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Reno, NV

Housing in Reno, NV: Rent, Home Prices & Property Tax

$1,556/mo (1 bd) in Reno. Median home $474,000. Property tax 0.55%.

Rent (1 bd)
$1,556
/mo
Buy
$3,049
Mortgage, tax, insurance
Buying costs more
$1,493
/mo

State tax and rent

To buy

  • 20% down payment$94,800
  • Mortgage at 6.5%$2,397
  • Property tax (0.55% of value)$217/mo · $2,607/yr
  • Insurance and upkeep$435
  • Monthly total$3,049

48.3% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,296 left each month. About 42 months (3.5 years) to save $94,800.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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