South Reno, Reno, NV—89511
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Reno, Reno, NV
As of Oct '25, the median home price in South Reno, Reno, NV is $1,079,000, with a year-over-year change of 2.3%. This indicates that home prices in South Reno, Reno, NV are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,079,000 | 2.3% |
| Single Family | $1,127,000 | 2.2% |
| Condos | $301,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $212,000 | -6.6% |
2 Bed | $448,000 | -1.5% |
3 Bed | $878,000 | 1.4% |
4 Bed | $1,284,000 | 2.6% |
| 5 Bed | $1,723,000 | 3.9% |
% of Housing Stock
Rental Trends — South Reno, Reno, NV
As of July '25, Rentcast reports the average rent in South Reno, Reno, NV is $3,000, with a year-over-year rent change of -12.8%. Per bedroom, the median rent as of July '25 in South Reno, Reno, NV is studios: $1,660, 1-bedrooms: $1,560, 2-bedrooms: $2,260, 3-bedrooms: $3,850, 4-bedrooms: $4,710. The most common rental property sizes in South Reno, Reno, NV are 2-bedroom and 1-bedroom, accounting for 41.3% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $3,000 |
| Studio Rent | $1,660 | $1,660 |
| 1 Bed Rent | $1,500 | $1,560 |
| 2 Bed Rent | $1,940 | $2,260 |
| 3 Bed Rent | $2,650 | $3,850 |
| 4 Bed Rent | $3,780 | $4,710 |
% of Rental Stock
Property Listings — South Reno, Reno, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in South Reno, Reno, NV is 96. This is a increase of 28.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,950,000 | 12.0% |
Listing Count | 217 | 12.0% |
| Listings as % of Homes | 1.0% | 12.0% |
Days on Market | 96 | 28.0% |
Demographics — South Reno, Reno, NV
As of the latest ACS Survey released in 2023, South Reno, Reno, NV has a population of 30,200, which has increased by 17.6% over the past 5 years. South Reno, Reno, NV is a moderately popular place for families, as children make up 18.3% of the population. The area has a highly educated workforce, with 50.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,200 | 17.6% |
% Under 18 | 18.3% | 2.8% |
% Seniors | 24.6% | 16.6% |
% WFH | 18.4% | 87.8% |
% w/ College Degree | 50.5% | -6.3% |
As of the latest ACS Survey released in 2023, South Reno, Reno, NV is a predominantly white area, with 74.0% of the population identifying as white. The white population has shrunk by 10.8% in the last 5 years. The second most common race or ethnicity in South Reno, Reno, NV is hispanic, making up 11.1% of the population. Foreign-born residents account for 10.8% of the population in South Reno, Reno, NV, and this percentage has increased by 16.1% 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 | 74.0% | -10.8% |
% Black | 2.1% | 425.0% |
% Hispanic | 11.1% | 15.6% |
% Asian | 8.3% | 144.1% |
% Foreign Born | 10.8% | 16.1% |
Mortgage and Risk — South Reno, Reno, NV
According to HUD data as of 2023, there were 438 mortgage originations in South Reno, Reno, NV, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in South Reno, Reno, NV. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 438 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — South Reno, Reno, NV
As of 2024, the percent of homes in South Reno, Reno, NV under the Section 8 program is 1.0%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in South Reno, Reno, NV, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 41 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,500 | $1,690 |
| 2 Bedroom | $180 | $1,940 | $2,120 |
| 3 Bedroom | $280 | $2,650 | $2,930 |
| 4 Bedroom | -$350 | $3,780 | $3,430 |
Affordability — South Reno, Reno, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.5 |
| Median Home Price | $1,079,000 |
| Median Household Income | $117,000 |