The story of this market
The typical home in ZIP 89511 sells for about $1,350,000, or $334 per square foot.
Prices are up +8.7% 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 $2,800 a month.
ZIP 89511 — Reno
The 89511 housing market remains highly competitive, driven by strong demand for luxury properties and limited inventory. Prices continue to appreciate as the area benefits from its proximity to major employment hubs and high quality of life, maintaining a steady upward trajectory.
This ZIP is ideal for affluent families, professionals working in the tech corridor, and downsizers seeking luxury amenities and proximity to outdoor recreation.
Median prices moved up 8.7% year over year.
Homes spend a median of 44 days on market with 3.8 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) · unemployment 3.1% · poverty 4.5% — 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 10.5%/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 7.0%/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 89511, 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 in the 89511 area is generally lower than the Reno citywide average, with the region characterized by suburban safety and low rates of violent crime.
Schools serving the 89511 area are part of the Washoe County School District and are generally well-regarded, with several top-rated elementary and middle schools located within the ZIP.
The area faces moderate wildfire risk due to its proximity to the Sierra Nevada foothills, and residents are typically required to maintain defensible space around properties.
Economic momentum is driven by the nearby Tahoe-Reno Industrial Center and the expansion of the tech corridor, which continues to attract high-income professionals to the region.
Property taxes in Nevada are governed by a constitutional cap that limits annual increases on primary residences, with the effective rate determined by the Washoe County Assessor based on local tax districts.
Residents typically commute via I-580/US-395, providing direct access to downtown Reno and the employment hubs in the South Meadows area.
The area features extensive access to the Sierra Nevada foothills, including trails at Galena Creek Regional Park, proximity to Lake Tahoe, and several premier golf courses like Montreux.
The rental market is characterized by high demand for luxury single-family homes, with limited vacancy pressure and a growing presence of long-term corporate rentals.
The economy is anchored by the technology, logistics, and manufacturing sectors, heavily influenced by the nearby Tesla Gigafactory and the broader Tahoe-Reno Industrial Center.
Development is focused on high-end residential infill and commercial expansion along the I-580 corridor.
Parcels are subject to Washoe County property tax levies and various utility districts providing water and sewer services.
Property insurance premiums are rising due to increased wildfire risk in the wildland-urban interface, necessitating robust fire mitigation efforts.
Data retrieved from US Census Bureau ACS tables for ZCTA 89511.
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 major regional park offering extensive hiking trails and nature education.
A private, Jack Nicklaus-designed championship golf course.
An open-air shopping and dining destination serving the South Reno area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.