89501 — Washoe County, Nevada Market Snapshot
Housing market data for zip code 89501 in Washoe County, Nevada. Updated monthly with median prices, days on market, and more.
Market Sales Data
11 sales in 2026 (year to date)
Median Sale Price
$510,910
Days to Sell
64
Homes Sold
11
Inventory
38
Sale-to-List
97.9%
New Listings
23
Price/SqFt
$383
Pending Sales
13
Conforming Loan Available
Most homebuyers in 89501 can comfortably use conventional financing. The median home price of $510,910 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 64 days on average, 89501 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 89501 sells for 2.1% below asking price (97.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 89501 can comfortably use conventional financing. The median home price of $510,910 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 89501 are set at the county level.
2026 Loan Limits — Washoe County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $638,250 |
| 2 Units | $1,066,250 | $817,050 |
| 3 Units | $1,288,800 | $987,650 |
| 4 Units | $1,601,750 | $1,227,400 |
Affordability Snapshot — Zip 89501
To purchase the median home at $510,910 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,064.
Monthly Payment
$4,064
Income Required
$174,190
Principal & Interest
$3,148/mo
Down Payment (5%)
$25,546
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 89501.
Estimated Monthly Payment
$3,312
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