Property Prices in Reno, NV, United States

Index Info
Price to Income Ratio: 4.12
Mortgage as Percentage of Income: 37.01%
Loan Affordability Index: 2.70
Price to Rent Ratio - City Centre: 10.95
Price to Rent Ratio - Outside of Centre: 11.92
Gross Rental Yield (City Centre): 9.13%
Gross Rental Yield (Outside of Centre): 8.39%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,568.18 $ 1,300.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,377.27 $ 1,100.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,551.33 $ 2,153.00-3,130.00
Apartment (3 bedrooms) Outside of Centre 2,188.75 $ 2,000.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 332.92 $ 310.00-500.00
Price per Square Feet to Buy Apartment Outside of Centre 315.35 $ 310.00-350.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,233.91 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.55 6.19-7.00

These data are based on 144 entries from 33 contributors over the past 18 months.
Last update: 27 June 2025

Sources and References
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