Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$570,399+2.2% YoY · prices are rising
Market right nowBalanced marketFewer homes for sale than last year, 21% have cut their price
Income needed to buy, per year$123,651About 1.4× the local median income ($91,178): a stretch for a typical household
Days on market60 daysFaster than a year ago: sellers have the edge
Next 12 months+2.4%Zillow expects prices to rise slightly
The typical home in Washoe County, NV is worth $570,399, up 2.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $518,291, so the area is 10.1% overvalued. It is a balanced market: homes take about 60 days to sell, listings are down 13% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 2.4% over the next year. A household needs about $123,651 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $91,178. Typical rent is $2,069 a month, or $2,662 for a house. In the latest IRS figures, 803 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$570,399
Change in 1 year
+2.2%
Overvalued %
+10.1%
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Fair home value
$518,291
Change in 5 years
+10.2%
Zillow forecast, next 12 months
+2.4%
Home value to income
6.3×
Monthly mortgage payment (20% down)
$3,091
Income needed to afford it
$123,651
Property tax rate
0.44%
Rent and investing
Typical rent
$2,069
Typical rent for houses
$2,662
Price-to-rent ratio
23.0×
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HUD Fair Market Rent, 2 bedrooms
$1,837
Gross rental yield
4.35%
Cap rate (estimate)
2.83%
Market activity
Listings vs a year ago
−13.0%
Days on market
60
Listings with a price cut
21.3%
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Homes for sale
1,294
Pending sales per 100 listings
41
Asking price per sq ft
$345
People and jobs
Median household income
$91,178
Population change (1 year)
+0.8%
Unemployment rate
5.1%
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Population
509,386
Income adjusted for cost of living
$90,275
Net moves in (IRS)
+803
Cost of living (US = 100)
101.0
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
96.7
Unhealthy air days a year
2
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Flood risk score
94.5
Wildfire risk score
99.0
Walkability (1 to 20)
10.0
Road, rail and air noise
54 dB
Questions people ask
Is Washoe County, NV overvalued?
Home prices in Washoe County, NV are well above what local incomes have historically supported: fair value is about $518,291, so the area is 10.1% overvalued.
Is Washoe County, NV a buyer's or seller's market?
Washoe County, NV is a balanced market: homes take about 60 days to sell, listings are down 13% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Washoe County, NV?
Home values in Washoe County, NV are up 2.2% over the last year. Zillow's forecast for the next 12 months is +2.4%.
How much do you need to earn to buy a home in Washoe County, NV?
A household needs about $123,651 a year to afford the typical home in Washoe County, NV at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $91,178.