89506 — Reno, NV Home Values
Typical home value $460,450 as of June 2026 · 16th of 23 in Reno, NV
Blue: typical home value (Zillow ZHVI) in ZIP code 89506, June 2021 to June 2026. This page shows observed data only; no forecast.
How 89506 compares in the Reno, NV area
ZIP code 89506 (Reno, NV) has a typical home value of $460,450 as of June 2026, ranking 16th of 23 ZIP codes tracked in the Reno, NV area, more expensive than about 35% of ZIP codes in the metro. Prices here have moved -0.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +14.4%, from $402,640 in June 2021 to $460,450 in June 2026. Against observed rent, the typical home here sells for 18.5× the annual rent ($2,076/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 89506 has a population of 45,349, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 54.7% White, 28.4% Hispanic or Latino, 7.4% two or more races, 4.1% Asian, 3.6% Black or African American, 0.8% another race, 0.6% American Indian or Alaska Native, and 0.4% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| LEMMON VALLEY ELEMENTARY | 255 W Patrician Drive, RENO, NV | 3.7 mi |
| DESERT HEIGHTS ELEMENTARY | 13948 MOUNT BISMARK STREET, RENO, NV | 4.3 mi |
| Sierra Nevada Academy Charter | 5600 Fox Ave, RENO, NV | 4.5 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 89506?
$460,450 as of June 2026, the latest month Zillow has published observed data for.
Is 89506 an expensive ZIP code in the Reno, NV area?
89506 ranks 16th of 23 ZIP codes in the Reno, NV area by typical home value, more expensive than about 35% of ZIP codes in the metro.
How much have home values in 89506 changed over the past year?
-0.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 89506?
The typical home price is 18.5× the observed annual rent in this ZIP code ($2,076/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 89506?
45,349, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 89506?
LEMMON VALLEY ELEMENTARY (3.7 mi), DESERT HEIGHTS ELEMENTARY (4.3 mi), Sierra Nevada Academy Charter (4.5 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 89506?
No. Every number on this page is observed Zillow data as of June 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.