Mortgage Payment Calculator for Reno, NV
Updated 2026 · Local data pre-filled
The median home price in Reno, NV is $465,000, with an effective property tax rate of 0.60% — below the national average of 1.10%. We've pre-filled the calculator with local figures so your estimate reflects what buyers actually pay in Reno.
✓ Calculator below is pre-filled with Reno local data
How Reno Compares to the National Average
Understanding how Reno stacks up helps you calibrate your financial planning.
| Metric | Reno, NV | US Average | Difference |
|---|---|---|---|
| Median Home Price | $465,000 | $420,800 | +10.5% |
| Median Monthly Rent | $1,294 | $1,713 | -24.5% |
| Median Household Income | $67,400 | $74,580 | -9.6% |
| Property Tax Rate | 0.60% | 1.10% | -45.5% |
| Cost of Living Index | 112 | 100 | +12.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Reno Financial Snapshot
- Population (Metro)
- 490,000
- Unemployment
- 4.6%
- Avg Commute
- 22 min
- Median Age
- 36.9
- Price-to-Rent Ratio
- 29.9x
- Annual Property Tax
- $2,790
Mortgage Payment Calculator in Other Nevada Cities
Frequently Asked Questions — Reno
What is the median home price in Reno, NV?
The median home price in Reno is $465,000 as of 2025–2026. This is above the national median of $420,800.
What is the average rent in Reno?
Median monthly rent in Reno is $1,294. That works out to $15,528/year, or 23% of the median household income — within the commonly recommended 30% of income guideline.
Is Reno affordable?
Reno's cost of living index is 112 vs. the national average of 100. With a median household income of $67,400/year and a median home price of $465,000, the price-to-income ratio is 6.9x. This makes homeownership a significant stretch for the typical Reno household.
What is the property tax rate in Reno?
The effective property tax rate in Reno is 0.60% of assessed value. On the median home of $465,000, that's roughly $2,790/year ($233/month).