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Market MapReno, NV
Metropolitan Area

Reno, NV

Nevada02 counties
39
/100
Avoid
#844 of 894 metros
Top 94% nationally for investing

Market Snapshot

$552,710
Median Home Price
126% above national median
$1,929/mo
Median Rent
39% above national median
4.19%
Rent-to-Price Ratio
Top 91% nationally
-$1,643
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$552,710
Down Payment (20%)$110,542
Loan Amount$442,168
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,929
Monthly P&I-$2,897
Est. Expenses (35%)-$675
Net Cash Flow-$1,643/mo
2.7%
Cap Rate (all cash)
-15.5%
Cash-on-Cash Return
4.19%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 2.7% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
39/100
39
Cash Flow(30%)
33/100

Based on 4.19% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
49/100

Based on 0.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
21/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)
  • +Multiple counties (2) for portfolio diversification

Challenges

  • -Below-average rent-to-price ratio (4.19%)
  • -Negative cash flow at typical financing (-$1,643/mo)
  • -Negative leverage (cap rate 2.7% < mortgage rate 6.9%)
  • -High price-to-income ratio makes financing challenging

Counties in Reno, NV

Best Overall
Carson City
NV - Score: 43
Verdict
Carson CityNV
58,24943$478,743$1,7064.28%AvoidView
WashoeNV
486,67441$551,788$1,9024.14%AvoidView

Click any county to see detailed investment analysis

Compare to Similar Metros

Metro AreaVerdict
Springfield, MA
Springfield, MA
59$357,559$1,9406.51%HoldView
Omaha, NE
Omaha, NE
59$295,611$1,3955.66%HoldView
Greenville, SC
Greenville, SC
59$304,764$1,5496.10%HoldView
Albany, NY
Albany, NY
59$352,657$1,5825.38%HoldView
Lynchburg, VA
Lynchburg, VA
59$276,873$1,2795.54%HoldView
Current
Reno, NV
39$552,710$1,9294.19%Avoid

The Bottom Line

AvoidReno, NV may be challenging for traditional rentals. High prices or low rents make cash flow difficult. Look for specific counties with better ratios.

The Reno, NV metro area scores 39/100, ranking #844 of 894 US metros (top 94%). The 4.19% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Among 2 counties, Carson City shows the strongest investment potential (score: 43). Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-1,643/mo
Cap Rate
2.7%
Cash-on-Cash
-17.8%

Ready to Invest in Reno, NV?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

Single Family1-4 unit rentalsHouse HackOwner-occupiedMultifamily5+ unit propertiesBest CountyCarson City
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