Northern Nevada – that “Old West” part of The Silver State with cities like Reno and Sparks – sees some of the most exciting developments in the United States. Reno is home to the Truckee River, Lake Tahoe, craft beers, and so much more. Residents of Northern Nevada are diverse – they’re adventurists, outdoor enthusiasts, and retirees. If you’re looking to relocate to Reno or retire in the area, let The Caroline Mathes team help you find the perfect home. Welcome to Reno!
Northern Nevada’s Real Estate Market
Northern Nevada is more than just the biggest little city. With a population of 449,442, Reno, Nevada is not only a tourist town, but also a vacation destination. With the area’s highly rated restaurants and proximity to natural wonders like Lake Tahoe and the Sierra Nevada, it’s no doubt that the city’s residents are invested in outdoor adventures.
As a result of its natural beauty and emerging industries, Reno’s real estate market is growing fast. As of March 2020, property values in the grew by 2% in the last year alone, with projections showing the marketing growing hotter and hotter in this booming region of the U.S. Now is the time to invest in Reno property! The median home price in the Reno area is $351,500 while rent, on average, costs around $946 monthly. The average property in Reno costs $245 / sqft, and with great neighborhoods like Old Northwest and East Reno, you can rest assured those costs will only skyrocket.
Benefits of living in Reno, Nevada
What makes Reno so great? It’s diverse population, academic success, and unique mix of industries is unlike any other city. Reno is America’s Biggest Little City for a reason – no matter who you are, there’s a place for you in Northern Nevada.
Reno’s Education System
Thanks to two colleges and universities, there’s plenty of youth and industry infusing Reno. The University of Nevada-Reno, in particular, is ranked on the prestigious U.S. News & World Report’s Best Colleges rankings. In the local education sector, students can attend either a public or private school. There are 22 public elementary, middle, and high schools and 41 private schools. Four high schools are nationally recognized on the U.S. News & World Report’s Best High School rankings. There are three public school districts in Reno: Washoe County School District, State-Sponsored Charter Schools, and Davidson Academy School District.
Industries in Northern Nevada
Though Reno is a smaller city compared to some of its nearest metro areas, Reno is ranked as the 33rd best place to live and 64th best place to retire. With a booming local economy, residents can pursue opportunities in diverse economic ventures including high-tech, entrepreneurial startups, clean energy, and research and development. Though Reno may be known for its reputation as a gambling destination, Northern Nevada also houses regional branches for Apple, International Gaming Technology, Microsoft, and Tesla. Companies are quickly relocating to the area because there is no income tax, which acts as a tax break. Since 2018, there have been 29 new companies that have moved or expanded their services to the Reno area with 15 companies relocating their headquarters to the city.
In Reno, some of the largest employers include hotels and casinos within the hospitality, tourism, and gaming industries. As a resident, there’s no doubt that you’ll be working for a strong growing company that has relocated to the area. Northern Nevada’s unemployment rate, in fact, sits at just 3.7% — that’s 0.2% lower than the national average. Other employment sectors include education and healthcare. The Reno-Sparks area ranked number one in Milken Institute’s 2018 Best-Performing Cities List, which means employment in the region hit an all-time high with an increase of 5.2%. Within the last five years, the area added 48,000 new jobs across a variety of industries and sectors.
Call Reno Your New Home
Buying real estate in Reno provides you with no income tax (a personal and corporate benefit) and great home prices. The walkability score of Reno, Nevada, sits at 38 out of 100. Should you decide to settle in Northern Nevada and call Reno home, you can bet that your average commute to work will be just over 20 minutes.
When we help you buy a home, The Caroline Mathes Team looks for both the perfect neighborhood and a city with an incredible livability score. We put YOU and your family first, so we seek homes with incredible value. Through The Caroline Mathes Team, we work with you to find the best option in the biggest little city. The Caroline Mathes Team is here with experts who know their way around the area and understand the market. Come call Reno your new home!