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Washoe County, NV

RANK #823 / 1001 NAT  ·  POP 497,200

1YR FORECAST: +0.1%

5YR OUTLOOK: +23%

#24 Best Climate & Terrain
Our model projects Washoe County's housing market at +0.1% over the next year, underperforming most U.S. counties.

[01] Why Washoe County?

Washoe County, Nevada, is often recognized for Reno, "The Biggest Little City in the World," which serves as its county seat. Located in western Nevada, bordering California and Oregon, the county offers a mix of urban and high desert rural settings. Commuting within the Reno-Sparks area is generally manageable, with public transportation options including fixed-route buses and on-demand microtransit services. The community benefits from its proximity to the Sierra Nevada mountains, providing access to outdoor recreation like hiking, camping, and water sports at places such as Washoe Lake and numerous regional parks and open spaces. The diverse landscape includes alpine forests and desert valleys.

Life in Washoe County attracts a variety of residents, including families and those seeking outdoor access. The Washoe County School District serves approximately 64,000 students across 96 schools in Reno, Sparks, and other communities. The economy is experiencing growth, with job increases outpacing the national rate in recent years. Key sectors driving this economic activity include warehousing, storage, and hospitality, alongside investments in technology and renewable energy. The region's quality of life and natural amenities are often cited as factors attracting new businesses and residents.

MARKET PROFILE

Western Premium Correction

Washoe County is one of 78 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of -0.2% runs above the profile's typical -0.8%.

See all 78 Western Premium Correction counties →

[02] Market Snapshot

Housing Ratio
15.1x

Overvalued relative to economy

Home Prices
-0.2%

Prices declining

Climate & Terrain
6.8

Favorable climate & terrain

Price/Rent
23x

Prices detached from rents

Housing looks overvalued at 15.1x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Washoe County School District Education
    5,000+
  2. 2
    University of Nevada, Reno Education
    2,500+
  3. 3
    Renown Health Healthcare
  4. 4
    Peppermill Inc. Hospitality
  5. 5
    Grand Sierra Resort & Casino Hospitality
  6. 6
    Nugget Casino Resort Hospitality
  7. 7
    St Mary's Regional Medical Center Healthcare
  8. 8
    Eldorado Resort Casino Hospitality
  9. 9
    IGT Technology
  10. 10
    Washoe County Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Washoe County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
497,200
+1.1% YoY
Median Household Income
$88,096
Median Home Value
$539,900
-0.25% 12mo
Median Rent
$1,608
Average Annual Pay
$73,194
+5.4% YoY
Employment
242,709
+0.9% YoY
Income-to-Home-Value
0.1632
Less affordable than average
Migration Inflow
1.34%
of pop. from another state
Bachelor's Degree+
34.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$599,975
Days on Market
39
Active market
Months of Supply
2.8
Seller's market
Sale-to-List Ratio
99.1%
Near asking price
Sold Above List
25.3%
Listings w/ Price Drops
22.1%
Building Permits (2025)
2,531
Single-Family Permits
1,656

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.2
per 100K · nat avg 6.3
Firearm Fatalities
17.4
per 100K · nat avg 14.8
Injury Deaths
101.4
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
50.7
Moderate
Good Air Days
50%
545 of 1,095 days
Unhealthy+ Days (3yr)
44
Includes 13 Very Unhealthy
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
51
2022
51
2023
50
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$2,378M
TOTAL
PROJECT AMOUNT STATUS
Tract Peru Ridge Data Center
Tract
$1,150M Planned
EdgeCore Reno Campus
EdgeCore Digital Infrastructure
$750M Under Construction
Dodge Flat II Solar Project with BESS
NextEra Energy Resources LLC
$268M Proposed
North Valleys Energy Storage
Cypress Creek Renewables
$100M Planned
Turquoise Solar
McCarthy Building Companies
$60M Completed
Amazon South Reno Delivery Station
Amazon
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

Population Growth +1.1% 69 percentile
Income Growth +2.9% 55 percentile
Vacancy Rate 1.5% 18 percentile
Home Price Change -0.2% 24 percentile
Rent Growth +7.9% 94 percentile
Price/Rent 23x 7 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

Is Washoe County, NV a good place to move to?

The data is not encouraging — Washoe County scores just 17/100 on the Boom Town Index, ranking #823 of 1001 counties. Job growth at +0.9% and median household income of $88,096 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Washoe County affordable?

Washoe County leans toward the expensive side. A median home value of $539,900 against an income-to-home-value ratio of 0.16 means housing eats a bigger share of local earnings than the national norm. Renters face $1,608/month on average.

Is Washoe County growing or shrinking?

Washoe County's population is growing — up +1.1% YoY — while the job market is roughly flat (employment change of +0.9%). Home values shifted -0.2% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are many people relocating to Washoe County?

Not particularly — 1.34% of Washoe County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Nye County, NV 23 Clark County, NV 9 Carson City, NV 3 Elko County, NV 67 Lyon County, NV 95 Union County, NJ 17 Thurston County, WA 17 Ada County, ID 16