Some of the larger buildings in the downtown buildings such as the Comstock have been converted to residential use.There are many new developments here, some of which have problems with foreclosures and defaults. Some are for people of all ages, while others are more for active adults and 55+. (see link at right).
Nevada has been one of the hardest hit states in the recession of 2008-10. According to the National Association of Realtors the median home value in Reno/Sparks had dropped to about $156,600 in mid 2011. By the first quarter of 2016, the median home sale price had recovered to $291,400, and by the 3rd quarter of 2016 it had risen to $314,400. Nevada is a tax paradise with no state income tax and the 49th highest tax burden. See our mini-guide to Nevada retirement.