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  5. /University District, Reno, NV - 89512

University District, Reno, NV—89512

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$361,000
1.0% YoY Growth
Household Income
$45,300
28.2% YoY Growth
Days on Market
50
31.0% Shorter YoY
Home Price Forecast
-0.2%
Median Rent
$1,500
6.4% YoY Growth
1-Bed Rent
$1,100
6.5% YoY Growth
2-Bed Rent
$1,500
13.4% YoY Growth
3-Bed Rent
$2,100
1.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — University District, Reno, NV

As of May '26, the median home price in University District, Reno, NV is $361,000, with a year-over-year change of -1.0%. This indicates that home prices in University District, Reno, NV are flat. 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
$361,000-1.0%
Single Family $387,000-0.5%
Condos $187,000-8.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $167,000
    -13.0%
    2 Bed
    		$230,000-9.1%
    3 Bed
    		$396,0000.3%
    4 Bed
    		$489,0000.8%
    5 Bed $549,373-1.6%
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    % of Housing Stock

    Studio
    15.7%
    1 Bedroom
    17.0%
    2 Bedrooms
    34.8%
    3 Bedrooms
    21.6%
    4 Bedrooms
    8.3%
    5+ Bedrooms
    2.7%

    Rental Trends — University District, Reno, NV

    As of July '25, Rentcast reports the average rent in University District, Reno, NV is $1,670, with a year-over-year rent change of 6.4%. Per bedroom, the median rent as of July '25 in University District, Reno, NV is studios: $1,020, 1-bedrooms: $1,140, 2-bedrooms: $1,520, 3-bedrooms: $2,160, 4-bedrooms: $2,700. The most common rental property sizes in University District, Reno, NV are 2-bedroom and 1-bedroom, accounting for 37.5% and 23.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,500$1,670
    Studio Rent $825$1,020
    1 Bed Rent $1,100$1,140
    2 Bed Rent $1,500$1,520
    3 Bed Rent $2,100$2,160
    4 Bed Rent $2,750$2,700
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    % of Rental Stock

    Studio
    18.8%
    1 Bedroom
    23.4%
    2 Bedrooms
    37.5%
    3 Bedrooms
    14.4%
    4 Bedrooms
    5.5%
    5+ Bedrooms
    0.4%

    Property Listings — University District, Reno, NV

    As of May '26, Realtor.com reports that the median days on market for a home in University District, Reno, NV is 50. This is a decrease of -31.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$228,000-5.0%
    Listing Count
    		53-18.0%
    Listings as % of Homes0.4%-18.0%
    Days on Market
    		50-31.0%
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    Demographics — University District, Reno, NV

    As of the latest ACS Survey released in 2023, University District, Reno, NV has a population of 28,100, which has increased by 6.5% over the past 5 years. University District, Reno, NV is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		28,1006.5%
    % Under 18
    		20.3%-22.5%
    % Seniors
    		14.7%16.7%
    % WFH
    		4.3%79.2%
    % w/ College Degree
    		18.4%-3.2%
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    As of the latest ACS Survey released in 2023, University District, Reno, NV is a predominantly hispanic area, with 40.6% of the population identifying as hispanic. The hispanic population has grown by 10.0% in the last 5 years. The second most common race or ethnicity in University District, Reno, NV is white, making up 39.6% of the population. Foreign-born residents account for 23.5% of the population in University District, Reno, NV, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		39.6%-7.3%
    % Black
    		5.4%-3.6%
    % Hispanic
    		40.6%10.0%
    % Asian
    		7.2%28.6%
    % Foreign Born
    		23.5%25.0%
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    Mortgage and Risk — University District, Reno, NV

    According to HUD data as of 2023, there were 165 mortgage originations in University District, Reno, NV, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in University District, Reno, NV. Investor activity is low, as 5.0% 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
    		165
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — University District, Reno, NV

    As of 2024, the percent of homes in University District, Reno, NV under the Section 8 program is 18.4%. This is considered high, suggesting that the neighborhood is heavily 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 University District, Reno, NV, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,977
    Total Units Section 8
    		1,539
    % Rentals under Section 8
    		18.4%
    % Occupied Section 8
    		83.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$120$1,100$1,220
    2 Bedroom$30$1,500$1,530
    3 Bedroom$20$2,100$2,120
    4 Bedroom-$270$2,750$2,480

    Affordability — University District, Reno, NV

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio8
    Median Home Price$361,000
    Median Household Income$45,300

    University District, Reno, NV — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Reno

    89557

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    89501

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    89503

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    89433

    Sparks, NV

    89431

    Frequently Asked Questions