How much house does $500,000 buy you in Reno?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Reno?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Reno right now. Listings below $500,000 were included if necessary.
3252 Holman Way, Sparks, NV 89431
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,084
- See 3252 Holman Way, Sparks, NV 89431 on Redfin.com
3505 Everett Dr, Reno, NV 89503
- Price: $499,900
- 4 bedrooms, 3 bathrooms
- Square feet: 1,934
- See 3505 Everett Dr, Reno, NV 89503 on Redfin.com
3570 W 7Th St, Reno, NV 89503
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 1,669
- See 3570 W 7Th St, Reno, NV 89503 on Redfin.com
7481 Capstone Dr, Reno, NV 89506
- Price: $499,919
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,678
- See 7481 Capstone Dr, Reno, NV 89506 on Redfin.com
3621 Pimlico St, Reno, NV 89512
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,565
- See 3621 Pimlico St, Reno, NV 89512 on Redfin.com
2865 Patrice Dr, Sparks, NV 89431
- Price: $499,999
- 4 bedrooms, 2 bathrooms
- Square feet: 1,728
- See 2865 Patrice Dr, Sparks, NV 89431 on Redfin.com
1365 E 11Th St, Reno, NV 89512
- Price: $499,999
- 4 bedrooms, 2 bathrooms
- Square feet: 1,440
- See 1365 E 11Th St, Reno, NV 89512 on Redfin.com
2718 Powder Dr, Reno, NV 89503
- Price: $499,000
- 3 bedrooms, 3 bathrooms
- Square feet: 1,652
- See 2718 Powder Dr, Reno, NV 89503 on Redfin.com
6652 Aston Cir, Sparks, NV 89436
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,258
- See 6652 Aston Cir, Sparks, NV 89436 on Redfin.com
2091 S Virginia St, Reno, NV 89502
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,858
- See 2091 S Virginia St, Reno, NV 89502 on Redfin.com
7368 S Florentine Dr, Sparks, NV 89436
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,810
- See 7368 S Florentine Dr, Sparks, NV 89436 on Redfin.com
2195 Santona Cir, Reno, NV 89523
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,680
- See 2195 Santona Cir, Reno, NV 89523 on Redfin.com
3445 Skyline Blvd, Reno, NV 89509
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,440
- See 3445 Skyline Blvd, Reno, NV 89509 on Redfin.com
570 E Patrician Dr, Reno, NV 89506
- Price: $499,990
- 3 bedrooms, 2 bathrooms
- Square feet: 1,931
- See 570 E Patrician Dr, Reno, NV 89506 on Redfin.com
17105 Garnet Dr, Reno, NV 89508
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,476
- See 17105 Garnet Dr, Reno, NV 89508 on Redfin.com
775 Sun Mesa Dr, Sun Valley, NV 89433
- Price: $496,379
- 3 bedrooms, 2 bathrooms
- Square feet: 1,465
- See 775 Sun Mesa Dr, Sun Valley, NV 89433 on Redfin.com
3996 Buckingham Sq, Reno, NV 89503
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,464
- See 3996 Buckingham Sq, Reno, NV 89503 on Redfin.com
11605 Lemmon Dr, Reno, NV 89506
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,451
- See 11605 Lemmon Dr, Reno, NV 89506 on Redfin.com
4147 Matter Dr, Sparks, NV 89436
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,431
- See 4147 Matter Dr, Sparks, NV 89436 on Redfin.com
7850 Morro Ave, Sparks, NV 89436
- Price: $499,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,406
- See 7850 Morro Ave, Sparks, NV 89436 on Redfin.com
7405 Robert Banks Blvd, Sparks, NV 89436
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,092
- See 7405 Robert Banks Blvd, Sparks, NV 89436 on Redfin.com
2012 Branch Ln, Reno, NV 89509
- Price: $498,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,812
- See 2012 Branch Ln, Reno, NV 89509 on Redfin.com
5721 Royal Vista Way, Reno, NV 89523
- Price: $495,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,244
- See 5721 Royal Vista Way, Reno, NV 89523 on Redfin.com
17000 Wedge Pkwy, Reno, NV 89511
- Price: $498,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,728
- See 17000 Wedge Pkwy, Reno, NV 89511 on Redfin.com
17000 Wedge Pkwy, Reno, NV 89511
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,711
- See 17000 Wedge Pkwy, Reno, NV 89511 on Redfin.com
9900 Wilbur May Pkwy, Reno, NV 89521
- Price: $495,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,651
- See 9900 Wilbur May Pkwy, Reno, NV 89521 on Redfin.com
2765 Aristedes Dr, Sparks, NV 89436
- Price: $499,950
- 2 bedrooms, 2 bathrooms
- Square feet: 1,537
- See 2765 Aristedes Dr, Sparks, NV 89436 on Redfin.com
100 N Arlington Ave, Reno, NV 89501
- Price: $499,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,144
- See 100 N Arlington Ave, Reno, NV 89501 on Redfin.com
3495 Comstock Dr, Reno, NV 89512
- Price: $500,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 1,058
- See 3495 Comstock Dr, Reno, NV 89512 on Redfin.com
390 Flicker Cir, Washoe Valley, NV 89704
- Price: $499,000
- 2 bedrooms, 1 bathroom
- Square feet: 930
- See 390 Flicker Cir, Washoe Valley, NV 89704 on Redfin.com
