January's First-Time Homebuyer Report for Reno

Reno is a larger than average city in Texas with 3,166 residents. Its population is growing slower than the rest of the state, at a 10-year growth rate of 17.1%. It should be noted that at 74.7%, most people own their homes in Reno.

Price Range

Some of the more expensive homes in Texas are in Reno with a median home value of $103,600 and an average list price for available homes currently at $202,321. The Reno market warmed up in this week's report, as the number of home sales rose 100.0%, pushing the total to two homes sold over the last 30 days.

Curious as to which homes have been getting the most attention in Reno? These listings have stirred up interest and produced the most views:

$125K   $136K   $169K  

Typical Dwelling

A three-bedroom detached home valued around $129,957 is considered a typical dwelling in Reno. If a buyer was looking for a similar home, they would need good credit and a $25,991 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,003 and the property tax rate is $12.16 per $1,000 of taxable assessed value.

Get started right now by checking out Reno homes for sale or reviewing Reno real estate trends.


Data reported through 1/12/2017

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