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Foreclosure Homes in Reno, NV

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5 View this home at White Sage Dr Reno NV 89506
Preforeclosure
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$348,269 EMV
White Sage Dr
Reno, NV 89506
Single-Family
|
3 |
2
|
1,284
EST. RENT: $1,700
|
AUCTION: 04-05-2024
Single-Family
|
3 |
2
|
1,284
View this home at Homestead Pl Reno NV 89509
Preforeclosure
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$608,190 EMV
Homestead Pl
Reno, NV 89509
Single-Family
|
3 |
2
|
1,637
EST. RENT: $1,970
|
AUCTION: 04-05-2024
Single-Family
|
3 |
2
|
1,637
5 View this home at Ashworth Ct Reno NV 89521
Preforeclosure
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$564,445 EMV
Ashworth Ct
Reno, NV 89521
Single-Family
|
4 |
3
|
2,037
EST. RENT: $2,510
|
AUCTION: 04-05-2024
Single-Family
|
4 |
3
|
2,037
View this home at Atoll Dr Reno NV 89506
Preforeclosure
VIEW DETAILS
Atoll Dr
Reno, NV 89506
Single-Family
AUCTION: 04-16-2024
Single-Family
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Reno, NV Foreclosures

How much do homes sell for in Reno, NV?
The average home price is currently $615,972.
In Reno, NV, how many homes are available?
There are currently 94,706 active home listings available in Reno.
What’s the average rental cost in Reno, NV?
The average rental price in Reno is $1,781.
What is the most expensive home in Reno, Nevada?
The most expensive home sold in Reno had a price of $21,396,900.
What is currently the cheapest priced home in Reno, NV?
The cheapest home for sale in Reno is priced at $40,856.

Home Value Estimator For Reno, NV

There are currently 94,706 real estate properties in Reno, NV, with a median automated valuation model (AVM) price of $516,919.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Reno, NV, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Reno, NV, is $615,972.00, with the most expensive house in Reno, NV, topping out at $21,396,900.00 and the cheapest home in Reno, NV, clocking in at $40,856.00. In other words, there’s something for every potential homebuyer or savvy investor in Reno, NV!


Rent Prices In Reno, NV

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Reno, NV, is on a rollercoaster ride. The average rent price in Reno, NV, is $1,781.00. Indeed, when looking to rent in Reno, NV, you can expect to pay as little as $540.00 or as much as $5,480.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Reno, NV -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Reno, NV In 2024

Reno is located in Washoe, Nevada, with an estimated municipal population of 255,601 residents. All of the best foreclosed homes for sale in Reno are located in the following zip code areas on Foreclosure.com: 89521 89523 89439 89503 89502 89501 89506 89509 89508 89519 89512 89505 89507 89533 89555 89557 89595 89599. The estimated population per square kilometer (.62 miles) in Reno is 907.


Cost Of Living In Reno, NV

So, about how much do homes cost in Reno? The most recent median value of resident-owned homes in Reno is 332,902. An estimated 48 percent of households in Reno own their homes, with an average family size of 3.03. The median household income in Reno is 58,790, with26 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Reno, the median commute time of resident workers (in minutes) is 20.3. And last, but certainly not least, are you looking for homes to rent in Reno? If so, the average rent price paid by renters in Reno is 1,029, according to recent statistics.


Diversity And Demographics In Reno, Nevada

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Reno, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Reno is 35.8, split between 50.5 percent male versus 49.5 female. The percentage of residents who report being married in Reno is 42.5, with an average family size of 3.03.

The percentage of residents who report their race in Reno is as follows:

White 75.4%
Black / African American 2.8%
Asian 6.7%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0.8%
Multi-racial 4.8%
Other 8.5%

Looking for family-friendly neighborhoods in and/or near Reno? Or maybe you are searching for 55+ active adult communities in and/or near Reno?

The percentage of residents who report their age in Reno is as follows:

Under 10 12%
Aged 10-19 12%
20s 17%
30s 14.3%
40s 11.9%
50s 12.1%
60s 11%
70s 6.6%
80+ 3.1%

Best Schools In Reno, Nevada

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Reno with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Reno.


Pros And Cons Of Living In Reno, Nevada

How do you know that living in -- or moving to -- Reno is right where you need to be? Perhaps you grew up in Reno or already live nearby; therefore, the decision to buy a home in Reno is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Reno for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Reno:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Reno.


Reasons To Move To Reno, Nevada, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Reno can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Reno, meanwhile, can field multiple offers from more qualified buyers.

Reno, NV Foreclosures


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