ZIP Code Market Report
89521 — Reno, NV
Data through February 2026 · Updated monthly
Avg Home Value
$692,685
▼ 0.2% year-over-year
Month-over-Month
-0.4%
▼ 0.4%
Single Family
$702,693
Condo / Co-op
$430,106
The average home value in the 89521 ZIP code (Reno, NEVADA) is $692,685 as of February 2026. Home prices are stable, down 0.2% compared to last year.
A 3-bedroom home in 89521 is valued at $640,414. 1-bedroom units start around $334,732. Single-family homes average $702,693, while condos average $430,106.
The market in 89521 has a $349,736 spread between bottom-tier homes at $555,829 and top-tier homes at $905,565. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 89521 ZIP code will decrease 0.2% over the next 12 months, bringing the projected average to approximately $691,300. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Storey County market area in NEVADA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Storey County report.
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Market Snapshot
89521 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $696,503 | $695,710 | $692,685 | ▼ 0.5% |
| Single Family Value | $698,922 | $701,388 | $702,693 | ▲ 0.5% |
Home Values
89521 Home Value Trend
Historical home values for ZIP code 89521. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 89521
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $334,732 |
| 2 Bedrooms | $586,684 |
| 3 Bedrooms | $640,414 |
| 4 Bedrooms | $744,769 |
Property Types
Home Values by Property Type in 89521
How different property types compare in this ZIP code.
All Homes
$692,685
Single Family
$702,693
Condo / Co-op
$430,106
Bottom Tier
$555,829
Top Tier
$905,565
Forecast
12-Month Home Value Forecast for 89521
Zillow projects home values in 89521 will decrease 0.2% over the next year, reaching approximately $691,300.
Current Value
$692,685
Projected Change
-0.2%
▼ 0.2%
Projected Value
$691,300
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 89521 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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