Reno, NV home prices
Typical home $569,662 · +2.1% in a year · income needed $152,600
The Reno, NV metro area ranks 53 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.1% in a year and +10.2% over five years. With 20% down at 7.11%, the typical home costs about $3,560 a month including 0.44% property tax (Washoe County rate).
Mortgage on the typical Reno home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $113,932 | $455,729 | $3,066 | $0 | $495 | $3,560 | $152,600 |
| 10% down | $56,966 | $512,695 | $3,449 | $214 | $495 | $4,157 | $178,200 |
| 5% down | $28,483 | $541,179 | $3,641 | $225 | $495 | $4,361 | $186,900 |
| 3.5% down (FHA) | $19,938 | $559,344 | $3,763 | $252 | $495 | $4,509 | $193,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.44% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Reno area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Washoe County, NV | $570,399 | +2.2% | 0.44% |
| Storey County, NV | $480,475 | +2.7% | 0.34% |
What can you afford in Nevada on your salary? · Nevada home prices · Salaries in Nevada
Frequently asked questions
How much is a house in Reno?
The typical home in the Reno, NV metro area is worth $569,662 (Zillow, September 2026).
What salary do you need to buy a house in Reno?
About $152,600 a year for the typical home with 20% down at 7.11%.