East Reno, Reno, NV—89502
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Reno, Reno, NV
As of Oct '25, the median home price in East Reno, Reno, NV is $424,000, with a year-over-year change of 0.1%. This indicates that home prices in East Reno, Reno, NV are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $424,000 | 0.1% |
| Single Family | $443,000 | 0.0% |
| Condos | $215,000 | -4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $203,000 | -6.0% |
2 Bed | $304,000 | -1.3% |
3 Bed | $453,000 | -0.2% |
4 Bed | $550,000 | 0.0% |
| 5 Bed | $844,000 | 0.0% |
% of Housing Stock
Rental Trends — East Reno, Reno, NV
As of July '25, Rentcast reports the average rent in East Reno, Reno, NV is $1,510, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in East Reno, Reno, NV is studios: $931, 1-bedrooms: $1,200, 2-bedrooms: $1,620, 3-bedrooms: $2,340, 4-bedrooms: $3,750. The most common rental property sizes in East Reno, Reno, NV are 2-bedroom and 1-bedroom, accounting for 41.1% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,510 |
| Studio Rent | $950 | $931 |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,540 | $1,620 |
| 3 Bed Rent | $2,320 | $2,340 |
| 4 Bed Rent | $2,500 | $3,750 |
% of Rental Stock
Property Listings — East Reno, Reno, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in East Reno, Reno, NV is 69. This is a increase of 62.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $397,000 | -15.0% |
Listing Count | 100 | 35.0% |
| Listings as % of Homes | 0.3% | 35.0% |
Days on Market | 69 | 62.0% |
Demographics — East Reno, Reno, NV
As of the latest ACS Survey released in 2023, East Reno, Reno, NV has a population of 45,700, which has remained stable by -0.1% over the past 5 years. East Reno, Reno, NV is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,700 | -0.1% |
% Under 18 | 21.8% | -7.6% |
% Seniors | 13.7% | 3.0% |
% WFH | 6.3% | 117.2% |
% w/ College Degree | 18.6% | 6.3% |
As of the latest ACS Survey released in 2023, East Reno, Reno, NV is a predominantly hispanic area, with 42.8% of the population identifying as hispanic. The hispanic population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in East Reno, Reno, NV is white, making up 42.6% of the population. Foreign-born residents account for 23.2% of the population in East Reno, Reno, NV, and this percentage has decreased by 7.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 42.6% | -5.5% |
% Black | 3.7% | 68.2% |
% Hispanic | 42.8% | -1.4% |
% Asian | 5.3% | -7.0% |
% Foreign Born | 23.2% | -7.2% |
Mortgage and Risk — East Reno, Reno, NV
According to HUD data as of 2023, there were 379 mortgage originations in East Reno, Reno, NV, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in East Reno, Reno, NV. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 379 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — East Reno, Reno, NV
As of 2024, the percent of homes in East Reno, Reno, NV under the Section 8 program is 6.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In East Reno, Reno, NV, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 863 |
Total Units Section 8 | 766 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 81.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,200 | $1,150 |
| 2 Bedroom | -$90 | $1,540 | $1,450 |
| 3 Bedroom | -$310 | $2,320 | $2,010 |
| 4 Bedroom | -$90 | $2,500 | $2,410 |
Affordability — East Reno, Reno, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $424,000 |
| Median Household Income | $62,700 |