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Reno, NV Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,895
Monthly Cash Flow
-$1,243
Principal + Equity
$3,861
Annual Total Gain
$31,410
Cash on Cash
-10.69%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$190
Occupancy Rate
63.33%
Monthly Revenue
$2,573
Monthly Cash Flow
-$951
Principal + Equity
$3,861
Annual Total Gain
$34,920
Cash on Cash %
-8.18%
Net ROI %
Market Health & Growth
Median Income
$78,448
Population
268,959
LTR Renter %
50.62%
Forecast (1 yr)
0.65%
Appreciation (1 yr)
1.16%
Appreciation (5 yr)
38.22%
Appreciation (10 yr)
103.8%
Job Growth
0.51%
LTR Rentability
High
STR Demand
66
STR Rentals
1,250
Top Public Schools
AThe Davidson Academy
A-TMCC High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Healthiest Cities in America
#80out of 229 markets
Healthiest Places to Live in America
#80out of 230 markets
Best Cities for Outdoor Activities in America
#19out of 229 markets
B-
Public School
D
Crime And Safety
D
Housing
B
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Reno, NV.
In Reno, NV, Short Term Rental (STR) regulations are governed by the City of Reno's Development Services Department. Here are some key regulations and considerations that an investor should be aware of before purchasing a property for Short Term Rental in Reno:
1. Permitting: Short Term Rentals in Reno require a Special Use Permit (SUP) from the City of Reno. This permit must be obtained before operating a Short Term Rental property. The application process includes a public hearing and approval from the Reno City Council.
2. Zoning: Short Term Rentals are only allowed in certain zoning districts in Reno. Investors should check the zoning regulations for the specific property they are interested in to ensure that Short Term Rentals are permitted.
3. Occupancy limits: The City of Reno has occupancy limits for Short Term Rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure compliance with them.
4. Noise and nuisance regulations: Short Term Rental properties in Reno must comply with noise and nuisance regulations to ensure that they do not disturb neighbors or cause disruptions in the community.
5. Taxes and fees: Short Term Rental operators in Reno are required to collect and remit transient lodging taxes to the city. Investors should be aware of these tax obligations and factor them into their financial projections.
6. Homeowner's Association (HOA) rules: If the property is located in a neighborhood with an HOA, investors should review the HOA rules and regulations regarding Short Term Rentals. Some HOAs may have restrictions or prohibitions on Short Term Rentals.
7. Insurance: Investors should ensure that they have the appropriate insurance coverage for a Short Term Rental property, including liability insurance and coverage for damage caused by guests.
Overall, investors should thoroughly research and understand the Short Term Rental regulations in Reno before purchasing a property for this purpose. Compliance with these regulations is essential to avoid potential fines, penalties, or legal issues.
Market Trends Over Time
Explore 25 years of market data for Reno, NV, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Reno, NV.
The LTR Genie Score of Reno, NV is 63 and the STR Genie Score is 61, indicating a high level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0661% and the 1-Year Price Appreciation Forecast of 0.65% suggest steady growth potential for long-term rental investments. On the other hand, the STR Net ROI of 25.03% and high STR Occupancy rate of 63.33% make short-term rental properties a lucrative option as well.
When comparing the LTR and STR Genie Scores, it is evident that both rental strategies offer attractive opportunities in Reno, NV. However, investors should consider their risk tolerance, investment goals, and management capabilities when deciding between long-term and short-term rentals.
Reno, NV is a growing city known for its booming tech industry, outdoor recreational activities, and proximity to Lake Tahoe. With a strong rental market and positive economic indicators, Reno presents a promising opportunity for real estate investors looking to capitalize on the city's growth and demand for housing.
In conclusion, Reno, NV appears to be an attractive market for both long-term and short-term rental investments. Investors should conduct further research and due diligence to determine which rental strategy aligns best with their investment objectives and risk tolerance.
LTR Genie Score 93
$129,995
🛏 3 Beds🛁 2.0000 Baths🏙 1,248 sqft.🏠 SINGLE FAMILY
