The story of this market
The typical home in ZIP 89416 sells for about $549,950, or $365 per square foot.
Prices are up +10% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $2,610 a month.
ZIP 89416 — Mark Twain
The Reno housing market shows signs of stabilization with a median sold price of $549,950 and a balanced inventory level. While year-over-year price growth remains positive at 10%, the market pace has slowed slightly, reflecting a shift toward more sustainable buyer competition.
The area attracts a mix of family buyers, commuters, and investors drawn by the regional economic growth and proximity to both urban amenities and outdoor recreation.
Median prices moved up 10.0% year over year.
Homes spend a median of 42 days on market with 2.0 months of supply — a fast-moving market.
17% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 10.2% — 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.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 89416
The region experiences significant wildfire risk and high summer temperatures, with approximately 65 days per year exceeding 90°F.
Reno serves as a major logistics and technology hub, benefiting from proximity to the Tahoe-Reno Industrial Center and ongoing corporate expansion in the region.
Property taxes are assessed by Washoe County based on taxable value, with rates varying by sub-county tax districts and specific exemptions for homeowners.
The rental market shows significant upward pressure with asking rents rising 18.64% year-over-year, reflecting tight supply and strong demand.
The economy is anchored by logistics, manufacturing, and tourism, with major employers including Tesla and other firms within the Tahoe-Reno Industrial Center.
The area is served by major highway corridors including I-80 and US-395, facilitating regional transit and logistics.
The Washoe County Assessor manages property valuations based on taxable value, which is calculated as the sum of land value and the replacement cost of improvements less depreciation.
Parcels are subject to various special districts including school, hospital, and flood control districts as determined by the county.
Property insurance premiums are influenced by regional wildfire exposure and the high-desert climate.
Data retrieved from data.census.gov ZCTA-level tables.
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Silver Plume Rentals512.7 mi
- St. Elmo, CO4.712 mi
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Cottonwood Pass57.1 mi
- Taylor Park Marina4.83.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional waterway providing recreational trails and park access.
Primary regional aviation hub serving the Reno-Sparks metropolitan area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.