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Reno city, NV

ZIP 89511 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 89511

Median Home Value
$903,300
Median Rent
$1,648
Affordability Snapshot
$249,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,803/mo PITI).

17%
Rent-to-Income Ratio

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

7.7x
Home Price-to-Income Ratio

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

45.7 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 89511 in Reno city, NV, a household would need roughly $249,000 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 $5,803. That is about 112% above the local median household income ($117,287), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
68.0%+4% vs US avg
x
Vacancy Rate
6.3%-39% vs US avg
x
Broadband Access
95.1%+9% vs US avg
x
4+ Bedrooms
8.9%-40% vs US avg
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
2.2%-68% vs US avg
x
Rent Burden >30%
22.3%-55% vs US avg
x
Mortgage-Free
42.3%+11% vs US avg
x
$903,300
Home Value
$1,648
Rent
1996
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached65.9%
  • 1-unit attached4.0%
  • 2-9 units10.9%
  • 10+ units16.1%
  • Mobile home & other3.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$903,300
Median rent$1,648
Owner-occupied68.0%
Vacant6.3%
Price-to-income7.7x
Est. income to buy$249,000