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  5. /East Reno, Reno, NV - 89502

East Reno, Reno, NV—89502

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$443,000
0.5% YoY Growth
Household Income
$62,700
49.3% YoY Growth
Days on Market
38
21.0% Shorter YoY
Home Price Forecast
0.0%
Median Rent
$1,400
0.7% YoY Growth
1-Bed Rent
$1,200
4.3% YoY Growth
2-Bed Rent
$1,540
1.2% YoY Growth
3-Bed Rent
$2,320
1.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — East Reno, Reno, NV

As of May '26, the median home price in East Reno, Reno, NV is $443,000, with a year-over-year change of -0.5%. 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 TypeMedian Home ValueYoY % Change
All Homes
$443,000-0.5%
Single Family $462,0000.0%
Condos $219,000-2.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $198,000
    -7.0%
    2 Bed
    		$311,000-3.4%
    3 Bed
    		$473,0000.9%
    4 Bed
    		$571,0001.2%
    5 Bed $891,4202.0%
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    % of Housing Stock

    Studio
    8.6%
    1 Bedroom
    21.4%
    2 Bedrooms
    35.6%
    3 Bedrooms
    22.9%
    4 Bedrooms
    10.3%
    5+ Bedrooms
    1.1%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    12.6%
    1 Bedroom
    27.4%
    2 Bedrooms
    41.1%
    3 Bedrooms
    15.7%
    4 Bedrooms
    2.6%
    5+ Bedrooms
    0.5%

    Property Listings — East Reno, Reno, NV

    As of May '26, Realtor.com reports that the median days on market for a home in East Reno, Reno, NV is 38. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$420,00020.0%
    Listing Count
    		84-25.0%
    Listings as % of Homes0.3%-25.0%
    Days on Market
    		38-21.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio6.8
    Median Home Price$443,000
    Median Household Income$62,700

    East Reno, Reno, NV — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    89431

    Downtown Reno, Reno, NV

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    Frequently Asked Questions