Washoe County, Nevada Housing Market
In Washoe County, Nevada, the median home value is $539,900, with a median monthly rent of $1,608. This places Washoe County at #106 nationally out of 3134 counties by median home value, and #2 within Nevada.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,382
- Establishments: 17,988
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,656
- Multi-family: 875
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 217,587 (avg $134,795)
- Outflow: 209,613 (avg $135,071)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Washoe County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 89510 | 306.3 | -1.32% | 2025 |
| 2 | 89451 | 319.6 | — | 2025 |
| 3 | 89512 | 352.0 | +8.73% | 2025 |
| 4 | 89704 | 345.2 | +8.40% | 2025 |
| 5 | 89519 | 262.8 | -12.30% | 2025 |
| 6 | 89502 | 335.3 | -2.39% | 2025 |
| 7 | 89508 | 288.8 | +1.69% | 2025 |
| 8 | 89511 | 343.9 | +4.57% | 2025 |
| 9 | 89509 | 339.6 | +1.88% | 2025 |
| 10 | 89441 | 316.3 | +1.73% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Washoe County Compares
| Metric | Washoe County | Nevada Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $539,900 | $306,635 | $227,706 |
| Median Gross Rent | $1,608 | $1,169 | $968 |
| Owner Occupancy Rate | 59.9% | 73.0% | 73.3% |
| Price/Rent Ratio | 28.0 | 21.2 | 18.7 |
Market Analysis
The median home value in Washoe County is 76.1% above the Nevada state average and 137.1% above the U.S. national average. The median rent of $1,608/month is 37.6% above the state average.
With a price-to-rent ratio of 28.0, Washoe County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Washoe County has an owner-occupancy rate of 59.9%, compared to 73.0% in Nevada and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Hudson County | New Jersey | $539,700 | $1,894 |
| Collier County | Florida | $540,700 | $1,862 |
| Grand County | Utah | $538,700 | $1,118 |
| Utah County | Utah | $538,700 | $1,541 |
| Flathead County | Montana | $535,500 | $1,142 |
Other Counties in Nevada
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Douglas County | $615,400 | $1,593 | 78.8% |
| Carson City | $453,000 | $1,248 | 62.3% |
| Clark County | $431,000 | $1,626 | 57.8% |
| Storey County | $426,400 | $1,153 | 96.1% |
| Lyon County | $366,100 | $1,326 | 76.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).