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Rental Insights for ZIP Code 89502 (Reno, NV)

Housing Rentals in ZIP Code 89502 (Reno, NV)

89502 ZIP Code in Nevada

Everything to Know About Rentals in the U.S. ZIP Code 89502

ZIP Code 89502 is primarily associated with Reno, NV in Washoe County. The median housing rent in this region or Nevada is estimated at $890 per month. About 66.1% of total housing units in this Washoe County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 2.8%.

The median rent in ZIP Code 89502 of $890 per month is 20% lower than the aggregate Nevada median monthly rent of $1,107, and is 16% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 62.4% of residents in ZIP Code 89502 pay between $500 and $999 per month for rent. That is 72% higher than in Nevada overall, in which 36.2% of total state residents pay between $500 and $999 per month for housing. Just 0.1% of ZIP Code 89502 renters pay $3,000 or more for monthly rent.

ZIP Code 89502 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 89502

See the chart below for a comparison of monthly rental costs in ZIP Code 89502, Nevada, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 89502 along with those in the state of Nevada and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 89502

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 89502 Nevada U.S.
Less than $500 4.4% 3.8% 9.4%
$500 to $999 62.4% 36.2% 36.2%
$1,000 to $1,499 24.7% 40.1% 30.0%
$1,500 to $1,999 7.8% 15.2% 14.0%
$2,000 to $2,499 0.4% 3.4% 5.6%
$2,500 to $2,999 0.2% 0.8% 2.4%
$3,000 or more 0.1% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 89502

Renters in ZIP Code 89502 use an estimated 29.3% of their income to cover their monthly rent payments. That is about 2% lower than in Nevada overall. The estimate for Nevada overall is 29.91% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 89502 renters use about 2% less of their income to cover rent expense. Household income figures for ZIP Code 89502 come in lower than in Nevada as a whole. The median annual household income in ZIP Code 89502 of $45,332 sits approximately 25% lower than the overall Nevada median income of $60,365 and approximately 28% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 89502

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 89502, Nevada, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 89502 along with the same calculations in the state of Nevada and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 89502

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 89502 Nevada U.S.
Less than 15.0 percent 13.7% 11.9% 13.1%
15.0 to 19.9 percent 10.8% 13.6% 12.9%
20.0 to 24.9 percent 15.9% 13.3% 12.9%
25.0 to 29.9 percent 13.1% 11.6% 11.6%
30.0 to 34.9 percent 9.5% 9.2% 9.1%
35.0 percent or more 37.1% 40.4% 40.5%

Household Income in ZIP Code 89502

See the table below for the regional comparison of annual household income in ZIP Code 89502.

Income ZIP 89502 Nevada U.S.
Less than $10,000 6.6% 6.0% 6.0%
$10,000 to $14,999 4.9% 3.7% 4.3%
$15,000 to $24,999 12.9% 8.8% 8.9%
$25,000 to $34,999 12.0% 9.4% 8.9%
$35,000 to $49,999 18.9% 13.7% 12.3%
$50,000 to $74,999 19.1% 18.7% 17.2%
$75,000 to $99,999 10.9% 13.7% 12.7%
$100,000 to $149,999 9.4% 14.9% 15.1%
$150,000 to $199,999 2.8% 5.8% 6.8%
$200,000 or more 2.4% 5.4% 7.7%

Household Income in ZIP Code 89502

See the chart below for a comparison of annual household income figures in ZIP Code 89502, Nevada, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 89502 alongside the same figures for the state of Nevada and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 89502

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 89502.

ZIP 89502 Nevada U.S.
Median Housing Rent $890 $1,107 $1,062
Renter-Occupied Housing Units 66.1% 43.7% 36.0%
Rental Vacancy Rate 2.8% 7.9% 6.0%
Average Size of Renter-Occupied Unit 2.32 2.61 2.49
Average # of Bedrooms Per Unit 2.06 2.74 2.75
Percent of Income Spent on Rent 29.3% 29.91% 29.83%
Per Capita Income $25,598 $31,557 $34,103
Median Household Income $59,731 $81,496 $88,607
Living Below the Poverty Line 13.6% 9.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 89502

In ZIP Code 89502 (Reno, NV), and estimated 66.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.8%.

The per capita income in 89502 is estimated at $25,598, which goes along with an estimated median household income of $59,731. About 13.6% of residents in this Washoe County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.32 occupants, while the units have an aggregate average size of 2.06 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.3% of their income on housing rental costs.

Rental FAQs for ZIP Code 89502

1

What is the median monthly rent in ZIP Code 89502?

Median rent for housing in ZIP Code 89502 in Washoe County in Nevada is approximately $890 per month.
2

Is it expensive to rent in ZIP Code 89502?

Rent in ZIP Code 89502 is lower than average in the state of Nevada overall. The median monthly rent of $890 in ZIP Code 89502 is approximately 20% lower than the Nevada median of $1,107. Additionally, median rent in this Reno, NV region ($890) is about 16% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 89502?

High-priced rentals are less common in ZIP Code 89502 than in Nevada overall. The percentage of rentals in ZIP Code 89502 that cost $3,000 or more per month (0.1%) is about 83% lower than the Nevada rate of 0.6% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 96% higher than the aforementioned 89502 rate of 0.1%.
4

Are affordable rentals common in ZIP Code 89502?

Affordable rentals are more common in ZIP Code 89502 than in Nevada overall. The percentage of housing rentals in ZIP Code 89502 costing $999 or less per month (66.8%) is approximately 67% higher than the Nevada rate of 40% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 46% lower than the previously mentioned 89502 rate of 66.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 89502?

The most common range for rental cost in ZIP Code 89502 is between $500 and $999 per month. About 62.4% of renters in 89502 pay in this range for monthly rent. In comparison, approximately 36.2% of renters in the state of Nevada fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 89502 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 89502 is lower than the rental vacancy rate in the state of Nevada overall. Rental vacancy of 2.8% in ZIP Code 89502 is about 65% lower than the Nevada rate of 7.9%. Looking more broadly, rental vacancy in this Reno, NV region (2.8%) is an estimated 53% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 89502? How does it compare to other Nevada regions?

Median household income in ZIP Code 89502 is lower than in the state of Nevada overall. Annual household income of $45,332 in ZIP Code 89502 is about 25% lower than the Nevada median of $60,365. Additionally, median household income in this Reno, NV region ($45,332) is approximately 28% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 89502 spend on housing costs?

Renters in ZIP Code 89502 spend a lower amount of their income on rent costs than do renters in Nevada overall. Renters in ZIP Code 89502 spend an estimated 29.3% of their income on rent payments, which is about 2% lower than the overall Nevada estimated rate of 29.91%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 2% higher than the ZIP Code 89502 estimated rate of 29.3%.
9

Do renters in ZIP Code 89502 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 89502 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 89502 spending 30 percent or more of their income on rent costs (46.6%) is approximately 6% lower than the Nevada rate of 49.6% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 6% higher than the aforementioned 89502 rate of 46.6%.
10

What is the average household size of renter-occupied units in ZIP Code 89502?

The average household size of renter-occupied units in ZIP Code 89502 is lower than in the state of Nevada overall. Annual household size of 2.32 in ZIP Code 89502 is about 11% lower than the Nevada median of 2.61. Additionally, median household size in this Reno, NV region (2.32) is approximately 7% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Nevada ZIP Codes