89506, Reno, NV Housing Market

ZIP code 89506's median home value is $458K, up 1.6% over the past year. Homes here sell in a median 36 days. Its PropertyIQ Score of 39 sits below the state average of 50, marking a market positioned to lag its state over the next three years.

89506, Reno, NV is one of nearly 20,000 U.S. ZIP codes that PropertyIQ analyzes with AI-powered demand signal scoring. ZIP-level analysis provides the most hyperlocal view of housing market dynamics available, measuring how demand within 89506 compares to the NV state average and identifying outperformance potential before it appears in price data.

Mountain West ZIP codes experienced explosive growth through 2022, with dramatic variation in post-boom performance. PropertyIQ's ZIP-level scores separate neighborhoods with sustained demand from those experiencing corrections, providing the hyperlocal precision investors need in volatile markets. Within the Mountain West, ZIP code 89506's PropertyIQ Score of 39 runs below the Mountain West norm.

The PropertyIQ Score for 89506, Reno, NV is built from four inputs measured at the ZIP-code level: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a score above 50 points to a micro-market positioned to outperform its state.

Explore 89506, Reno, NV's full market profile including ZIP-level score trends, home value data, and comparisons with neighboring ZIP codes. Use the interactive map to visualize demand signals across the area and identify hyperlocal investment opportunities.