Reno Single Family Rental Data & Research
2023
Our goal is to provide cutting edge data
Address Income Housing Research utilizes several key data sources to compile monthly and quarterly single family sales and rental data to provide a unique and comprehensive overview of the Reno/Sparks market. This research provides the critical data necessary to make informed and strategic decisions for single family owners and investors alike.
Source: Various online rental sources.
Asking Rent by Bedroom
Single Family rents can vary greatly by rental type. We track rental income by bedroom and other home amenities and characteristics.
Fernley, NV Cap Rates vs Purchase Price
Based on our analysis of all 89 active single family home listings (10/24/2023) in the Fernley submarket, we have found that cap rates are settling around 4.5% to 5%. This is due to a combination of factors, including:
Stable rental market (TESLA): The Fernley rental market is very stable, with low vacancy rates and strong demand from renters, largley from Tesla factory workers. This makes rental properties in the area a good investment.
Rising interest rates: Interest rates are rising, which is making it more expensive to borrow money to buy investment properties.
If you are an investor considering purchasing a single family investment in the Fernley market, it is important to keep in mind that cap rates are settling around 4.5% to 5%. This means that you should expect to earn a return of 4.5% to 5% on your investment, after accounting for expenses.
South Reno, NV Cap Rates vs Purchase Price
Based on our analysis of all 74 active single family home listings (10/18/2023) in the South Reno submarket, we have found that cap rates are settling around 4% to 4.5%. This is due to a combination of factors, including:
Stable rental market: The South Reno rental market is very stable, with low vacancy rates and strong demand from renters. This makes rental properties in the area a good investment.
Limited supply: There is a limited supply of single family homes available for rent in the South Reno submarket. This is driving up rental prices and cap rates.
Rising interest rates: Interest rates are rising, which is making it more expensive to borrow money to buy investment properties. This is also contributing to lower cap rates.
If you are an investor considering purchasing a single family home in the South Reno submarket, it is important to keep in mind that cap rates are settling around 4% to 4.5%. This means that you should expect to earn a return of 4% to 4.5% on your investment, after accounting for expenses.
