Reno, Nv

Population: 236,995
Average annual home appreciation rate: 28.93%
Total of homes for sale in this market: 1,216
Median home price: $301,444
Median Rent: $1,027
Home price range: 32.10% of homes are between $149,001 – $298,000
Median sales price: $275,000
Number of homes: 784
Median foreclosure sales price: $200,000
Foreclosure discount: 27.3%
Most common home type: 49.07% of homes are Single family detached
Number of vacant homes: 11.17%
Number of renters: 53.82%
Number of owner occupied: 46.19%
Number people living below poverty level: 18.57%
Unemployment rate: 5.60%
Is this area perfect for real estate deals going on right now? Importantly, NeighborhoodScout’s exclusive research found that Reno’s housing market shows one of the top real estate appreciation rates in the U.S.A. in the latest quarter, which may signal the city’s near-future real estate investment strength. Relative to Nevada, our data show that Reno’s latest annual appreciation rate is higher than 70% of the other cities and towns in Nevada

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