US5.com
  1. Home
  2. States
  3. Nevada
  4. ZIP 89502
  5. Housing & Real Estate
Reno city, NV

ZIP 89502 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 89502

Median Home Value
$389,200
Median Rent
$1,158
Affordability Snapshot
$107,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,500/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 89502 in Reno city, NV, a household would need roughly $107,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,500. That is about 71% above the local median household income ($62,719), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
34.7%-47% vs US avg
x
Vacancy Rate
7.6%-26% vs US avg
x
Broadband Access
84.9%-2% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
18.9%-62% vs US avg
x
Mortgage-Free
40.7%+6% vs US avg
x
$389,200
Home Value
$1,158
Rent
1976
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached34.2%
  • 1-unit attached4.4%
  • 2-9 units28.3%
  • 10+ units25.4%
  • Mobile home & other7.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$389,200
Median rent$1,158
Owner-occupied34.7%
Vacant7.6%
Price-to-income6.2x
Est. income to buy$107,000