Housing market/Nevada/ZIP 89501
ZIP 89501 Reno, Nevada
Reno, NV HUD Metro FMR Area · Nevada. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 89501 · NV — sent to you.
ZIP 89501 · NV
ACS rent vs 2BR SAFMR
ZIP 89501 — Reno, NV HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 89501
- 1-unit detached822.8%
- 1-unit attached160.5%
- 2–4 units2066.9%
- 5–49 units52417.6%
- 50+ units2,14772.2%
2–4 unit share 6.9% · 5–49 unit share 17.6% · combined 2–49 24.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,089 (all bedrooms, occupied rentals).
- Median contract rent $1,047.
- Renters paying ≥30% of income 64.4%; ≥50% 37.6%.
- FY2027 2BR SAFMR $1,690 (1.552× ACS median gross rent).
Population
3,641 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -10.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 6 projects, 508 units.
- HUD project-based assisted MF: 1 properties, 22 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 813 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 89501 76.4% of occupied households are renters; vacancy is 15.9%; ACS median gross rent is $1,089; population changed -10.2% between the 2018 and 2023 ACS vintages; the housing stock includes 206 units in 2–4-unit structures and 524 units in 5–49-unit structures; 6 LIHTC projects totaling 508 units; FY2027 2BR SAFMR is $1,690 versus ACS median gross rent of $1,089. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Nevada research
ZIP 89501 is a Census / HUD profile for Reno, NV. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 89501 — Reno, NV HUD Section 8 Payment Standards / SAFMR·Nevada ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Nevada research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 89501?
ZIP 89501 (Reno, NV HUD Metro FMR Area) has 3,641 residents, 2,501 households, a renter share of 76.4%, median household income of $32,990, and ACS 2023 median gross rent of $1,089. Vacancy is 15.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 89501?
ACS counts 97 units in 2-unit buildings, 109 in 3–4 unit buildings, 137 in 5–9, 99 in 10–19, and 288 in 20–49. Combined 2–49 unit stock is 730 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 89501?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,690. See the full schedule and 90–110% payment-standard band on the ZIP 89501 — Reno, NV HUD Section 8 Payment Standards / SAFMR.
Does this Nevada ZIP profile include Georgia listings?
No. ZIP 89501 is Census / HUD research for Reno, NV HUD Metro FMR Area. Jeff Crowe CRE does not list Nevada property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.