Out of 100 urban cities in the U.S., RealtyHop ranks Reno as the 21st most unaffordable. So what is causing the housing price spike in the Reno-Sparks Market? With more and more high-earning California residents working from home and looking to relocate, Nevada seems to be the place to go. According to RealtyHop, the median price for a home in the Reno-Sparks area is $440,000, while the median household income is just under $59,000.