Rental numbers for the Reno, NV metro
The typical home here runs -$2,064 a month at 7.78% with 25% down. 0 of 15 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.2%.
- Gross yield
- 4.3%
- typical home, Zillow
- Median ZIP yield
- 4.2%
- 15 ZIPs with full data
- Cash flow
- -$2,064/mo
- at 7.78%, 25% down
- Typical price
- $571,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,055/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
23 with published figures
| 89440Virginia City | $418,000 | $2,260* | 6.5% | 4.1% | -$840 | n/a |
| 89508Reno | $487,000 | $2,380* | 5.9% | 3.5% | -$1,196 | n/a |
| 89506Reno | $458,000 | $2,137 | 5.6% | 3.2% | -$1,236 | +4.8% |
| 89512Reno | $361,000 | $1,650 | 5.5% | 3.1% | -$1,000 | +4.0% |
| 89434Sparks | $479,000 | $2,155 | 5.4% | 3.0% | -$1,366 | +11.7% |
| 89431Sparks | $405,000 | $1,754 | 5.2% | 2.9% | -$1,186 | +10.2% |
| 89501Reno | $415,000 | $1,697 | 4.9% | 2.5% | -$1,363 | n/a |
| 89436Sparks | $575,000 | $2,336 | 4.9% | 2.5% | -$1,885 | +6.8% |
| 89441Sparks | $703,000 | $2,770* | 4.7% | 2.5% | -$2,336 | n/a |
| 89503Reno | $476,000 | $1,865 | 4.7% | 2.5% | -$1,552 | +7.0% |
| 89442Wadsworth | $410,000 | $1,550* | 4.5% | 2.2% | -$1,450 | n/a |
| 89433Sun Valley | $439,000 | $1,550* | 4.2% | 2.1% | -$1,581 | n/a |
| 89521Reno | $709,000 | $2,481 | 4.2% | 1.9% | -$2,671 | +9.3% |
| 89523Reno | $639,000 | $2,209 | 4.2% | 2.0% | -$2,399 | +7.5% |
| 89502Reno | $441,000 | $1,489 | 4.0% | 1.9% | -$1,660 | +7.7% |
| 89451Incline Village | $1,476,000 | $4,290 | 3.5% | 1.5% | -$6,066 | +4.2% |
| 89510Nixon | $787,000 | $2,100* | 3.2% | 1.2% | -$3,474 | n/a |
| 89439Verdi | $823,000 | $2,178 | 3.2% | 1.1% | -$3,715 | n/a |
| 89509Reno | $689,000 | $1,725 | 3.0% | 1.1% | -$3,073 | +6.7% |
| 89519Reno | $895,000 | $2,125 | 2.9% | 0.9% | -$4,186 | +5.6% |
| 89704Carson City | $718,000 | $1,550* | 2.6% | 0.7% | -$3,433 | n/a |
| 89511Reno | $1,120,000 | $2,102 | 2.3% | 0.4% | -$5,696 | +7.6% |
| 89402Incline Village | $2,920,000 | $2,300* | 0.9% | -0.7% | -$17,475 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.6%
- Rent, 12 months
- +7.3%
- Rent minus price growth
- +5.7 pts
- Property tax
- 0.43%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $513,972 | $1,745 |
| Aug 2022 | $581,110 | $1,800 |
| Aug 2023 | $536,733 | $1,804 |
| Aug 2024 | $558,040 | $1,858 |
| Aug 2025 | $561,981 | $1,915 |
| Aug 2026 | $570,858 | $2,055 |
Counties
- Washoe County, NV4.2% median yield
- Storey County, NVn/a median yield
Tools
Questions
- Is the Reno, NV metro good for rental property?
- The typical home here runs -$2,064 a month at 7.78% with 25% down. 0 of 15 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.2%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Reno, NV metro have the highest rental yield?
- 89506 (Reno) at 5.6%, 89512 (Reno) at 5.5%, 89434 (Sparks) at 5.4%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.