Cities with the fastest growing home prices in Reno metro area

Written by:
January 19, 2023
Volodymyr Kyrylyuk // Shutterstock

Cities with the fastest growing home prices in Reno metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Reno, NV metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 5 cities and towns with data available were included in the list.

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1 / 5
Stacker

#5. Sun Valley, NV

- 1-year price change: $-3,824 (-0.9%)
- 5-year price change: +$152,340 (+59.6%)
- Typical home value: $408,080 (#5 most expensive city in metro)
2 / 5
Stacker

#4. Verdi, NV

- 1-year price change: $-2,168 (-0.3%)
- 5-year price change: +$307,801 (+64.5%)
- Typical home value: $785,315 (#2 most expensive city in metro)
3 / 5
Stacker

#3. Sparks, NV

- 1-year price change: $-307 (-0.1%)
- 5-year price change: +$181,599 (+57.7%)
- Typical home value: $496,165 (#4 most expensive city in metro)
4 / 5
Stacker

#2. Reno, NV

- 1-year price change: +$305 (+0.1%)
- 5-year price change: +$200,071 (+58.6%)
- Typical home value: $541,423 (#3 most expensive city in metro)
5 / 5
Stacker

#1. Incline Village, NV

- 1-year price change: +$52,839 (+3.4%)
- 5-year price change: +$729,715 (+83.9%)
- Typical home value: $1,599,138 (#1 most expensive city in metro)

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