Downtown Reno, Reno, NV—89501
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$421,000
5.5% YoY Growth
Household Income
$33,000
13.8% YoY Growth
Days on Market
67
17.0% Longer YoY
Home Price Forecast
-0.1%
Median Rent
$1,300
12.0% YoY Growth
1-Bed Rent
$1,500
7.4% YoY Growth
2-Bed Rent
$1,750
15.5% YoY Growth
3-Bed Rent
$2,800
N/A
Home Price Trends — Downtown Reno, Reno, NV
As of May '26, the median home price in Downtown Reno, Reno, NV is $421,000, with a year-over-year change of -5.5%. This indicates that home prices in Downtown Reno, Reno, NV are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $421,000 | -5.5% |
| Single Family | $634,000 | -0.5% |
| Condos | $330,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |