The story of this market
The typical home in ZIP 89506 sells for about $501,750, or $292 per square foot.
Prices are up +8.1% from a year ago, so sellers still have some momentum. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $2,600 a month.
ZIP 89506 — Reno
The 89506 ZIP code serves as a more affordable entry point within the Reno market, with median listing prices significantly lower than the city-wide average. Market conditions remain competitive with steady demand, though inventory levels are constrained. Figures are based on current Realtor.com and local market data.
Median prices moved up 8.1% year over year.
Homes spend a median of 36 days on market with 3.2 months of supply — a fast-moving market.
17% 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 4.8% · poverty 9.5% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 89506, 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 US Census Bureau ZCTA 89506 profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.