Which zip codes saw the greatest price increase in 2013?

price increase by zip code - 2013Housing markets across the nation saw their respective home prices rise dramatically in 2013 — with some cities seeing the highest increases in 20 years.

The Reno-Sparks market was no exception. December’s median sales price was up 26 percent year-over-year. But not all areas experienced the same magnitude of increase. The table below shows Reno-Sparks’ increase in median sales price across zip codes. To ensure I had enough data with which to work, I compared 2013’s 4th quarter sales to 2012’s 4th-quarter sales. The table was then sorted by largest increase.

Zip Code Area % Increase 2013 Q4 Median Price 2012 Q4 Median Price
89512 Reno (North) 53.21% $110,500 $72,125
89501 Reno (Downtown) 52.00% $190,000 $125,000
89508 Cold Springs, Rancho Haven 48.68% $179,900 $121,000
89431 Sparks 44.23% $139,900 $97,000
89439 Verdi-Mogul 35.59% $400,000 $295,000
89506 Reno (Stead, Lemmon Valley, Golden Valley) 34.44% $162,000 $120,500
89503 Reno (NW) 33.86% $170,000 $127,000
89509 Reno (Old Southwest) 31.05% $276,000 $210,612
89523 Reno (Somersett) 28.64% $265,000 $206,000
89441 West Spanish Springs 26.04% $302,500 $240,000
89519 Reno (Caughlin Ranch) 23.66% $407,450 $329,500
89433 Sparks (Sun Valley) 22.77% $155,000 $126,250
89521 Reno (Double Diamond, Damonte Ranch) 22.73% $270,000 $220,000
89704 Washoe Valley 22.37% $232,500 $190,000
89510 Palomino Valley 20.81% $315,000 $260,750
89502 Reno (Hidden Valley, Donner Springs) 19.59% $146,500 $122,500
89436 Sparks (Spanish Springs, Wingfield Springs) 18.65% $229,000 $193,000
89434 Sparks (D’Andrea) 15.80% $173,700 $150,000
89511 Reno SW (ArrowCreek, Saddlehorn, Galena, Montreux, St. James) -0.35% $440,000 $441,545

Related: Reno and Sparks median home sales by zip code

Note: The median home price data reported above covers zip codes throughout Reno, Nevada and Sparks, Nevada. Residential data includes Site/Stick Built properties and Condo/Townhouses. Data excludes Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS – January 2014. Note: This information is deemed reliable, but not guaranteed.

2 comments

  1. Avatar
    Todd Conklin

    These are some great numbers for the year minus that last zip code. It’ll be interesting to see how 89511 fares in 2014 compared to the others.

  2. Median sales price by zip code | Reno Real Estate Blog

    […] comparison purposes, see last year’s post, Which zip codes saw the greatest price increase in 2013?, where I compared 2013 4th-quarter sales data with 2012 4th-quarter sales, by zip […]

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