Reno, NV
Balanced's marketSoftening prices and 54% of homes selling below list — Reno is one of the cleaner buyer markets in the country right now.
DATA · Zillow Research (via scrape.do) · AS OF APRIL 2026
| Detail | Value | Detail | Value |
|---|---|---|---|
| Median list price | $621,208 | Median sale price | $544,167 |
| Sale-to-list ratio | 0.993 | % sold below list | +53.5% |
| Active inventory | 943 | New listings | 367 |
How Reno has moved.
Reno sits at a median home value of $570,934 as of the latest Zillow read, essentially flat year-over-year, which historically is the most workable environment for disciplined wholesalers.
The sale-to-list ratio of 0.993 signals a balanced market — neither bid wars nor fire sales dominate. 53.5% of closings land below list, leaving room to negotiate on the right deal but no broad discount across the board.
Rents are the weak side of this market. ZORI is $1,877/mo against a $571k median — a 3.95% gross yield isn’t enough to make most BRRRRs cash-flow at today’s debt costs. Plan to exit, not hold.
Median days-on-market is running around 16 days against 942.667 active listings — that’s a fast-moving market. Speed is the moat; pre-arranged proof of funds and a tight buyers list are the difference between getting under contract and getting outbid.
MDR’s composite investor score for Reno is 45/100 based on rent yield, sale-to-list discount, motivated-seller proxies, and DOM. Lower tier this quarter. Watch list, not deploy list — re-evaluate next read.
The same data, five operator lenses.
Lead lists, sourcing channels, and disposition strategies tuned to the local market.
ARV math, rehab scope, and exit timing for the local buyer profile.
Buy-rehab-rent-refi-repeat math tuned to local rents, prices, and DSCR.
Buy-and-hold rental analysis tuned to local rents, taxes, and tenant mix.
Subject-to, seller financing, wraps, and lease-options sized for the local market.
Reno for investors.
Is Reno a good market for real estate investors in 2026?
Metro Deal Report's composite investor score for Reno is 45/100, based on rent yield, sale-to-list ratio, motivated-seller proxies, and days on market. Reno is a lower-tier market right now. Watch list, not deploy list, until the numbers shift.
What is the median home price in Reno?
The typical home value in Reno as of the most recent Zillow read is $570,934. Median list price is $621,208 and median sale price is $544,167. Year-over-year change: -0.3%.
What can a landlord expect to rent a property for in Reno?
Zillow's Observed Rent Index for Reno is $1,877/mo. Against the typical home value of $571k, that produces a gross annual rent yield of 3.95% — below the national 4-5% baseline, which makes BRRRR difficult at today's debt costs.
Is Reno a buyer's or seller's market?
Reno's current sale-to-list ratio is 0.993 with 53.5% of homes closing below list. That's a balanced market — neither side dominates. Median days on market: 16 days. Active inventory: 943 listings.
Which investment strategy works best in Reno?
Reno's data favors a mixed approach — no single strategy dominates, so selective deal sourcing wins. See the per-strategy breakdowns at /wholesaling/reno, /brrrr/reno, and /flipping/reno.
Loan options for Reno properties.
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