Damonte Ranch, Reno, NV—89521
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Damonte Ranch, Reno, NV
As of Oct '25, the median home price in Damonte Ranch, Reno, NV is $692,000, with a year-over-year change of 1.2%. This indicates that home prices in Damonte Ranch, Reno, NV are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $692,000 | 1.2% |
| Single Family | $701,000 | 0.9% |
| Condos | $436,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $339,000 | -1.7% |
2 Bed | $578,000 | 0.9% |
3 Bed | $640,000 | 0.8% |
4 Bed | $742,000 | 1.0% |
| 5 Bed | $892,000 | 1.9% |
% of Housing Stock
Rental Trends — Damonte Ranch, Reno, NV
As of July '25, Rentcast reports the average rent in Damonte Ranch, Reno, NV is $2,920, with a year-over-year rent change of -3.9%. Per bedroom, the median rent as of July '25 in Damonte Ranch, Reno, NV is studios: $1,750, 1-bedrooms: $1,700, 2-bedrooms: $2,330, 3-bedrooms: $3,030, 4-bedrooms: $3,460. The most common rental property sizes in Damonte Ranch, Reno, NV are 3-bedroom and 4-bedroom, accounting for 40.6% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,920 |
| Studio Rent | $1,640 | $1,750 |
| 1 Bed Rent | $1,700 | $1,700 |
| 2 Bed Rent | $2,400 | $2,330 |
| 3 Bed Rent | $2,800 | $3,030 |
| 4 Bed Rent | $3,100 | $3,460 |
% of Rental Stock
Property Listings — Damonte Ranch, Reno, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Damonte Ranch, Reno, NV is 54. This is a increase of 45.0% 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 | $812,000 | 10.0% |
Listing Count | 187 | -7.0% |
| Listings as % of Homes | 0.7% | -7.0% |
Days on Market | 54 | 45.0% |
Demographics — Damonte Ranch, Reno, NV
As of the latest ACS Survey released in 2023, Damonte Ranch, Reno, NV has a population of 40,500, which has increased by 29.4% over the past 5 years. Damonte Ranch, Reno, NV is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 50.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,500 | 29.4% |
% Under 18 | 22.3% | -9.7% |
% Seniors | 17.7% | 8.6% |
% WFH | 19.2% | 317.4% |
% w/ College Degree | 50.1% | 11.8% |
As of the latest ACS Survey released in 2023, Damonte Ranch, Reno, NV is a predominantly white area, with 69.5% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Damonte Ranch, Reno, NV is hispanic, making up 11.1% of the population. Foreign-born residents account for 13.0% of the population in Damonte Ranch, Reno, NV, and this percentage has increased by 21.5% 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 | 69.5% | -4.9% |
% Black | 1.5% | 87.5% |
% Hispanic | 11.1% | -11.2% |
% Asian | 9.8% | 15.3% |
% Foreign Born | 13.0% | 21.5% |
Mortgage and Risk — Damonte Ranch, Reno, NV
According to HUD data as of 2023, there were 873 mortgage originations in Damonte Ranch, Reno, NV, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Damonte Ranch, Reno, NV. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 873 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Damonte Ranch, Reno, NV
As of 2024, the percent of homes in Damonte Ranch, Reno, NV under the Section 8 program is 5.3%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Damonte Ranch, Reno, NV, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 228 |
Total Units Section 8 | 228 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,700 | $1,890 |
| 2 Bedroom | -$20 | $2,400 | $2,380 |
| 3 Bedroom | $490 | $2,800 | $3,290 |
| 4 Bedroom | $750 | $3,100 | $3,850 |
Affordability — Damonte Ranch, Reno, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $692,000 |
| Median Household Income | $126,000 |