HousingHandbookReference data

U.S. ZIP Code · NV89508

Washoe County · Reno, NV

Typical home value

$481,833[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.5%
5-year / yr
+3.8%
10-year / yr
+6.8%

Relative price

vs U.S.
+69.6%
vs metro
≈ metro median
vs state
+15.5%
ZIP 89508 location in NV
Location of ZIP 89508 in NV

Price history

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

The typical home in 89508 is worth $481,833. Over the past year, values have risen 0.5%. 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
$1,740[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
14,858[3]
Median household income
$97,361[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

Schools

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

Public schools
3
Elementary
2
Middle
1
High
0
  • COLD SPRINGS MIDDLE SCHOOL

    Middle · Grades 6–8 · Washoe County

    651 students

  • MICHAEL INSKEEP ELEMENTARY SCHOOL

    Elementary · Grades PK–5 · Washoe County

    497 students

  • NANCY GOMES ELEMENTARY

    Elementary · Grades PK–5 · Washoe County

    263 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$2,436
Loan principal$385,466
Down payment$96,367
Total interest paid$491,641

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$2,982
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
67th percentile[1]
Rental yield
[2]
Property tax
8th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 89508?
The typical home in 89508 is worth $481,833, based on the Zillow Home Value Index.
Are home values rising in 89508?
Home values in 89508 are up 0.5% over the past year, and up 3.8% a year over five years.
What is the property tax rate in 89508?
The effective property tax rate in 89508 is 0.4% — roughly $1,740 a year on a typical home.
Who lives in 89508?
ZIP code 89508 has a population of 14,858 and a median household income of $97,361.

#Comparable ZIPs

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

  • Sparks, NV

    Typical home
    $473,647
    Gross yield
    5.1%
  • Reno, NV

    Typical home
    $472,601
    Gross yield
    4.6%
  • 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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