Is Reno, NV a good place to invest in rental property?

Reno, NV has a median modeled monthly cash flow of $-2,054 and a median cap rate of 2.5%, on a median sold price of $570,000. Prices changed -0.9% year over year.

What is the average cap rate in Reno, NV?

The median cap rate across recently sold homes in Reno, NV is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Reno, NV?

The median sold price in Reno, NV is $570,000 (about $328 per square foot).

Investing in Reno, NV Real Estate

A data-driven snapshot of the Reno, NV rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$570,000Median sold price

$328Median $/sqft

2.5%Median cap rate

$-2,054Modeled cash flow / mo

-0.9%Appreciation YoY

6.7Months of supply

1,730Active listings

3,081Sold (last 12 mo)

What the Reno numbers say

In Reno, NV, the median home sold for $570,000 (about $328 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-2,054 of monthly cash flow. Sold prices moved -0.9% over the past year. Inventory sits at about 6.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Nevada markets to compare

See Reno cash-flowing listings

CashFlowRE ranks every for-sale home in Reno, NV by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Reno deals, or browse the national market data.