ROIStack
Market Intelligence

Reno, NV

Updated quarterly · Data sourced from Zillow ZHVI/ZORI, Census ACS, and FHFA. · Nevada overview

Analyze a Reno deal

Home Value

$540k+3.2%

Median Rent

$1,890+0.8%

Per month average

Gross Yield

4.20%

Annual rent / value

Rent / Price

0.350%

1% rule benchmark

HH Income

$78,000

Median household

Owner-Occ

57.0%

Renter-Occ

43.0%

Tenant demand share

Population

530k

Metro area census

Market Analysis

The Reno, NV real estate market currently sits at a median home value of $540k with median rents around $1,890/month, producing a gross yield of 4.20%. That puts Reno in the category of compressed gross yield, primarily an appreciation play. Over the past year, home values are up 3.2%, while rents rose 0.8%, the gap between those two trends is what determines whether yield compresses or expands over time for buy-and-hold investors in Nevada. Reno is an owner-occupier market (57% owner-occupied) where investor competition is generally lighter, with median household income of $78,000 setting the affordability ceiling on future rent growth.

Frequently asked questions

What is the average rent in Reno, NV?
As of late 2025, the median rent in Reno is approximately $1,890 per month, with rent growth of 0.8% year over year.
Is Reno a good market for rental property investing?
Reno produces a gross rental yield of about 4.20%. That is below the 7% LTR benchmark, so investors in Reno typically combine modest cash flow with appreciation upside. Run your specific numbers in a calculator before committing capital.
What is the median home price in Reno?
The median home value in Reno, NV is approximately $540,000, up 3.2% from a year ago.
How have home prices changed in Reno over the past year?
Home values in Reno have moved 3.2% year over year, while rents have changed by 0.8%. This price-to-rent gap is the single biggest driver of long-term rental investor returns in the Nevada market.
What is the rent-to-price ratio in Reno?
Reno has a rent-to-price ratio of 0.350%, meaning monthly rent is about 0.350% of the home's price. The "1% rule" used by buy-and-hold investors looks for 1.0%+; this market falls short of that bar, which is typical for most large US metros today.

Nearby Nevada markets

Las Vegas, NV

Ready to analyze a Reno deal?

Plug in a real Reno, NV property and ROIStack will run the cash flow, cap rate, and 5-year projection in seconds.

Open Deal Calculator
Browse all metros