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Reno, NV New Homes Under $400K

6 Communities

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Market Snapshot

New Homes in Reno by Region

RegionCommunitiesAverage New Home Price
Central Reno 23$699,000
East Reno 32$538,000
North Reno 28$575,000
South Reno 12$440,000
West Reno 16$622,000

New Home Cities in Reno

CityCommunitiesAverage New Home Price
Sparks24$628,592
Reno15$696,128
Carson City7$551,831
Dayton3$500,393
Fernley3$448,204
Gardnerville3$499,890
Minden3$637,963
Genoa2$970,080
Stateline1$2,169,990
Verdi1$1,055,594

Reno, NV features many of the best home builder communities in Nevada, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Reno has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Reno area. In fact, there are 6 communities and 5 builders in Reno with homes starting at under $400K.

How to Find Homes in Reno for Less than $400K?

Many builders recognize there is growing demand in the Reno area for homes under the $400k price point and often have a few floor plans available, but these may be in limited supply. These brand new homes are relatively affordable. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices. Like any new home, you are likely to have the low maintenance and lower cost of ownership that makes new construciton a good value in Reno.