Reno Multifamily Data + Research
Q2 2023
Our goal is to provide cutting edge data
Address Income Housing Research utilizes several key data sources to compile monthly and quarterly multifamily sales and rental data to provide a unique and comprehensive overview of the Reno/Sparks market. This research provides the critical data to make informed and strategic decisions for multifamily owners and investors.
Source: Washoe County Assessor, Johnson Perkins Griffin Quarterly Apartment Survey, various online sources.
Reno Multifamily Rental Data
Apartment Rental Rates for Reno and N. Nevada
Reno Apartment Rent Trends
The survey was conducted by Johnson Perkins Griffin (jpgnv.com) on 80+ unit properties. Market Rate only.
Reno apartment vacancy trends
The survey was conducted by Johnson Perkins Griffin (jpgnv.com) on 80+ unit properties. Market Rate only.
Rent vacancy surveyed by Johnson Perkins Griffin report a sample size of vacant units at the time of the survey.
Multifamily Sales Q2
Sold $/Unit Trends
The Main Metric - $/Unit
Price per unit (or per door) is one of the most straightforward metrics for comparing multifamily properties. Measuring $/unit sales is one of the most effective market analysis methods.
Q2 2023 by the Numbers...
Data includes all Reno and Sparks property sales, three units, and more significant. It does not include non-market-rate properties like student housing, senior housing, or affordable housing.
This is the total sales volume for all multifamily sales
This is the total multifamily units sold in Q2 2023 across all multifamily
Duplex Sales Q2
Sold $/Unit Trends
Duplexes per Unit Averages
Duplexes are a particular class of multifamily due to their size, relative privacy, and higher tendency to have garages, yards, and in-unit laundry.
Q2 2023 Duplex Numbers
Reno/Sparks has an abundance of Duplexes that sell for a higher price per unit than other multifamily properties.
Multifamily Rents
Multifamily Rental Data
Asking Rents for Reno
Data was compiled from various online sources.
Total Inventory for Rent
Address Income has a dedicated flow of data that aggregates market rental rates and expense assumptions.
Total Properties for Rent This Week
All rental properties on the market (apartments, single-family homes, townhomes/condos) this week and change from last week.
Average Asking Rent This Week
Average for all rental properties on the market (apartments, single-family homes, townhomes/condos). Data was compiled from various online sources.
Average Asking Rent by Property Type
The average asking rent is broken out by property type (apartment/condo, single-family home, townhouse) weekly—data from various online sources.