Recently Sold Homes in Reno, Ward 1

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United StatesNevadaReno

Reno, NV Real Estate Insights

Being a hub for casinos and gambling, the biggest little city in the world, also known as Reno, Nevada, has a nightlife that is nothing short of vibrant. For individuals seeking a calmer atmosphere, Trulia rates Reno a 5 out of 6 in the categories of active lifestyles, restaurants, arts and cafes, proving the town is more than just cards and chips.
Reno, Nevada was deemed most affordable in a study conducted by GOBankingRates in July of 2015. The study took price of rent-per-square-foot, wardrobe costs, date expenses and monthly gym memberships into account to calculate the costs for singles to afford living in Reno. With a median income of $55,276, and a median age of 37, it's no surprise Reno made the top of the list in terms of budget living. Homeowners in Reno, who have a median age of 34, may have slightly higher expenses than renters, but can benefit from long-term returns when considering recent home value appreciations. Year-over-year, average list price increased 13.78 percent, increasing from $378,664 in 2014 to $430,828 in 2015. The market grew more competitive during the same time frame, as well, with inventory dropping 15.71 percent from 1,356 to 1,143 homes on the market.