WhereCanIAfford › Reno, NV › On $425,000

Is Reno, NV affordable on a $425,000 salary?

YES On $425,000/yr, the typical $574,245 home in Reno, NV needs $172,516/yr ($4,025/mo). Your gap: +$252,484 — housing would be 11.4% of your gross income.

The math

574,245 price − 10% down (57,425) = 516,820 loan
30-yr fixed at 6.69% on 516,820 = 3,331/mo principal+interest
+ 694/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
4,025/mo PITI ÷ 0.28 = 14,376/mo → 172,516/yr required

against Zillow ZHVI 2026-06 and the 6.69% FRED 30-yr rate (2026-08-06).

What salary WOULD clear Reno, NV?

You need about $172,516/yr for the typical home. On $425,000 you already clear it by $252,484.

On $400,000? On $450,000? On $475,000?

See the full Reno, NV affordability breakdown → or every metro you can afford on $425,000 →