Market Intelligence · NV / Reno

Reno, NV 89511 Housing Market

The typical home value in Reno's 89511 ZIP code sits at $1,120,342, up 3.6% over the past year. The median list price is $1,591,500, with homes spending a median of 62 days on market as of September 2026.

Updated September 2026Median value$1120K

The median home value in Reno, NV 89511 is $1.12M as of September 2026, up 3.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Licensed pros in 89511.

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Alicia Goolsby

Lic #S.0194120 NV

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Typical 89511 range

$1.03M to $1.21M

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

+3.6% over 12 months

Sep 2025$1.08M

Low $1.08MHigh $1.12M

Sep 2026$1.12M

The numbers

What is the 89511 housing market like?

As of September 2026

Typical home value

$1.12M

3.6%YoY

Median list price

$1.59M

4.4%MoM

Days on market

3.3%MoM

Homes for sale

112

2.8%MoM

Price cuts

17.8%

17.0%MoM

New listings

16.7%MoM

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

The outlook

89511 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89511 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 89511 rose 3.6%, per the Zillow Home Value Index.

Will home prices drop in 89511?

Zillow's forecast does not call for a drop: it expects typical home values in 89511 to rise 2.2% by September 2027, after a 3.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 89511 home prices compare?

89511$1,120,342
Reno$560,179
Nevada$417,293
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Reno: 12 ZIPs; Nevada: 133 ZIPs; United States: 26,262 ZIPs).

Context

There are 112 homes for sale in 89511, with 40 new listings added in September 2026. About 17.8% of current listings have seen a price cut, suggesting some sellers are adjusting to market conditions even as home values have appreciated. The median time to sale of 62 days indicates moderate inventory flow and steady buyer interest. For sellers, the takeaway is straightforward: your home's value has grown, but pricing competitively matters more in this environment than rushing.

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Home price

Down payment20% · $224,068

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Common questions

What people ask us.

What is a typical home worth in 89511?

The typical home value is $1,120,342, up 3.6% over the past year as of September 2026.

How long do homes spend on the market in 89511?

Homes in this ZIP spend a median of 62 days on market.

Are sellers cutting prices in 89511?

Yes, about 17.8% of current listings have posted a price cut as of September 2026.

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