Property Prices in Reno, NV, United States

Index Info
Price to Income Ratio: 3.91
Mortgage as Percentage of Income: 34.12%
Loan Affordability Index: 2.93
Price to Rent Ratio - City Centre: 8.30
Price to Rent Ratio - Outside of Centre: 12.62
Gross Rental Yield (City Centre): 12.05%
Gross Rental Yield (Outside of Centre): 7.93%
Rent Per Month
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1 Bedroom Apartment in City Centre $1,928.33 1,470.00-2,500.00
1 Bedroom Apartment Outside of City Centre $1,390.80 1,054.00-1,500.00
3 Bedroom Apartment in City Centre $3,096.00 2,850.00-3,500.00
3 Bedroom Apartment Outside of City Centre $2,163.00 1,955.00-2,500.00
Buy Apartment Price
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Price per Square Meter to Buy Apartment in City Centre $3,322.00 3,210.00-3,584.00
Price per Square Meter to Buy Apartment Outside of Centre $3,594.44 3,541.00-3,620.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) $4,421.27
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.18 6.00-6.69

These data are based on 80 entries from 16 contributors over the past 18 months.
Last update: 5 June 2026

Sources and References
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