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Rental Insights for ZIP Code 89508 (Reno, NV)

Housing Rentals in ZIP Code 89508 (Reno, NV)

89508 ZIP Code in Nevada

Everything to Know About Rentals in the U.S. ZIP Code 89508

ZIP Code 89508 is primarily associated with Reno, NV in Washoe County. The median housing rent in this region or Nevada is estimated at $1,431 per month. About 12.5% 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 89508 of $1,431 per month is 29% higher than the aggregate Nevada median monthly rent of $1,107, and is 35% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 37.4% of residents in ZIP Code 89508 pay between $1,000 and $1,499 per month for rent. That is 7% lower than in Nevada overall, in which 40.1% of total state residents pay between $1,000 and $1,499 per month for housing. Just 2.0% of ZIP Code 89508 renters pay less than $500 for monthly rent.

ZIP Code 89508 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 89508

See the chart below for a comparison of monthly rental costs in ZIP Code 89508, Nevada, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 89508 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 89508

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

Cost ZIP 89508 Nevada U.S.
Less than $500 2.0% 3.8% 9.4%
$500 to $999 16.7% 36.2% 36.2%
$1,000 to $1,499 37.4% 40.1% 30.0%
$1,500 to $1,999 37.2% 15.2% 14.0%
$2,000 to $2,499 6.8% 3.4% 5.6%
$2,500 to $2,999 0.0% 0.8% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 89508

Renters in ZIP Code 89508 use an estimated 26.37% of their income to cover their monthly rent payments. That is about 12% 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 89508 renters use about 12% less of their income to cover rent expense. Household income figures for ZIP Code 89508 come in higher than in Nevada as a whole. The median annual household income in ZIP Code 89508 of $75,297 sits approximately 25% higher than the overall Nevada median income of $60,365 and approximately 20% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 89508

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 89508, 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 89508 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 89508

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

Rent Cost as % of Income ZIP 89508 Nevada U.S.
Less than 15.0 percent 7.8% 11.9% 13.1%
15.0 to 19.9 percent 26.2% 13.6% 12.9%
20.0 to 24.9 percent 17.4% 13.3% 12.9%
25.0 to 29.9 percent 22.1% 11.6% 11.6%
30.0 to 34.9 percent 2.5% 9.2% 9.1%
35.0 percent or more 24.0% 40.4% 40.5%

Household Income in ZIP Code 89508

See the table below for the regional comparison of annual household income in ZIP Code 89508.

Income ZIP 89508 Nevada U.S.
Less than $10,000 3.5% 6.0% 6.0%
$10,000 to $14,999 1.7% 3.7% 4.3%
$15,000 to $24,999 5.4% 8.8% 8.9%
$25,000 to $34,999 4.4% 9.4% 8.9%
$35,000 to $49,999 9.9% 13.7% 12.3%
$50,000 to $74,999 24.6% 18.7% 17.2%
$75,000 to $99,999 19.8% 13.7% 12.7%
$100,000 to $149,999 21.4% 14.9% 15.1%
$150,000 to $199,999 5.5% 5.8% 6.8%
$200,000 or more 3.6% 5.4% 7.7%

Household Income in ZIP Code 89508

See the chart below for a comparison of annual household income figures in ZIP Code 89508, Nevada, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 89508 alongside the same figures for the state of Nevada and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 89508

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 89508.

ZIP 89508 Nevada U.S.
Median Housing Rent $1,431 $1,107 $1,062
Renter-Occupied Housing Units 12.5% 43.7% 36.0%
Rental Vacancy Rate 2.8% 7.9% 6.0%
Average Size of Renter-Occupied Unit 2.76 2.61 2.49
Average # of Bedrooms Per Unit 3.33 2.74 2.75
Percent of Income Spent on Rent 26.37% 29.91% 29.83%
Per Capita Income $30,857 $31,557 $34,103
Median Household Income $85,273 $81,496 $88,607
Living Below the Poverty Line 4.4% 9.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 89508

In ZIP Code 89508 (Reno, NV), and estimated 12.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.8%.

The per capita income in 89508 is estimated at $30,857, which goes along with an estimated median household income of $85,273. About 4.4% of residents in this Washoe County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.76 occupants, while the units have an aggregate average size of 3.33 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.37% of their income on housing rental costs.

Rental FAQs for ZIP Code 89508

1

What is the median monthly rent in ZIP Code 89508?

Median rent for housing in ZIP Code 89508 in Washoe County in Nevada is approximately $1,431 per month.
2

Is it expensive to rent in ZIP Code 89508?

Rent in ZIP Code 89508 is higher than average in the state of Nevada overall. The median monthly rent of $1,431 in ZIP Code 89508 is approximately 29% higher than the Nevada median of $1,107. Additionally, median rent in this Reno, NV region ($1,431) is about 35% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 89508?

High-priced rentals are not common in the Reno, NV ZIP Code of 89508, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Nevada overall, approximately 0.6% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 89508?

Affordable rentals are less common in ZIP Code 89508 than in Nevada overall. The percentage of housing rentals in ZIP Code 89508 costing $999 or less per month (18.7%) is approximately 53% lower 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 59% higher than the previously mentioned 89508 rate of 18.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 89508?

The most common range for rental cost in ZIP Code 89508 is between $1,000 and $1,499 per month. About 37.4% of renters in 89508 pay in this range for monthly rent. In comparison, approximately 40.1% of renters in the state of Nevada fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 89508 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 89508 is lower than the rental vacancy rate in the state of Nevada overall. Rental vacancy of 2.8% in ZIP Code 89508 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 89508? How does it compare to other Nevada regions?

Median household income in ZIP Code 89508 is higher than in the state of Nevada overall. Annual household income of $75,297 in ZIP Code 89508 is about 25% higher than the Nevada median of $60,365. Additionally, median household income in this Reno, NV region ($75,297) is approximately 20% higher 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 89508 spend on housing costs?

Renters in ZIP Code 89508 spend a lower amount of their income on rent costs than do renters in Nevada overall. Renters in ZIP Code 89508 spend an estimated 26.37% of their income on rent payments, which is about 12% 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 12% higher than the ZIP Code 89508 estimated rate of 26.37%.
9

Do renters in ZIP Code 89508 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 89508 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 89508 spending 30 percent or more of their income on rent costs (26.5%) is approximately 47% 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 47% higher than the aforementioned 89508 rate of 26.5%.
10

What is the average household size of renter-occupied units in ZIP Code 89508?

The average household size of renter-occupied units in ZIP Code 89508 is higher than in the state of Nevada overall. Annual household size of 2.76 in ZIP Code 89508 is about 6% higher than the Nevada median of 2.61. Additionally, median household size in this Reno, NV region (2.76) is approximately 11% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Nevada ZIP Codes