Market Intelligence · NV / Reno

Reno, NV 89506 Housing Market

The typical home value in Reno's 89506 ZIP code is $460,917, up 0.4% over the past year. The median list price sits at $489,700, with homes spending a median of 43 days on the market.

Updated August 2026Median value$458K

The median home value in Reno, NV 89506 is $458K as of August 2026, up 1.0% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 89506 range

$422K to $495K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.0% over 12 months

Typical home value in 89506 over the last 12 months: $454K in Aug 2025 to $458K in Aug 2026 (+1.0%).

Aug 2025$454K

Aug 2026$458K

The numbers

What is the 89506 housing market like?

Typical home value

$458K

Up1.0%YoY

Median list price

$490K

Down2.4%MoM

Days on market

43

Up13.2%MoM

Homes for sale

87

Up13.0%MoM

Price cuts

13.3%

Down38.2%MoM

New listings

48

Up9.1%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 89506 home prices compare?

  • 89506$458,220
  • Reno$563,078
  • Nevada$415,320
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Reno: 12 ZIPs; Nevada: 133 ZIPs; United States: 26,265 ZIPs).

Context

There are 87 homes for sale in this ZIP code, with 48 new listings as of August 2026. About 13.3% of listings have seen a price cut, suggesting some sellers are adjusting expectations. Days on market at 43 reflects a moderate pace of movement. For a homeowner considering a sale, this is a relatively balanced market where pricing strategy matters.

Monthly payment

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20% · $91,644

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