University District, Reno, NV—89512
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — University District, Reno, NV
As of Oct '25, the median home price in University District, Reno, NV is $349,000, with a year-over-year change of -1.3%. This indicates that home prices in University District, Reno, NV are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $349,000 | -1.3% |
| Single Family | $374,000 | -1.1% |
| Condos | $190,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $171,000 | -8.1% |
2 Bed | $235,000 | -8.2% |
3 Bed | $384,000 | -0.8% |
4 Bed | $473,000 | -0.6% |
| 5 Bed | $529,000 | -3.6% |
% of Housing Stock
Rental Trends — University District, Reno, NV
As of July '25, Rentcast reports the average rent in University District, Reno, NV is $1,670, with a year-over-year rent change of 6.4%. Per bedroom, the median rent as of July '25 in University District, Reno, NV is studios: $1,020, 1-bedrooms: $1,140, 2-bedrooms: $1,520, 3-bedrooms: $2,160, 4-bedrooms: $2,700. The most common rental property sizes in University District, Reno, NV are 2-bedroom and 1-bedroom, accounting for 37.5% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,670 |
| Studio Rent | $825 | $1,020 |
| 1 Bed Rent | $1,100 | $1,140 |
| 2 Bed Rent | $1,500 | $1,520 |
| 3 Bed Rent | $2,100 | $2,160 |
| 4 Bed Rent | $2,750 | $2,700 |
% of Rental Stock
Property Listings — University District, Reno, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in University District, Reno, NV is 69. This is a increase of 47.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $269,000 | 11.0% |
Listing Count | 69 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 69 | 47.0% |
Demographics — University District, Reno, NV
As of the latest ACS Survey released in 2023, University District, Reno, NV has a population of 28,100, which has increased by 6.5% over the past 5 years. University District, Reno, NV is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,100 | 6.5% |
% Under 18 | 20.3% | -22.5% |
% Seniors | 14.7% | 16.7% |
% WFH | 4.3% | 79.2% |
% w/ College Degree | 18.4% | -3.2% |
As of the latest ACS Survey released in 2023, University District, Reno, NV is a predominantly hispanic area, with 40.6% of the population identifying as hispanic. The hispanic population has grown by 10.0% in the last 5 years. The second most common race or ethnicity in University District, Reno, NV is white, making up 39.6% of the population. Foreign-born residents account for 23.5% of the population in University District, Reno, NV, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 39.6% | -7.3% |
% Black | 5.4% | -3.6% |
% Hispanic | 40.6% | 10.0% |
% Asian | 7.2% | 28.6% |
% Foreign Born | 23.5% | 25.0% |
Mortgage and Risk — University District, Reno, NV
According to HUD data as of 2023, there were 165 mortgage originations in University District, Reno, NV, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in University District, Reno, NV. Investor activity is low, as 5.0% 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 | 165 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — University District, Reno, NV
As of 2024, the percent of homes in University District, Reno, NV under the Section 8 program is 18.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in University District, Reno, NV, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,977 |
Total Units Section 8 | 1,539 |
% Rentals under Section 8 | 18.4% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,100 | $1,220 |
| 2 Bedroom | $30 | $1,500 | $1,530 |
| 3 Bedroom | $20 | $2,100 | $2,120 |
| 4 Bedroom | -$270 | $2,750 | $2,480 |
Affordability — University District, Reno, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $349,000 |
| Median Household Income | $45,300 |