HousingHandbookReference data

U.S. ZIP Code · NV89402

Washoe County · Reno, NV

Typical home value

$2,856,127[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+11.0%
5-year / yr
+4.2%
10-year / yr
+7.8%

Relative price

vs U.S.
+905.4%
vs metro
+492.8%
vs state
+584.9%
ZIP 89402 location in NV
Location of ZIP 89402 in NV

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 89402 is worth $2,856,127 — 492.8% above the Reno, NV median. Over the past year, values have risen 11.0%. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$17,679[3]

#Climate risk

FEMA National Risk Index ratings for Washoe County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Relatively High
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Relatively High
Winter weather
Very High

#Who lives here

Population
118[3]
Median household income
[3]

#Migration

Household moves in and out of Washoe County over a year, from IRS tax-return data.

Net migration
+897[5]
Moved in
12,886
Moved out
11,989

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$14,442
Loan principal$2,284,902
Down payment$571,225
Total interest paid$2,914,266

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$18,298
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
78th percentile[1]
Rental yield
[2]
Property tax
100th percentile[3]

Frequently asked

How much is a home worth in ZIP code 89402?
The typical home in 89402 is worth $2,856,127, based on the Zillow Home Value Index.
Are home values rising in 89402?
Home values in 89402 are up 11.0% over the past year, and up 4.2% a year over five years.
What is the property tax rate in 89402?
The effective property tax rate in 89402 is 0.6% — roughly $17,679 a year on a typical home.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Incline Village CDP, NV

    Typical home
    $1,441,297
    Gross yield
    3.0%
  • Reno, NV

    Typical home
    $1,122,360
    Gross yield
    2.1%
  • Reno, NV

    Typical home
    $890,298
    Gross yield
    2.7%
  • Reno, NV

    Typical home
    $827,351
    Gross yield
  • Sutcliffe CDP, NV

    Typical home
    $781,694
    Gross yield
  • Reno, NV

    Typical home
    $705,778
    Gross yield
    3.9%

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