Cities with the most expensive homes in the Reno metro area

Written by:
October 22, 2024
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Cities with the most expensive homes in the Reno metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $360,385 in October, 2.4% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Reno metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 5 cities and towns with data available were included in the list.

1 / 5
Stacker

#5. Sun Valley, NV

- Typical home value: $416,591
- 1-year price change: +3.1%
- 5-year price change: +43.0%

2 / 5
Stacker

#4. Sparks, NV

- Typical home value: $508,780
- 1-year price change: +3.5%
- 5-year price change: +42.4%

3 / 5
Stacker

#3. Reno, NV

- Typical home value: $551,939
- 1-year price change: +3.8%
- 5-year price change: +43.4%

4 / 5
Stacker

#2. Verdi, NV

- Typical home value: $772,609
- 1-year price change: +3.3%
- 5-year price change: +49.1%

5 / 5
Stacker

#1. Incline Village, NV

- Typical home value: $1,434,699
- 1-year price change: +2.5%
- 5-year price change: +68.3%

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