Where does Reno rank on Kiplinger’s recent list of 12 Cities Where Home Prices Have Risen Most? Well, because the report looked at only metro areas with populations of 500,000 or more, Reno doesn’t rank at all. However, for comparison I looked at Reno-Sparks, Nevada’s home prices in the year ending September 30, 2012 [Note: this was the same time period used in the Kiplinger’s piece.]
|Rank||City, State||One-year Change in Home Prices||Median Home Price||Change in Price Since Peak|
|3||Cape Coral-Ft. Myers, Fla.||19.5%||$124,300||-56.9%|
|8||Salt Lake City, Utah||14.2%||$178,000||-8.5%|
|10||San Jose, Calif.||13.7%||$632,000||-26.7%|
data source: Kiplinger
As can be seen in the table above, Reno-Sparks would have ranked 4th in one-year price increase. Also of note, Reno-Sparks would have ranked 2nd in change in price since peak.