Home Affordability in 89501
Reno, NV — Washoe County
The median home price in ZIP code 89501 (Reno) is $485,000 with a median household income of $58,000. The price-to-income ratio is 8.4x.
Median Home Price
$485,000
Median Income
$58,000
Price-to-Income
8.4x
Est. Affordable Home
$226,000
Property Tax Rate
0.63%
Annual Property Tax
$3,056
Cost of Living
108
Metro Area
Reno MSA
Down Payment Scenarios for ZIP 89501
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $14,550 | $470,450 | Yes |
| 5% | $24,250 | $460,750 | Yes |
| 10% | $48,500 | $436,500 | Yes |
| 20% | $97,000 | $388,000 | No |
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