HousingHandbookReference data

U.S. ZIP Code · NV89509

Washoe County · Reno, NV

Typical home value

$683,143[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
0.0%
5-year / yr
+3.5%
10-year / yr
+6.4%

Relative price

vs U.S.
+140.5%
vs metro
+41.8%
vs state
+63.8%
ZIP 89509 location in NV
Location of ZIP 89509 in NV

Price history

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

The typical home in 89509 is worth $683,143 — 41.8% above the Reno, NV median. Over the past year, values have fallen 0.0%. Homes here rent for a typical $1,707 a month — a 3.0% 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
$1,707[2]
Gross yield
3.0%[2]
Cap rate
1.8%[2]

#Property tax

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

Effective tax rate
0.4%[3]
Typical annual tax
$2,649[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
35,632[3]
Median household income
$86,126[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
8
Elementary
4
Middle
1
High
2
  • RENO HIGH SCHOOL

    High · Grades 9–12 · Washoe County

    1,770 students

  • DARREL SWOPE MIDDLE SCHOOL

    Middle · Grades 6–8 · Washoe County

    998 students

  • JESSIE BECK ELEMENTARY

    Elementary · Grades PK–5 · Washoe County

    466 students

  • MOUNT ROSE K-8 ACADEMY OF LANGUAGES

    Elementary · Grades K–8 · Washoe County

    413 students

  • ANDERSON ELEMENTARY

    Elementary · Grades K–5 · Washoe County

    309 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 yield3.0%
Net yield (after ~40% expenses)1.8%
Annual rent$20,480

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$3,454
Loan principal$546,514
Down payment$136,629
Total interest paid$697,049

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 ratio2.49
Monthly cost to own$4,246
Monthly rent$1,707

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
37th percentile[1]
Rental yield
15th percentile[2]
Property tax
31st percentile[3]

Frequently asked

How much is a home worth in ZIP code 89509?
The typical home in 89509 is worth $683,143, based on the Zillow Home Value Index.
Are home values rising in 89509?
Home values in 89509 are down 0.0% over the past year, and up 3.5% a year over five years.
What is the typical rent in 89509?
A typical home in 89509 rents for about $1,707 a month, a gross rental yield of 3.0%.
What is the property tax rate in 89509?
The effective property tax rate in 89509 is 0.4% — roughly $2,649 a year on a typical home.
Who lives in 89509?
ZIP code 89509 has a population of 35,632 and a median household income of $86,126.

#Comparable ZIPs

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

  • Spanish Springs CDP, NV

    Typical home
    $699,164
    Gross yield
  • Washoe Valley CDP, NV

    Typical home
    $704,936
    Gross yield
  • Reno, NV

    Typical home
    $705,778
    Gross yield
    3.9%
  • Reno, NV

    Typical home
    $638,199
    Gross yield
    4.1%
  • Smith Valley CDP, NV

    Typical home
    $604,079
    Gross yield
  • Sutcliffe CDP, NV

    Typical home
    $781,694
    Gross yield

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