Foreclosures in Reno, NV 89506

Current Market Conditions in Reno, NV

As of late 2023, Reno's real estate market continues to show resilience, although the pace of sales has moderated slightly. Homes are still selling, but buyers are becoming more selective, leading to a stabilizing inventory of available properties.

The influx of new residents from higher-cost areas in California has kept prices competitive, though local wages are starting to catch up, which is encouraging a diverse workforce to set roots in the area.

Rent Prices In Reno, NV

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Reno, NV, is on a rollercoaster ride. The average rent price in Reno, NV, is $1,781.00. Indeed, when looking to rent in Reno, NV, you can expect to pay as little as $540.00 or as much as $5,480.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Reno, NV -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.