| Reno, NV | |
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| State | Nevada |
| Population | 246,500 |
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Compared to nearby areas, Reno is a bit more expensive, and it is significantly more expensive compared to the entire nation.
The value of the median home in Reno is $335,000. In comparison to the surrounding areas it is roughly $24,917 (8%) higher.It is roughly $117,500 (54%) higher compared to the rest of the nation.
The median rent in Reno is $1,029 per month. Compared to nearby areas this is roughly $321 (23%) lower.In comparison to the nation as a whole it is about $33 (3%) lower.
Sun Valley is Reno's neighbor to the northeast. The real estate prices there are a lot less expensive. The median home cost in Sun Valley is $169,000, which is $166,000 (98%) lower than Reno. Rent there is pretty similar. Sun Valley's median monthly rent is $1,016, which is $13 (1%) lower than Reno.
Sparks is Reno's neighbor to the east. Its real estate prices are somewhat less expensive. The cost of the median home in Sparks is $301,500, which comes out to $33,500 (11%) lower than Reno. Rent there is a little more expensive. The median rent in Sparks is $1,138 per month, which is $109 (9%) higher than Reno.
Verdi is Reno's neighbor to the west. The housing prices there are a lot more expensive. The price of the median home in Verdi is $506,800, which is $171,800 (33%) higher than Reno. Rents there are a bit more expensive. In Verdi the median monthly rent is $1,491, which works out to $462 (30%) higher than Reno.
Lemmon Valley is Reno's neighbor to the north. Housing prices there are significantly less expensive. Lemmon Valley's median home price is $246,600, which comes out to $88,400 (35%) lower than Reno. The rent there is a bit more expensive. The median rent in Lemmon Valley is $1,293 per month, which works out to $264 (20%) higher than Reno.
Cold Springs is Reno's neighbor to the northwest. Real estate prices there are a bit less expensive. Cold Springs's median home value is $258,500, which comes out to $76,500 (29%) lower than Reno. Rent there is a bit more expensive. In Cold Springs the median monthly rent is $1,453, which is $424 (29%) higher than Reno.
Spanish Springs is approximately 10 miles northeast from Reno. The real estate prices there are a little more expensive. The median home value in Spanish Springs is $378,100, which comes out to $43,100 (11%) higher than Reno. The rent there is significantly more expensive. Spanish Springs's median rent is $1,710 per month, which works out to $681 (39%) higher than Reno.