Is Reno, NV a Good STR Investment in 2026?
908 active listings
Top Market
Median Price
$603,675
STR Revenue/mo
$2,999
Cap Rate
1.4%
1Y Appreciation
-0.4%
Avg Nightly Rate
$177
Market Score
98.5/100
Market Overview
Reno, NV presents a strong opportunity for real estate investors in 2026, with a market score of 98.5 out of 100. The median home price sits at $603,675 with average short-term rental revenue of $2,999 per month, yielding a 1.4% cap rate.
Short-Term Rental Performance
Short-term rental hosts in Reno average $2,999 in monthly revenue with a 69.2% occupancy rate. This translates to approximately $35,988 in annual gross revenue for a typical listing. The average nightly rate is $177.
Investment Analysis
Assuming a 20% down payment at 7% interest on a $603,675 property, your monthly mortgage would be approximately $3,213. After accounting for mortgage, taxes, and insurance, the estimated monthly cash flow for an STR is -$2,496.
The long-term rental market shows potential with median rents at $1,865 per month. Home values have declined 0.4% year-over-year, so investors should factor in potential equity loss when evaluating returns.
Our Verdict
Reno ranks among the top investment markets with a score of 98.5/100. However, declining home values (-0.4%) mean investors should focus on cash flow rather than equity growth. High occupancy rates signal strong rental demand.