The story of this market
The typical home in ZIP 89501 sells for about $567,000, or $904 per square foot.
Prices are up +1.7% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $2,251 a month.
ZIP 89501 — Reno
The 89501 ZIP code reflects a dense, urban core market in Reno with a high concentration of renters and older housing stock. Market conditions are currently balanced, with modest year-over-year price appreciation and inventory levels that provide buyers with moderate options. Figures are derived from a mix of ZCTA-level census data and broader Reno-market indicators where ZIP-specific metrics were unavailable.
Median prices moved up 1.7% year over year.
Homes spend a median of 44 days on market with 4.2 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 15.0% — a stable, low-distress profile.
ZCTA 89501, 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.
Data retrieved from ZCTA 89501 census profiles and Zillow market insights.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.