SIALIMStatistical Intelligence for America's Local Investment Markets

89431Sparks, NV Home Values

Typical home value $407,574 as of July 2026 · 22nd of 23 in Reno, NV

Typical value — July 2026
$407,574
observed, not a forecast
Past 12 months
+0.9%
trailing year-over-year change
Past 5 years
+11.4%
July 2021 to July 2026
Rank in metro
22nd
of 23 ZIP codes, by value

Blue: typical home value (Zillow ZHVI) in ZIP code 89431, July 2021 to July 2026. This page shows observed data only; no forecast.

How 89431 compares in the Reno, NV area

ZIP code 89431 (Sparks, NV) has a typical home value of $407,574 as of July 2026, ranking 22nd of 23 ZIP codes tracked in the Reno, NV area, more expensive than about 9% of ZIP codes in the metro. Prices here have moved +0.9% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +11.4%, from $366,009 in July 2021 to $407,574 in July 2026. Against observed rent, the typical home here sells for 19.6× the annual rent ($1,734/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.

Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Reno, NV forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Reno.

Population and demographics

ZIP code 89431 has a population of 40,772, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 51.6% Hispanic or Latino, 36.8% White, 4.7% Asian, 3.6% two or more races, 1.7% Black or African American, 0.8% American Indian or Alaska Native, 0.6% Native Hawaiian or Pacific Islander, and 0.2% another race.

Nearby public schools

SchoolAddressDistance
LINCOLN PARK ELEMENTARY201 Lincoln Way, SPARKS, NV0.2 mi
GEORGE L. DILWORTH S.T.E.M ACADEMY255 PRATER WAY, SPARKS, NV0.3 mi
ROBERT MITCHELL ELEMENTARY1216 Prater Way, SPARKS, NV0.5 mi

Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.

Frequently asked questions

What is the typical home value in ZIP code 89431?

$407,574 as of July 2026, the latest month Zillow has published observed data for.

Is 89431 an expensive ZIP code in the Reno, NV area?

89431 ranks 22nd of 23 ZIP codes in the Reno, NV area by typical home value, more expensive than about 9% of ZIP codes in the metro.

How much have home values in 89431 changed over the past year?

+0.9% over the trailing 12 months, from observed Zillow data.

Is it cheaper to buy or rent in ZIP code 89431?

The typical home price is 19.6× the observed annual rent in this ZIP code ($1,734/mo). Lower multiples favor buying over renting, all else equal.

What is the population of ZIP code 89431?

40,772, per the US Census Bureau's American Community Survey 5-year estimate.

What are the closest public schools to ZIP code 89431?

LINCOLN PARK ELEMENTARY (0.2 mi), GEORGE L. DILWORTH S.T.E.M ACADEMY (0.3 mi), ROBERT MITCHELL ELEMENTARY (0.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.

Is this page showing a forecast for 89431?

No. Every number on this page is observed Zillow data as of July 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Reno, NV forecast for a modeled outlook.

ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.