Peak $584k (Jun 2022)Now $570k

Rent in Reno, NV

$1,000$1,500$2,000201520172019202120232025Now $2,069

Owning vs renting, monthly

Buying the typical Reno, NV home with 20% down at this week's 7.32% 30-year rate costs about $3,843/month (principal, interest plus ~1.5% a year for tax and insurance) vs $2,069/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

Reno, NV vs Nevada vs the U.S.

Typical home12-month changeTypical rent
This metro$570k+2.1%$2,069/mo
Nevada$441k-1.6%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Reno, NV?

No - the typical Reno, NV-area home value is up 2.1% over the past 12 months, at $570k (September 2026). Values are 2% below their June 2022 peak of $584k.

Is the Reno, NV housing market crashing?

Home values are 2% below their June 2022 peak and up 2.1% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Reno, NV?

Typical rent in the Reno, NV metro is $2,069 a month (September 2026), +8.2% over 12 months.

How much income do you need to buy a home in Reno, NV?

About $143k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Las Vegas, NV · Washington, VA · Sacramento, CA · Riverside, CA · Salt Lake City, UT

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Reno, NV metro area. How we calculate.