Property Prices in Reno, NV, United States

Index Info
Price to Income Ratio: 4.02
Mortgage as Percentage of Income: 36.43%
Loan Affordability Index: 2.74
Price to Rent Ratio - City Centre: 11.11
Price to Rent Ratio - Outside of Centre: 12.00
Gross Rental Yield (City Centre): 9.00%
Gross Rental Yield (Outside of Centre): 8.33%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,517.35 $ 1,300.00-1,900.00
Apartment (1 bedroom) Outside of Centre 1,354.17 $ 1,100.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,524.31 $ 2,153.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 2,205.42 $ 2,000.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 330.05 $ 310.00-500.00
Price per Square Feet to Buy Apartment Outside of Centre 315.28 $ 310.00-350.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,322.68 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.67 6.19-7.50

These data are based on 148 entries in the past 18 months from 29 different contributors.
Last update: December 2024

Sources and References
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