Market Overview
Home Prices in Reno, NV
The median home value in Reno, NV is $576,913 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Reno are priced41% above average. Reno is part of the Reno, NV metro area.
Over the past five years, Reno home values have risen by approximately15.0%, reflecting steady appreciation in this market.
Price History
Reno Home Price Trend
2020
$406,863
$407K
—
2021
$501,816
$502K
+23.3%
2022
$592,304
$592K
+18.0%
2023
$535,223
$535K
-9.6%
2024
$562,094
$562K
+5.0%
2025
$575,051
$575K
+2.3%
2026
$576,913
$577K
+0.3%
City Comparison
Reno vs. National Median
🏠 Reno
$576,913
National Median
$410,000
At $576,913, homes in Reno cost 41% above the national median of $410,000. Buyers in Reno should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Reno?
20% Down Payment
$115,383
on $576,913
Monthly P&I
$3,009/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,821/mo
incl. taxes & insurance
Income Needed
$152,840
gross annual (30% rule)
10% Down Option
$57,691
+ PMI applies
Loan Amount (20% dn)
$461,530
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Reno, NV?
The median home value in Reno is $576,913 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Reno?
Over the past year, home values in Reno have increased by 0.3%. Over five years, prices have risen approximately 15.0%.
How much do I need to earn to buy a home in Reno?
To comfortably afford the median home price of $576,913 with a 20% down payment ($115,383) at today's rates (6.8%), you'd need a gross annual income of approximately $152,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Reno compare to the national average home price?
The national median home value is approximately $410,000. At $576,913, homes in Reno are 41% above the national average.
What metro area is Reno part of?
Reno is part of the Reno, NV metropolitan area. Home prices and market conditions can vary across the broader metro region.