Median Home PriceTIE
$553,733.17
Median RentTIE
$1,929.14/mo
Price-to-Rent RatioTIE
23.9
Property Tax RateTIE
0.60%
Price Change (1Y)TIE
-0.1%
Price Change (5Y)TIE
-0.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceTIE
$361,696
Median Home PriceTIE
$553,733.17
Median RentTIE
$1,929.14/mo
Price-to-Rent RatioTIE
23.9
Property Tax RateTIE
0.60%
Price Change (1Y)TIE
-0.1%
Price Change (5Y)TIE
-0.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceTIE
$361,696
Key Differences
Home Prices
Reno's median home price of $553,733.17 is lower than Sparks's $553,733.17 by 0%.
Monthly Rent
Renting in Reno costs $1,929.14/mo compared to $1,929.14/mo in Sparks—a difference of $0/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.