How much is a home worth in ZIP code 89511?

The typical home in 89511 is worth $1,122,360, based on the Zillow Home Value Index.

Are home values rising in 89511?

Home values in 89511 are up 1.3% over the past year, and up 5.0% a year over five years.

What is the typical rent in 89511?

A typical home in 89511 rents for about $1,973 a month, a gross rental yield of 2.1%.

What is the property tax rate in 89511?

The effective property tax rate in 89511 is 0.5% — roughly $5,614 a year on a typical home.

ZIP code 89511 has a population of 30,956 and a median household income of $124,130.

HousingHandbookReference data

…

U.S. ZIP Code · NV89511

Washoe County · Reno, NV

Typical home value

$1,122,360^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.3%
5-year / yr: +5.0%
10-year / yr: +7.3%

Relative price

vs U.S.: +295.1%
vs metro: +132.9%
vs state: +169.1%

Price history

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

The typical home in 89511 is worth $1,122,360 — 132.9% above the Reno, NV median. Over the past year, values have risen 1.3%. Homes here rent for a typical $1,973 a month — a 2.1% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent: $1,973^[2]
Gross yield: 2.1%^[2]
Cap rate: 1.3%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $5,614^[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: 30,956^[3]
Median household income: $124,130^[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: 11
Elementary: 6
Middle: 1
High: 3

GALENA HIGH SCHOOL
High · Grades 9–12 · Washoe County
1,287 students
Doral Academy of Northern Nevada
Elementary · Grades K–8 · State Sponsored Charter Schools
996 students
MARCE HERZ MIDDLE SCHOOL
Middle · Grades 6–8 · Washoe County
857 students
TED HUNSBERGER ELEMENTARY
Elementary · Grades K–5 · Washoe County
607 students
Coral Academy Elementary-South
Elementary · Grades K–5 · Washoe County
468 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.

Home value$Monthly rent$

Gross yield2.1%

Net yield (after ~40% expenses)1.3%

Annual rent$23,675

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$5,675

Loan principal$897,888

Down payment$224,472

Total interest paid$1,145,206

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio3.59

Monthly cost to own$7,078

Monthly rent$1,973

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: 100th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 62nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 89511?: The typical home in 89511 is worth $1,122,360, based on the Zillow Home Value Index.
Are home values rising in 89511?: Home values in 89511 are up 1.3% over the past year, and up 5.0% a year over five years.
What is the typical rent in 89511?: A typical home in 89511 rents for about $1,973 a month, a gross rental yield of 2.1%.
What is the property tax rate in 89511?: The effective property tax rate in 89511 is 0.5% — roughly $5,614 a year on a typical home.
Who lives in 89511?: ZIP code 89511 has a population of 30,956 and a median household income of $124,130.

#Comparable ZIPs

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

89519 vs 89511 →
Reno, NV
Typical home
$890,298
Gross yield
2.7%
89439 vs 89511 →
Reno, NV
Typical home
$827,351
Gross yield
—
89451
Incline Village CDP, NV
Typical home
$1,441,297
Gross yield
3.0%
89510
Sutcliffe CDP, NV
Typical home
$781,694
Gross yield
—
89521
Reno, NV
Typical home
$705,778
Gross yield
3.9%
89704
Washoe Valley CDP, NV
Typical home
$704,936
Gross yield
—

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#Jump to section

U.S. ZIP Code · NV89511

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