Reno, NV
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1978 Q2 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is reno on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real +3.8%
nominal +3.8%
Five years
Five years real +12.6%
nominal +30.3%
Ten years
Ten years real +58.9%
nominal +107.7%
Twenty-five years
Twenty-five years real +90.4%
nominal +237.2%
Since 2000
Since 2000 real +96.6%
nominal +258.2%
2007 to 2012
crash, real −57.4%
2007Q1 to 2012Q2
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 413.5 | 413.5 | real year on year +3.4% |
| 2025 Q4 | 399.9 | 399.9 | real year on year +2.1% |
| 2024 Q4 | 391.7 | 391.7 | real year on year +1.8% |
| 2023 Q4 | 373.9 | 385.0 | real year on year −2.1% |
| 2022 Q4 | 366.9 | 393.3 | real year on year −3.9% |
| 2021 Q4 | 353.5 | 409.2 | real year on year +19.5% |
| 2020 Q4 | 282.6 | 342.6 | real year on year +5.7% |
| 2019 Q4 | 264.2 | 324.2 | real year on year +2.2% |
| 2018 Q4 | 254.1 | 317.4 | real year on year +7.6% |
| 2017 Q4 | 230.6 | 295.0 | real year on year +8.4% |
| 2016 Q4 | 208.3 | 272.2 | real year on year +8.7% |
| 2015 Q4 | 189.2 | 250.4 | real year on year +14.6% |
| 2014 Q4 | 164.9 | 218.5 | real year on year +11.2% |
| 2013 Q4 | 145.9 | 196.5 | real year on year +20.2% |
| 2012 Q4 | 119.7 | 163.5 | real year on year +1.7% |
| 2011 Q4 | 115.3 | 160.8 | real year on year −14.5% |
| 2010 Q4 | 130.8 | 188.1 | real year on year −10.8% |
| 2009 Q4 | 144.2 | 210.8 | real year on year −17.3% |
| 2008 Q4 | 175.1 | 255.1 | real year on year −23.4% |
| 2007 Q4 | 220.1 | 333.0 | real year on year −12.5% |
| 2006 Q4 | 244.7 | 380.8 | real year on year −4.9% |
| 2005 Q4 | 249.1 | 400.2 | real year on year +18.2% |
| 2004 Q4 | 203.9 | 338.7 | real year on year +27.5% |
| 2003 Q4 | 155.8 | 265.6 | real year on year +11.2% |
| 2002 Q4 | 137.0 | 238.9 | real year on year +6.4% |
| 2001 Q4 | 126.8 | 224.6 | real year on year +3.6% |
| 2000 Q4 | 119.0 | 216.7 | real year on year +0.7% |
| 1999 Q4 | 114.3 | 215.3 | real year on year −1.3% |
| 1998 Q4 | 113.3 | 218.1 | real year on year +0.8% |
| 1997 Q4 | 110.7 | 216.3 | real year on year +0.5% |
| 1996 Q4 | 107.7 | 215.3 | real year on year −0.3% |
| 1995 Q4 | 104.9 | 215.9 | real year on year +2.4% |
| 1994 Q4 | 99.7 | 210.9 | real year on year +1.3% |
| 1993 Q4 | 95.8 | 208.1 | real year on year +0.1% |
| 1992 Q4 | 93.0 | 207.8 | real year on year +1.3% |
| 1991 Q4 | 89.1 | 205.2 | real year on year +1.2% |
| 1990 Q4 | 84.4 | 202.7 | real year on year −0.6% |
| 1989 Q4 | 80.6 | 203.9 | real year on year −0.6% |
| 1988 Q4 | 77.3 | 205.2 | real year on year −0.7% |
| 1987 Q4 | 74.9 | 206.7 | real year on year −3.1% |
| 1986 Q4 | 74.5 | 213.3 | real year on year +3.9% |
| 1985 Q4 | 70.4 | 205.2 | real year on year −4.2% |
| 1984 Q4 | 71.0 | 214.2 | real year on year −6.8% |
| 1983 Q4 | 73.0 | 229.8 | real year on year +5.0% |
| 1982 Q4 | 67.3 | 218.7 | real year on year −4.6% |
| 1981 Q4 | 66.5 | 229.3 | real year on year −0.1% |
| 1980 Q4 | 60.3 | 229.5 | real year on year −10.4% |
| 1979 Q4 | 59.3 | 256.1 | real year on year −0.8% |
| 1978 Q4 | 53.7 | 258.2 | — |
2026 Q2414 · real 414real year on year +3.4%
2025 Q4400 · real 400real year on year +2.1%
2024 Q4392 · real 392real year on year +1.8%
2023 Q4374 · real 385real year on year −2.1%
2022 Q4367 · real 393real year on year −3.9%
2021 Q4353 · real 409real year on year +19.5%
2020 Q4283 · real 343real year on year +5.7%
2019 Q4264 · real 324real year on year +2.2%
2018 Q4254 · real 317real year on year +7.6%
2017 Q4231 · real 295real year on year +8.4%
2016 Q4208 · real 272real year on year +8.7%
2015 Q4189 · real 250real year on year +14.6%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 39900. Real terms by the World Bank's US consumer price index, annual.