Property Prices in Reno, NV, United States

Index Info
Price to Income Ratio: 4.05
Mortgage as Percentage of Income: 35.83%
Loan Affordability Index: 2.79
Price to Rent Ratio - City Centre: 10.40
Price to Rent Ratio - Outside of Centre: 12.70
Gross Rental Yield (City Centre): 9.62%
Gross Rental Yield (Outside of Centre): 7.88%
Rent Per Month
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1 Bedroom Apartment in City Centre 1,546.25 $ 1,350.00-2,300.00
1 Bedroom Apartment Outside of City Centre 1,338.00 $ 1,054.00-1,500.00
3 Bedroom Apartment in City Centre 2,495.75 $ 2,153.00-3,130.00
3 Bedroom Apartment Outside of City Centre 2,115.62 $ 2,000.00-2,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 310.80 $ 298.22-332.96
Price per Square Feet to Buy Apartment Outside of Centre 325.55 $ 310.00-336.31
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,232.70 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.37 6.00-6.80

These data are based on 138 entries from 30 contributors over the past 18 months.
Last update: 6 December 2025

Sources and References
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