Affordable Homes For Sale in Reno, NV
Buying a home in Reno doesn’t have to feel out of reach. Affordable homes give you a way to step into ownership without stretching your budget. In spots like the North Valleys, Sun Valley, and nearby Sparks, you’ll find starter homes, easy-to-maintain condos, and townhouses close to schools, work, and shopping. Smaller homes also keep monthly costs like taxes, utilities, and insurance manageable.
Reno real estate covers a wide range, and affordable listings sit right in the middle of Washoe County. Our live feed from the Northern Nevada Regional MLS (NNRMLS) updates around the clock with active MLS listings and new homes under $450,000. You’ll see everything from condos and townhouses to smaller single-family homes, many with room for updates and value-add projects.
Reno NV Affordable Homes For Sale
Listings are subject to the Fair Housing Act and NNRMLS rules.
- 1/3 3
3 Beds 2 Baths 1,152 SqFt$349,000Active - 1/14 14
1 Bed 1 Bath 668 SqFt$100,000Active Under Contract - 1/26 26
2 Beds 2 Baths 1,036 SqFt$247,000New - 1/26 26
2 Beds 2 Baths 919 SqFt$180,000New - 1/30 30
3 Beds 2 Baths 1,149 SqFt$395,000Active - 1/28 28
2 Beds 2 Baths 1,127 SqFt$399,900Active Under Contract - 1/42 42
2 Beds 2 Baths 854 SqFt$262,900Price Dropped by $7K - 1/37 37
2 Beds 2 Baths 1,152 SqFt$339,900Open Sat 11AM-1PM - 1/31 31
3 Beds 2 Baths 1,248 SqFt$365,000Open Sat 1:30PM-3:30PM
Why Choose an Affordable Home in Reno?
Affordable homes make it easier to leave renting behind and start building equity. Smaller properties usually mean lower bills for utilities, insurance, and taxes, so your monthly budget goes further.
Many of these homes sit in established neighborhoods that keep you close to jobs, schools, and daily errands. Condos and townhouses offer a low-maintenance lifestyle, while older single-family homes often give you bigger yards and the chance to personalize.
Buying an older place can also be an opportunity. A little work - new paint, updated fixtures, or landscaping - can boost value and make the home feel more like yours.
Reno Affordable Homes Market Insights
Homes under $450,000 move quickly. If you want a shot at them, set listing alerts, get pre-approved, and be ready to schedule a showing as soon as one comes up.
Median Sale Price (Under $450K): Approx. $410,000
Median Days on Market (Under $450K): Approx. 25 days
Inventory (Under $450K): Typically under 1.5 months supply
Market Dynamics: High demand from first-time buyers and investors keeps this segment competitive.
Median Days on Market (Under $450K): Approx. 25 days
Inventory (Under $450K): Typically under 1.5 months supply
Market Dynamics: High demand from first-time buyers and investors keeps this segment competitive.
To stay ahead, bring a full pre-approval and keep your offer simple - short timelines and flexible closings help. Condos and townhouses work well if you want lower monthly costs. If you’re more interested in long-term upside, older single-family homes in areas like Sun Valley, the North Valleys, and Sparks often reward sweat equity. Track price drops and be ready to move fast - turnkey homes in good spots don’t last long.
Reno Affordable Homes Buyer FAQs
Are there down payment assistance programs for first-time buyers?
Yes. Programs through the Nevada Housing Division and local groups can help cover down payment and closing costs. I can point you to lenders who know these programs inside and out.
Older homes can be a great buy, but inspections are a must. A good inspector will check the roof, foundation, plumbing, and electrical so you know exactly what you’re getting into.
How do I compete with cash buyers?
Start with a full pre-approval, not just pre-qualification. Keep contingencies light and be flexible on timing—those details can make your offer stronger, even against cash.
Should I worry about the condition of an older affordable home?
Older homes can be a great buy, but inspections are a must. A good inspector will check the roof, foundation, plumbing, and electrical so you know exactly what you’re getting into.
What types of affordable properties are most common in Reno?
You’ll find a mix—condos, townhouses, and smaller single-family homes, often under 1,500 square feet. Sun Valley, the North Valleys, and parts of Sparks are popular areas where these homes show up most often.