Investor-grade market analytics for Reno, Nevada. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through July 2026.
$573,912
+0.9% year-over-year
4.2%
gross annual
+0.9%
base case (Zillow ZHVF)
+0.9% year-over-year
40/100
LowNet migration: Top 5% nationally
In-migrants avg $111,281 AGI vs out-migrants $98,065
Opportunity Zone Market
8 ZIP codes in Reno are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Reno, NV is in a stabilization phase with 0.9% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability pressure is significant: the price-to-income ratio of 6.78x well exceeds the national average of 4.8x. Modest net positive migration (+1,351 returns/year) provides steady demand support. Climate risk is moderate (40/100) with manageable exposure. Rental yield of 4.24% is moderate, offering acceptable cash flow for leveraged investments.
12-month projection (Zillow ZHVF model)
Reno, NV's primary climate exposure is wildfire (60/100). The composite climate risk score of 40/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.