The story of this market
The typical home in ZIP 89502 sells for about $465,000, or $285 per square foot.
Prices are up +2.2% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,606 a month.
ZIP 89502 — Reno
The 89502 housing market remains stable, supported by consistent demand from airport-area workers and limited inventory. While price growth has moderated compared to previous years, the area maintains strong appeal for buyers seeking proximity to major transit corridors and employment hubs.
This area is well-suited for commuters and working families who prioritize proximity to the airport and major highway corridors over the higher price points of suburban Reno.
Median prices moved up 2.2% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 13.5% — 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 10.1%/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 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 89502, 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 89502 area are generally higher than the national average, reflecting typical urban density patterns for the Reno-Sparks metropolitan region.
Schools serving the area are part of the Washoe County School District, with performance ratings varying significantly by specific neighborhood and school site.
The area faces moderate wildfire risk common to the Great Basin region and requires standard flood insurance considerations for properties near the Truckee River floodplain.
Economic momentum is driven by proximity to the Reno-Tahoe International Airport and ongoing industrial expansion in the surrounding logistics and manufacturing corridors.
Property taxes are assessed by Washoe County based on a formula involving the taxable value of land and improvements, subject to state-mandated caps on annual increases.
Residents benefit from direct access to I-580 and US-395, providing efficient transit to downtown Reno and the major employment hubs in the South Meadows area.
The ZIP features access to the Hidden Valley Regional Park and is within a short drive of the Truckee River trail system and various local golf courses.
The rental market is characterized by steady demand driven by airport-area employment, with a mix of multi-family complexes and single-family rentals.
The economy is heavily influenced by the logistics, aviation, and hospitality sectors, anchored by the Reno-Tahoe International Airport and nearby industrial parks.
The area is served by major highway interchanges at I-580 and US-395, facilitating regional connectivity.
Development is focused on infill projects and the expansion of industrial capacity near the airport corridor.
Parcels are subject to Washoe County School District and various regional utility service districts.
Insurance premiums are influenced by regional wildfire risk assessments and proximity to urban fire protection services.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
Major regional anchor located within the ZIP.
Large community park offering trails and equestrian facilities.
Public golf course serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.