Median Home PriceBETTER
$426,818.08
Median RentBETTER
$1,738.82/mo
Price-to-Rent RatioBETTER
20.5
Property Tax RateTIE
0.60%
Price Change (1Y)
-1.6%
Price Change (5Y)
-7.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$238,026
Median Home Price
$553,733.17
Median Rent
$1,929.14/mo
Price-to-Rent Ratio
23.9
Property Tax RateTIE
0.60%
Price Change (1Y)BETTER
-0.1%
Price Change (5Y)BETTER
-0.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$361,696
Key Differences
Home Prices
Las Vegas's median home price of $426,818.08 is lower than Reno's $553,733.17 by 23%.
Monthly Rent
Renting in Las Vegas costs $1,738.82/mo compared to $1,929.14/mo in Reno—a difference of $190.32/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.