ZIP Code 89523 — Reno, NV Home Prices (2026)
The typical home in ZIP 89523 (Reno, Nevada) is worth about $645,000 at roughly $363 per square foot — 32% more expensive than the Reno median and 119% more expensive than the typical U.S. home.
How 89523 compares
ZIP 89523 is a mid-priced ZIP code for Reno: its typical home value of $645,000 ranks #5 of the 11 Reno ZIP codes we track (the citywide range runs from $361,000 in 89512 to $1,135,000 in 89511). Per square foot it costs about $363, against $355 for Reno as a whole, $259 for Nevada, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 89523 | $645,000 | $363 |
| Reno, NV | $489,000 | $355 |
| Nevada | $423,500 | $259 |
| United States | $294,000 | $195 |
Home value by size in 89523
Using this ZIP’s rate of about $363 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $363,000 |
| 1,500 sq ft | $544,500 |
| 2,000 sq ft | $726,000 |
| 2,500 sq ft | $907,500 |
| 3,000 sq ft | $1,089,000 |
Salary needed to buy a home in ZIP 89523
To buy the typical $645,000 home in ZIP 89523 with 20% down, you need a household income of roughly $175,000 a year (about $4,090 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $209,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $32,300 | $5,090/mo | $218,000/yr |
| 10% (+PMI) | $64,500 | $4,870/mo | $209,000/yr |
| 20% | $129,000 | $4,090/mo | $175,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 89523
At about $363 per square foot, here is roughly how much home different budgets get you in ZIP 89523:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $300k | 830 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1100 sq ft | below the local median — condos, smaller or older homes |
| $500k | 1380 sq ft | below the local median — condos, smaller or older homes |
| $600k | 1650 sq ft | around the typical home here |
| $750k | 2070 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 89523 home.
Estimate a specific home in 89523
The estimator below is pre-set to ZIP 89523 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Reno ZIP codes by home value
Where 89523 sits among Reno’s 11 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 89511 | $1,135,000 | $519 |
| 2 | 89519 | $902,000 | $389 |
| 3 | 89521 | $713,000 | $355 |
| 4 | 89509 | $691,000 | $360 |
| 5 | 89523 (this page) | $645,000 | $363 |
| 6 | 89508 | $489,000 | $312 |
| 7 | 89503 | $481,000 | $310 |
| 8 | 89506 | $461,000 | $292 |
| 9 | 89502 | $443,000 | $335 |
| 10 | 89501 | $421,000 | $388 |
| 11 | 89512 | $361,000 | $236 |
ZIP 89523 home prices: frequently asked
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See the full Reno home values page, all Nevada cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.