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  1. Home
  2. /Browse ZIP Codes
  3. /Nevada
  4. /Reno
  5. /South Reno, Reno, NV - 89511

South Reno, Reno, NV—89511

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,135,000
1.9% YoY Growth
Household Income
$117,000
23.8% YoY Growth
Days on Market
44
15.0% Shorter YoY
Home Price Forecast
0.2%
Median Rent
$2,300
12.8% YoY Growth
1-Bed Rent
$1,500
14.7% YoY Growth
2-Bed Rent
$1,940
32.9% YoY Growth
3-Bed Rent
$2,650
5.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — South Reno, Reno, NV

As of May '26, the median home price in South Reno, Reno, NV is $1,135,000, with a year-over-year change of 1.9%. This indicates that home prices in South Reno, Reno, NV are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,135,0001.9%
Single Family $1,181,0002.5%
Condos $313,000-2.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $212,000
    -5.8%
    2 Bed
    		$454,000-1.5%
    3 Bed
    		$918,0002.1%
    4 Bed
    		$1,349,0003.1%
    5 Bed $1,810,7233.3%
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    % of Housing Stock

    Studio
    2.2%
    1 Bedroom
    10.6%
    2 Bedrooms
    20.8%
    3 Bedrooms
    30.0%
    4 Bedrooms
    27.4%
    5+ Bedrooms
    9.0%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    5.3%
    1 Bedroom
    29.2%
    2 Bedrooms
    41.3%
    3 Bedrooms
    18.6%
    4 Bedrooms
    4.9%
    5+ Bedrooms
    0.8%

    Property Listings — South Reno, Reno, NV

    As of May '26, Realtor.com reports that the median days on market for a home in South Reno, Reno, NV is 44. This is a decrease of -15.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,800,000-9.0%
    Listing Count
    		168-9.0%
    Listings as % of Homes1.0%-9.0%
    Days on Market
    		44-15.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		30,20017.6%
    % Under 18
    		18.3%2.8%
    % Seniors
    		24.6%16.6%
    % WFH
    		18.4%87.8%
    % w/ College Degree
    		50.5%-6.3%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio8.7
    Median Home Price$1,135,000
    Median Household Income$117,000

    South Reno, Reno, NV — ZIP Code Boundary Map

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    Frequently Asked Questions