The story of this market
The typical home in ZIP 89509 sells for about $699,900, or $340 per square foot.
Prices are up +4.46% 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 $2,249 a month.
ZIP 89509 — Reno
The 89509 housing market remains robust with high demand and a median home price near $700,000. While days on market have increased slightly, the area continues to see steady appreciation driven by limited inventory and strong interest from both families and investors.
This ZIP is ideal for professionals and families seeking a blend of urban convenience and access to outdoor recreation, as well as investors targeting a high-demand rental market.
Median prices moved up 4.5% year over year.
Homes spend a median of 45 days on market with 2.4 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 3.8% · poverty 9.5% — 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 6.9%/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 6.4%/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 89509, 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.
The area is served by the Washoe County School District, which maintains a mix of highly-rated and average-performing schools.
The region faces moderate wildfire risk and standard insurance requirements for the high-desert climate.
Economic momentum is driven by Reno's diversification into technology, logistics, and manufacturing, supported by proximity to the Tahoe-Reno Industrial Center.
Nevada has no state personal income tax; property taxes are assessed by Washoe County based on a formula capped by state law.
Residents enjoy a central location with efficient access to downtown Reno and major employment hubs via I-580 and US-395.
The ZIP features proximity to the Truckee River, numerous city parks, and easy access to world-class skiing and outdoor recreation in the Sierra Nevada.
The rental market is characterized by high demand and limited vacancy, with significant interest from both long-term tenants and short-term rental investors.
The economy is anchored by gaming, tourism, and a growing technology sector, with major employers including the University of Nevada, Reno and regional healthcare systems.
The area is served by the RTC Ride bus system and provides easy access to the Reno-Tahoe International Airport and major highway corridors.
Ongoing urban infill projects in the Midtown and downtown areas continue to increase residential density.
Parcels are subject to Washoe County property taxes and various special assessment districts for utilities and flood control.
Property insurance premiums are rising due to regional wildfire risk, necessitating comprehensive coverage.
Data retrieved from data.census.gov ZCTA 89509 profile.
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.
A popular local park featuring a lake, walking paths, and bird watching.
A vibrant district known for local boutiques, restaurants, and nightlife.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.