The story of this market
The typical home in ZIP 89405 sells for about $576,359, or $334 per square foot.
Prices are up +8.7% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 89405
The housing market in the 89405 area reflects broader Reno trends, characterized by steady price appreciation and limited inventory. Demand remains supported by regional economic growth, though affordability constraints persist for local buyers.
Median prices moved up 8.7% year over year.
Homes spend a median of 44 days on market with 4.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 8.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 89405, Washoe County NV
Data retrieved from data.census.gov ZCTA 89405 profile.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.