Washoe County, Nevada Housing Market Prices
Washoe County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 27% above the Nevada median Among the 3 most expensive counties in Nevada$454,484
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Median rent 1% above the Nevada median Among the 3 most expensive counties in Nevada$1,607
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Washoe County | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $454,484 | $357,758 | $248,835 |
| Price Trend (Annual %) | 11.7% | 9.4% | 7.5% |
| Median Gross Rent | $1,607 | $1,597 | $1,407 |
| Rent Trend (Annual %) | 7.3% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Washoe County is about 27% higher than in Nevada. Rent is about 1% higher than the Nevada average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Washoe County, up about 11.7% and 7.3% a year respectively. Home prices are changing faster.
Median rent in Washoe County rose about 79.2% between 2015 and 2024, from $897 to $1,607. Over the same span, rent in Nevada rose about 64.3%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Washoe County.
Buying the median-priced home in Washoe County costs roughly 23.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Washoe County. The price-to-rent ratio in Nevada is about 18.7.
| Metric | Washoe County | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $454,484 | $357,758 | $248,835 |
| Median Household Income | $88,504 | $78,637 | $80,455 |
| Price-to-Income Ratio | 5.1 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Washoe County rose about 164.7%, while median household income rose about 49.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Washoe County | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.7% | 54.4% | 58.5% |
| Rental Rate | 36.7% | 36.3% | 31.2% |
| Vacancy Rate | 8.6% | 9.3% | 10.2% |
| Median Tenure (years) | 12.0 | 12.0 | 15.0 |
| Median Year Moved In | 2014 | 2014 | 2011 |
Washoe County has a homeownership rate of 54.7%, about the same as the Nevada average of 54.4%. Its housing vacancy rate is 8.6%, compared with 9.3% in Nevada.
Housing Stock
| Metric | Washoe County | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1989 | 1993 | 1978 |
| Median Number of Rooms | 5.3 | 5.3 | 5.5 |
The typical housing unit in Washoe County was built around 1989. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Washoe County, NV Housing Compared With Nearby Counties
How Washoe County, NV compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Washoe County, NV | 497,175 | $454,484 #1/3 | $1,607 #1/3 | 59.9% #3/3 |
| Lassen County, CA | 30,356 | $225,766 | $1,000 | 68.2% |
| Plumas County, CA | 19,423 | $388,461 | $1,193 | 74.6% |
Frequently Asked Questions
Common questions about the housing market in Washoe County, Nevada.
What is the median home price in Washoe County, Nevada?
The median home price in Washoe County, Nevada is $454,484, higher than the Nevada average of $357,758.
What is the average home price in Washoe County, Nevada?
The typical home price in Washoe County, Nevada, reported as the median sale price, is $454,484. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Washoe County, Nevada?
The median gross rent in Washoe County, Nevada is $1,607 per month, higher than the Nevada average of $1,597.
What was the median gross rent in Washoe County in 2020?
In 2020, the median gross rent in Washoe County, Nevada was $1,149 per month.
What is the price-to-rent ratio in Washoe County, Nevada?
The price-to-rent ratio in Washoe County, Nevada is about 23.6, meaning it would take roughly 23.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Washoe County.
Are home prices or rent rising faster in Washoe County, Nevada?
Both home prices and rent are rising in Washoe County, up about 11.7% and 7.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Washoe County, Nevada?
54.7% of households in Washoe County, Nevada own their home, higher than the Nevada average of 54.4%.
What is the vacancy rate in Washoe County, Nevada?
The housing vacancy rate in Washoe County, Nevada is 8.6%, lower than the Nevada average of 9.3%.
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