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Reno city, NV

ZIP 89503 — 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 89503

Median Home Value
$441,800
Median Rent
$1,237
Affordability Snapshot
$122,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,838/mo PITI).

22%
Rent-to-Income Ratio

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

6.6x
Home Price-to-Income Ratio

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

29.8 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 89503 in Reno city, NV, a household would need roughly $122,000 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 $2,838. That is about 82% above the local median household income ($66,956), 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
44.9%-31% vs US avg
x
Vacancy Rate
6.7%-35% vs US avg
x
Broadband Access
89.2%+3% vs US avg
x
4+ Bedrooms
4.3%-71% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
25.9%-48% vs US avg
x
Mortgage-Free
34.0%-11% vs US avg
x
$441,800
Home Value
$1,237
Rent
1976
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached50.6%
  • 1-unit attached7.7%
  • 2-9 units14.1%
  • 10+ units25.7%
  • Mobile home & other1.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$441,800
Median rent$1,237
Owner-occupied44.9%
Vacant6.7%
Price-to-income6.6x
Est. income to buy$122,000