The story of this market
The typical home in ZIP 89431 sells for about $404,752, or $278 per square foot.
Prices are up +1.6% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $875 a month.
ZIP 89431 — Sparks
The 89431 housing market remains a more affordable alternative within the Sparks area, with a median home value significantly lower than the broader metro average. Market activity is stable, though specific metrics like closed sales and months of supply are not currently published at the ZIP level. Growth is driven by its accessibility and lower entry price point for buyers and renters.
This ZIP is well-suited for budget-conscious buyers, investors, and renters looking for more affordable housing options compared to the broader Reno-Sparks metro area.
Median prices moved up 1.6% year over year.
Homes spend a median of 45 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 89431, Washoe County NV
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Sparks area are generally consistent with regional averages for the Reno-Sparks metropolitan area, with property crime being the primary concern. Local law enforcement maintains active community outreach programs to address neighborhood safety.
The area is served by the Washoe County School District, with local schools including Mitchell Elementary and Sparks Middle and High schools.
The area faces moderate risks related to wildfire smoke during summer months and occasional high-wind events. Flood risk is generally low, though localized drainage management is a standard municipal priority.
The area features a mix of older residential neighborhoods and proximity to the revitalizing downtown Sparks corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Nevada) — Disabled Veterans Property Tax Exemption: Provides a partial exemption from property taxes based on the veteran's disability rating, which is applied to the assessed value of the property. State (Nevada) — Nevada Property Tax Assessment and Levy: Property tax is calculated using the formula: (Taxable Value * 0.35) * Tax Rate = Total Property Tax. Taxable value is determined by county assessors, and the assessment ratio is fixed at 35% of taxable value.
The ZIP offers direct access to major regional corridors, providing a relatively short commute to employment centers in Reno and Sparks.
Residents have access to local parks and the amenities of downtown Sparks, including shopping and dining districts within a short distance.
The rental market is characterized by a high share of renter-occupied households, with 2-bedroom units being the most common inventory.
The local economy is integrated into the broader Reno-Sparks industrial and service sector, with proximity to major regional employers.
The area is served by a robust network of arterial roads and is well-integrated into the regional RTC transit system. Proximity to the Reno-Tahoe International Airport provides significant regional connectivity.
Development planning focuses on high-density residential infill and the modernization of older commercial corridors to support population growth.
The Washoe County Assessor manages property valuations, utilizing a mass appraisal system that adheres to Nevada state law and tax cap regulations.
Parcels are served by the Washoe County School District.
Property insurance premiums are influenced by regional wildfire risk assessments and the general cost of construction in the high-desert environment.
Nevada continues to see positive net domestic migration, largely driven by individuals relocating from California for lower costs of living and business-friendly policies.
Nevada is a non-judicial foreclosure state, allowing for a streamlined process that typically requires a notice of default and a subsequent notice of sale.
Sellers are required to provide a comprehensive real property disclosure form detailing the condition of the property, including known defects and material facts.
Data retrieved from Census Reporter profile for ZCTA 89431.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Coconut Bowl at Wild Island4.52 mi
- Fly High Trampoline Park Reno Sparks4.51.2 mi
- The Waterpark at Wild Island4.42 mi
- Need 2 Speed4.22.2 mi
- Birdeez Reno4.83.7 mi
- Grand Sierra Resort and Casino4.32.1 mi
- Reno-Sparks Convention Center4.34.3 mi
- National Automobile Museum4.83.3 mi
- Coconut Bowl at Wild Island4.52 mi
- Reno Public Market4.13.7 mi
- Grand Sierra Resort and Casino4.32.1 mi
- Idlewild Park4.64.7 mi
- Rancho San Rafael Regional Park4.74 mi
- Cinemark Century Park Lane 16 and XD4.33.7 mi
- National Automobile Museum4.83.3 mi
- National Automobile Museum4.83.3 mi
- The Discovery4.73.5 mi
- Nevada Museum of Art4.63.7 mi
- Republic of Molossia4.518.7 mi
- Fleischmann Planetarium4.43.8 mi
- Idlewild Park4.64.7 mi
- Rancho San Rafael Regional Park4.74 mi
- Golden Eagle Regional Park4.76 mi
- Hunter Creek Trailhead4.88.5 mi
- Mayberry Park4.78.3 mi
- Red Hawk Golf and Resort4.46 mi
- Washoe County Golf Course4.14.9 mi
- Lakeridge Golf Course4.45.7 mi
- Sierra Sage Golf Course4.69.4 mi
- The Club at ArrowCreek4.49.5 mi
- Grand Sierra Resort and Casino4.32.1 mi
- Meadowood Mall4.34.9 mi
- WinCo Foods4.32.1 mi
- Legends at Sparks Marina4.51.6 mi
- WinCo Foods4.56.9 mi
- Reno-Tahoe International Airport4.32.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The historic and revitalized core of the city featuring local businesses and entertainment.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.