89704 — Washoe County, Nevada Market Snapshot
Housing market data for zip code 89704 in Washoe County, Nevada. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$909,000
Days to Sell
82
Homes Sold
12
Inventory
16
Sale-to-List
96.6%
New Listings
20
Price/SqFt
$375
Pending Sales
12
Jumbo Loan Likely Needed
The median home in 89704 at $909,000 exceeds the 2026 conforming loan limit of $832,750 by $76,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
With homes sitting for 82 days on average, 89704 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 89704 sells for 3.4% below asking price (96.6% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 89704 at $909,000 exceeds the 2026 conforming loan limit of $832,750 by $76,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 89704 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 89704
To purchase the median home at $909,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,114.
Monthly Payment
$7,114
Income Required
$304,906
Principal & Interest
$5,601/mo
Down Payment (5%)
$45,450
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 89704.
Estimated Monthly Payment
$5,776
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