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Above, you will see a summary of real estate in Reno, NV. On average, homes in Reno, NV cost $200,800, a value that is 20% higher than the average in Nevada. In general terms, this results in Reno, NV real estate being less affordable than Nevada real estate.
The Reno, NVâs median home price stands at $200,800 while $46,489 is the value of the average household income. The resulting home price to income ratio, which is 4.3x, differs from the Nevada average as the ratio is 35% higher than the stateâs average.