HousingHandbookReference data

U.S. ZIP Code · NV89440

Storey County · Reno, NV

Typical home value

$409,374[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-5.1%
5-year / yr
0.0%
10-year / yr
+6.0%

Relative price

vs U.S.
+44.1%
vs metro
-15.0%
vs state
-1.8%
ZIP 89440 location in NV
Location of ZIP 89440 in NV

Price history

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

The typical home in 89440 is worth $409,374 — 15.0% below the Reno, NV median. Over the past year, values have fallen 5.1%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.4%[3]
Typical annual tax
$1,585[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
822[3]
Median household income
$159,438[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
3
Elementary
1
Middle
1
High
1
  • Virginia City High School

    High · Grades 9–12 · Storey

    129 students

  • Hugh Gallagher Elementary School

    Elementary · Grades PK–5 · Storey

    126 students

  • Virginia City Middle School

    Middle · Grades 6–8 · Storey

    102 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 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$2,070
Loan principal$327,499
Down payment$81,875
Total interest paid$417,707

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$2,544
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
4th percentile[1]
Rental yield
[2]
Property tax
27th percentile[3]

Frequently asked

How much is a home worth in ZIP code 89440?
The typical home in 89440 is worth $409,374, based on the Zillow Home Value Index.
Are home values rising in 89440?
Home values in 89440 are down 5.1% over the past year, and down 0.0% a year over five years.
What is the property tax rate in 89440?
The effective property tax rate in 89440 is 0.4% — roughly $1,585 a year on a typical home.
Who lives in 89440?
ZIP code 89440 has a population of 822 and a median household income of $159,438.

#Comparable ZIPs

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

  • Wadsworth CDP, NV

    Typical home
    $405,413
    Gross yield
  • Reno, NV

    Typical home
    $417,043
    Gross yield
    4.8%
  • Sparks, NV

    Typical home
    $399,200
    Gross yield
    4.8%
  • Sun Valley CDP, NV

    Typical home
    $436,347
    Gross yield
  • Reno, NV

    Typical home
    $438,647
    Gross yield
    4.0%
  • Reno, NV

    Typical home
    $455,535
    Gross yield
    5.6%

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