89523, Reno, NV Housing Market

ZIP code 89523's median home value is $643K, up 3.8% 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.

89523, 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 89523 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 89523's PropertyIQ Score of 39 runs below the Mountain West norm.

PropertyIQ distills four housing signals into a single 1 to 99 score for 89523, Reno, NV at the most granular geography available: Zillow twelve-month and three-month home-value momentum, Realtor.com median days on market, and the Realtor.com price-reduced share. It is not a generic market-health grade; it is a validated predictor of which ZIP codes are positioned to outperform their state. The ZIP-level view often tells a different story than the broader county or metro score.

Explore 89523, 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.