Cold Springs, Reno, NV—89508
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cold Springs, Reno, NV
As of Oct '25, the median home price in Cold Springs, Reno, NV is $471,000, with a year-over-year change of 0.1%. This indicates that home prices in Cold Springs, Reno, NV are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $471,000 | 0.1% |
| Single Family | $471,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $433,000 | 1.2% |
3 Bed | $444,000 | -0.4% |
4 Bed | $507,000 | -0.2% |
| 5 Bed | $548,000 | 0.2% |
% of Housing Stock
Rental Trends — Cold Springs, Reno, NV
As of July '25, Rentcast reports the average rent in Cold Springs, Reno, NV is $2,310, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Cold Springs, Reno, NV is 2-bedrooms: $1,450, 3-bedrooms: $2,260, 4-bedrooms: $2,640. The most common rental property sizes in Cold Springs, Reno, NV are 3-bedroom and 2-bedroom, accounting for 50.1% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,310 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,450 | $1,450 |
| 3 Bed Rent | $2,250 | $2,260 |
| 4 Bed Rent | $2,540 | $2,640 |
% of Rental Stock
Property Listings — Cold Springs, Reno, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Cold Springs, Reno, NV is 68. This is a increase of 2.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $545,000 | -3.0% |
Listing Count | 55 | -4.0% |
| Listings as % of Homes | 1.2% | -4.0% |
Days on Market | 68 | 2.0% |
Demographics — Cold Springs, Reno, NV
As of the latest ACS Survey released in 2023, Cold Springs, Reno, NV has a population of 14,600, which has increased by 15.0% over the past 5 years. Cold Springs, Reno, NV is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,600 | 15.0% |
% Under 18 | 28.1% | 12.0% |
% Seniors | 14.6% | 22.7% |
% WFH | 8.8% | 18.9% |
% w/ College Degree | 20.8% | -0.5% |
As of the latest ACS Survey released in 2023, Cold Springs, Reno, NV is a predominantly white area, with 69.9% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Cold Springs, Reno, NV is hispanic, making up 20.3% of the population. Foreign-born residents account for 6.1% of the population in Cold Springs, Reno, NV, and this percentage has increased by 35.6% 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 | 69.9% | -11.3% |
% Black | 0.4% | -63.6% |
% Hispanic | 20.3% | 62.4% |
% Asian | 2.0% | 5.3% |
% Foreign Born | 6.1% | 35.6% |
Mortgage and Risk — Cold Springs, Reno, NV
According to HUD data as of 2023, there were 313 mortgage originations in Cold Springs, Reno, NV, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Cold Springs, Reno, NV. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 313 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Cold Springs, Reno, NV
Cold Springs, Reno, NV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,740 |
| 2 Bedroom | $740 | $1,450 | $2,190 |
| 3 Bedroom | $780 | $2,250 | $3,030 |
| 4 Bedroom | $1,010 | $2,540 | $3,550 |
Affordability — Cold Springs, Reno, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $471,000 |
| Median Household Income | $89,900 |