The story of this market
The typical home in ZIP 89523 sells for about $625,000, or $339 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $2,150 a month.
ZIP 89523 — Reno
The 89523 housing market is showing signs of stabilization with a median price of $625,000 and a balanced sale-to-list ratio. While inventory remains elevated, the market is supported by steady demand from professionals and families. Price cuts are common as sellers adjust to current interest rate environments, but the overall outlook remains positive due to regional economic growth.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with easy access to outdoor recreation and the Reno employment core. It attracts those looking for a balance between quiet residential living and proximity to urban amenities.
Median prices moved down 2.1% year over year.
Homes spend a median of 49 days on market with 4.8 months of supply — a fast-moving market.
43% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 5.2% — 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 6.8%/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 6.2%/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 89523, 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 89523 area are generally lower than the Reno city average, with property crime being the primary concern. The area is considered suburban and relatively safe compared to the urban core.
Schools serving the 89523 area are part of the Washoe County School District and generally maintain average to above-average ratings. Local elementary and middle schools are well-regarded by residents for their community involvement.
The area faces moderate wildfire risk due to its proximity to the Sierra Nevada foothills and wildland-urban interface. Flood risk is generally low, though localized drainage issues can occur during heavy winter storms.
Economic momentum is driven by the expansion of the Reno-Tahoe industrial corridor and proximity to major logistics hubs. Infrastructure improvements are focused on managing traffic flow along the I-80 corridor.
Property taxes are administered by Washoe County based on assessed value, with rates determined by the state-mandated tax cap system. There is no state personal income tax in Nevada, which benefits residents.
Residents primarily commute via I-80, providing direct access to downtown Reno and the Sparks industrial centers. Average commute times are approximately 20-25 minutes.
The area features extensive access to the Truckee River, regional parks like Northgate Park, and proximity to mountain biking and hiking trails. Shopping and dining are concentrated along the Robb Drive and Mae Anne Avenue corridors.
The rental market is stable with moderate vacancy pressure, driven by demand from professionals working in the nearby industrial and tech sectors. Short-term rental activity is regulated by local ordinances.
The economy is anchored by logistics, manufacturing, and the growing tech sector in the Reno-Sparks area. Major employers include regional distribution centers and the University of Nevada, Reno.
The area is served by the RTC Ride bus system, though private vehicle ownership is the primary mode of transportation. I-80 serves as the main arterial highway for regional connectivity.
Development is focused on infill residential projects and the expansion of commercial services along major thoroughfares. Planning efforts prioritize sustainable growth and traffic mitigation.
The Washoe County Assessor's office manages property valuations, utilizing a mass appraisal system that adheres to Nevada state law.
Parcels are subject to Washoe County School District taxes and various local utility and flood control district assessments.
Property insurance premiums are rising due to regional wildfire risk, with many carriers requiring fire-mitigation certifications for coverage.
Data retrieved from census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Popular community park with sports fields and playgrounds.
Provides extensive walking and biking trails along the river corridor.
Private golf course serving the western Reno area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.