The story of this market
The typical home in ZIP 89408 sells for about $670,912, or $325 per square foot.
Prices are up +12.01% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $2,600 a month.
ZIP 89408 — Fernley
The housing market in 89408 remains competitive, characterized by low inventory and steady price appreciation. Demand is supported by regional economic growth and migration, though high interest rates continue to temper transaction volume. Buyers are facing a tight supply environment, keeping the market firmly in favor of sellers.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with proximity to outdoor recreation and the Reno employment core. It appeals to those looking for a balance between mountain-adjacent living and access to urban amenities.
Median prices moved up 12.0% year over year.
Homes spend a median of 40 days on market with 3.8 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 4.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 89408, Washoe County NV
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the area are generally lower than the Reno city average, with property crime being the primary concern. Local law enforcement maintains a consistent presence, and the area is considered safer than the urban core.
Schools serving the area are part of the Washoe County School District, generally receiving moderate to high ratings. The area is known for access to well-regarded suburban elementary and middle schools.
The area faces moderate wildfire risk due to its proximity to the Sierra Nevada foothills, necessitating adherence to defensible space guidelines. Flood risk is generally low, though localized drainage management is standard.
Economic momentum is driven by the expansion of the Reno-Sparks industrial corridor and proximity to major logistics and tech employers. Infrastructure development focuses on managing traffic flow from suburban residential pockets to the employment hubs.
Property taxes are governed by Nevada Revised Statutes Chapter 361, which caps annual increases on owner-occupied primary residences at 3%. The effective tax rate is relatively low compared to national averages, reflecting the state's reliance on sales and gaming tax revenue.
Residents primarily commute via I-80 or US-395 toward downtown Reno and the Tahoe-Reno Industrial Center. Traffic is moderate, with most commutes to the employment core taking 20-30 minutes.
The area offers immediate access to regional hiking and biking trails in the Sierra foothills. Shopping and dining are concentrated in nearby suburban centers, with several golf courses and community parks within a 3-mile radius.
The rental market is tight with low vacancy rates, driven by high demand from professionals working in the Reno-Sparks area. Rents have seen consistent upward pressure due to limited supply and strong regional job growth.
The economy is anchored by logistics, manufacturing, and technology, with significant employment provided by the Tahoe-Reno Industrial Center. The region benefits from a diverse mix of retail, healthcare, and professional services.
Transportation is heavily reliant on private vehicles, with I-80 serving as the primary east-west corridor. Public transit options are limited, primarily consisting of regional bus routes connecting to downtown Reno.
Development is focused on infill projects and the expansion of existing master-planned communities. Planning efforts prioritize sustainable growth and infrastructure capacity in the northern valleys.
The Washoe County Assessor manages property valuations, utilizing a market-based approach subject to state-mandated caps on annual increases. Assessments are updated annually to reflect market conditions.
Parcels are subject to Washoe County School District taxes and various local utility and flood control district assessments. Some areas may fall within specific improvement districts for infrastructure maintenance.
Property insurance premiums are rising due to regional wildfire risk and broader market trends in the Western U.S. Homeowners are encouraged to maintain defensible space to mitigate risk and maintain coverage eligibility.
Nevada continues to see positive net domestic migration, with a significant portion of new residents relocating from California for tax and lifestyle benefits.
Nevada is a non-judicial foreclosure state, allowing for a streamlined process under state law. Borrowers have specific notice periods and rights to cure defaults before a trustee sale.
Sellers are required to provide a comprehensive real estate disclosure form detailing the condition of the property, including known defects and material facts.
Data retrieved from data.census.gov ZCTA-level tables.
- Frontier Fun Center4.28.8 mi
- Fernley Nugget3.97.4 mi
- PAW-sitive Play Dog Park46.8 mi
- Green Valley Dog Park4.37.4 mi
- Mary & Moe's WigWam4.18.6 mi
- Churchill County Museum4.819.6 mi
- Fernley Out of Town Park4.37 mi
- PAW-sitive Play Dog Park46.8 mi
- Green Valley Dog Park4.37.4 mi
- Fernley Village Marketplace4.27 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large community park with sports fields and walking paths.
Public 18-hole course serving the northern Reno area.
Extensive trail system for cycling and walking along the river.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.