HousingHandbookReference data

U.S. ZIP Code · NV89434

Storey County · Reno, NV

Typical home value

$473,647[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.4%
5-year / yr
+3.5%
10-year / yr
+6.6%

Relative price

vs U.S.
+66.7%
vs metro
-1.7%
vs state
+13.6%
ZIP 89434 location in NV
Location of ZIP 89434 in NV

Price history

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

The typical home in 89434 is worth $473,647 — 1.7% below the Reno, NV median. Over the past year, values have fallen 0.4%. Homes here rent for a typical $1,998 a month — a 5.1% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

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

Monthly rent
$1,998[2]
Gross yield
5.1%[2]
Cap rate
3.0%[2]

#Property tax

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

Effective tax rate
0.4%[3]
Typical annual tax
$1,829[3]

#Climate risk

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

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

#Who lives here

Population
27,990[3]
Median household income
$91,507[3]

#Migration

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

Net migration
+38[5]
Moved in
196
Moved out
158

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
8
Elementary
5
Middle
1
High
2
  • EDWARD C. REED HIGH SCHOOL

    High · Grades 9–12 · Washoe County

    2,119 students

  • LOU MENDIVE MIDDLE SCHOOL

    Middle · Grades 6–8 · Washoe County

    902 students

  • KATHERINE DUNN ELEMENTARY

    Elementary · Grades PK–5 · Washoe County

    460 students

  • LLOYD DIEDRICHSEN ELEMENTARY

    Elementary · Grades K–5 · Washoe County

    339 students

  • MARVIN MOSS ELEMENTARY

    Elementary · Grades PK–5 · Washoe County

    333 students

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 yield5.1%
Net yield (after ~40% expenses)3.0%
Annual rent$23,974

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$2,395
Loan principal$378,917
Down payment$94,729
Total interest paid$483,288

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 ratio1.47
Monthly cost to own$2,944
Monthly rent$1,998

Renting is meaningfully cheaper month-to-month.

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
41st percentile[1]
Rental yield
92nd percentile[2]
Property tax
23rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 89434?
The typical home in 89434 is worth $473,647, based on the Zillow Home Value Index.
Are home values rising in 89434?
Home values in 89434 are down 0.4% over the past year, and up 3.5% a year over five years.
What is the typical rent in 89434?
A typical home in 89434 rents for about $1,998 a month, a gross rental yield of 5.1%.
What is the property tax rate in 89434?
The effective property tax rate in 89434 is 0.4% — roughly $1,829 a year on a typical home.
Who lives in 89434?
ZIP code 89434 has a population of 27,990 and a median household income of $91,507.

#Comparable ZIPs

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

  • Reno, NV

    Typical home
    $472,601
    Gross yield
    4.6%
  • Reno, NV

    Typical home
    $481,833
    Gross yield
  • Dayton CDP, NV

    Typical home
    $455,584
    Gross yield
  • Reno, NV

    Typical home
    $455,535
    Gross yield
    5.6%
  • Reno, NV

    Typical home
    $438,647
    Gross yield
    4.0%
  • Sun Valley CDP, NV

    Typical home
    $436,347
    Gross yield

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