Reno Metro’s Priciest Neighborhoods

If you’re looking to buy a home in the Reno metro area, some cities come with a much higher price tag than others. A recent report analyzed home values and ranked the most expensive communities. Here’s the breakdown:

Incline Village – The priciest area, with average homes around $1.45 million. Prices have risen about 54% over the past five years, though they dipped slightly in the last year. It’s a popular spot because of its lake views and luxury amenities.
Verdi – Average homes are about $805,000, up 44% in five years. This small, quiet community offers a more rural feel while still being close to Reno.
Reno (the city itself) – The city’s average home costs around $557,000, up 36% over five years. Reno offers a mix of urban living, entertainment, and outdoor activities.
Sparks – Average homes here are $518,000, up 34% in five years. Sparks has family-friendly neighborhoods and is known for events like the annual Hot August Nights car festival.
Sun Valley – With an average home price of $429,000, Sun Valley has also seen a 34% increase over five years. It’s a more affordable option compared to Reno or Incline Village, while still being close to everything the metro area offers.

Rising mortgage rates and ongoing home-price growth are making it more challenging for buyers to find affordable options. If you’re thinking about moving to the Reno area, it’s worth considering these trends before deciding where to buy.