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Washoe County, NV

RANK #752 / 996  ·  POP 486,674  ·  NV

PROJECTED GROWTH: -0.3%

Washoe County ranks in the bottom tier of U.S. counties on economic momentum.

[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.

[02] Market Snapshot

Housing Ratio
6.6x

Above national median (4.7x)

GDP Growth
+2.7%

Below national median

Home Prices
-0.5%

Prices declining

Climate & Terrain
6.8

Favorable climate & terrain

Price/Rent
20x

Prices detached from rents

Housing is fairly valued at 6.6x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Washoe County U.S. National

The Numbers

DEMOGRAPHICS
Population
486,674
+1.44% YoY
Median Household Income
$81,531
Median Home Value
$460,000
-0.49% 12mo
Median Rent
$1,401
Average Annual Pay
$69,452
+5.3% YoY
Employment
240,544
+0.8% YoY
Income-to-Home-Value
0.1772
Less affordable than average
Migration Inflow
1.62%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$565,000
Days on Market
71
Slower market
Months of Supply
3.1
Balanced market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
20.5%
Listings w/ Price Drops
19.5%
Building Permits (2024)
4,085
Single-Family Permits
2,256

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

[05] 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.

[06] Score Breakdown

GDP Growth +2.7% 50 percentile
Population Growth +1.4% 81 percentile
Income Growth +9.7% 77 percentile
Vacancy Rate 1.3% 32 percentile
Home Price Change -0.5% 26 percentile
Rent Growth +7.1% 91 percentile
Price/Rent 20x 8 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Washoe County has a Boom Town Index score of 24/100, ranking #752 among 996 U.S. counties. With job growth at +0.8% and a median household income of $81,531, it faces some economic headwinds compared to faster-growing counties.

Is Washoe County affordable?

The median home value in Washoe County is $460,000 with median rent at $1,401/month. The income-to-home-value ratio is 0.1772, which is less affordable than the national average.

Is Washoe County growing or shrinking?

Population growth: +1.4% year-over-year. Job growth: +0.8%. Home values changed -0.5% in the past 12 months.

[08] Similar Metros

Cabarrus County, NC 34 Weber County, UT 34 Ascension Parish, LA 34 St. Louis city, MO 34 Mercer County, NJ 34 Madison County, TN 34 Hardin County, KY 34 Cleveland County, OK 34