The story of this market
The typical home in ZIP 89503 sells for about $465,000, or $334 per square foot.
Prices are up +8.7% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $2,300 a month.
ZIP 89503 — Reno
The 89503 housing market is experiencing moderate price appreciation, with a median sale price of $465,000. While demand remains steady, the market is seeing longer days on market compared to previous periods, reflecting a shift toward more balanced conditions.
This ZIP is well-suited for commuters and those seeking proximity to the urban core of Reno, offering a mix of established residential neighborhoods and access to city amenities.
Median prices moved up 8.7% year over year.
Homes spend a median of 44 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 19.5% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 89503, 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.
Property taxes in Washoe County are assessed by the County Assessor based on taxable value, with rates determined by local taxing districts and state-mandated caps on annual increases.
Residents in 89503 have a mean commute time of approximately 20 minutes, benefiting from proximity to downtown Reno and major regional employment hubs.
The area features access to the Truckee River, various local parks, and proximity to downtown Reno's shopping and dining districts.
The rental market in 89503 shows a median asking rent of $2,300, with inventory levels experiencing year-over-year fluctuations.
The local economy is anchored by the broader Reno-Sparks metropolitan area, which features a diverse mix of gaming, tourism, logistics, and emerging technology sectors.
The area is served by regional highway corridors and local transit infrastructure connecting to the Reno employment core.
The Washoe County Assessor manages property valuations for tax purposes, adhering to Nevada's constitutional and statutory assessment frameworks.
Parcels in this ZIP are subject to Washoe County property tax levies, which include funding for local school districts and municipal services.
Data retrieved from Census Reporter and ACS 5-year summary tables.
- Coconut Bowl at Wild Island4.56.9 mi
- Fly High Trampoline Park Reno Sparks4.55.4 mi
- The Waterpark at Wild Island4.46.8 mi
- Need 2 Speed4.23 mi
- Birdeez Reno4.81.8 mi
- Grand Sierra Resort and Casino4.33.5 mi
- Reno-Sparks Convention Center4.34.7 mi
- National Automobile Museum4.82.1 mi
- Coconut Bowl at Wild Island4.56.9 mi
- Reno Public Market4.13.2 mi
- Grand Sierra Resort and Casino4.33.5 mi
- Idlewild Park4.61.5 mi
- Rancho San Rafael Regional Park4.70.9 mi
- Cinemark Century Park Lane 16 and XD4.33.6 mi
- National Automobile Museum4.82.1 mi
- National Automobile Museum4.82.1 mi
- The Discovery4.72.2 mi
- Nevada Museum of Art4.62.1 mi
- Fleischmann Planetarium4.41.2 mi
- Wilbur D. May Center4.70.9 mi
- Idlewild Park4.61.5 mi
- Rancho San Rafael Regional Park4.70.9 mi
- Golden Eagle Regional Park4.710.1 mi
- Hunter Creek Trailhead4.84.5 mi
- Mayberry Park4.74.1 mi
- Red Hawk Golf and Resort4.49.5 mi
- Washoe County Golf Course4.13.3 mi
- Lakeridge Golf Course4.44.8 mi
- Sierra Sage Golf Course4.66.2 mi
- The Club at ArrowCreek4.49.2 mi
- Grand Sierra Resort and Casino4.33.5 mi
- Meadowood Mall4.35.7 mi
- WinCo Foods4.33.1 mi
- Legends at Sparks Marina4.56.4 mi
- WinCo Foods4.58 mi
- Reno-Tahoe International Airport4.34.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides recreational trails and scenic access through the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.