89503 Homes under $500,000

Welcome to the vibrant community of Reno, Nevada, specifically the charming zip code 89503! Nestled in the heart of Washoe County, this area is a hidden gem that offers a delightful blend of natural beauty, recreational opportunities, and a welcoming atmosphere. With the stunning backdrop of the Sierra Nevada mountains, residents enjoy breathtaking views and a plethora of outdoor activities, from hiking and biking to skiing and snowboarding in the winter months.

One of the standout features of the 89503 zip code is its affordability in the housing market. Here, you can find a variety of homes under $500,000, making it an ideal choice for first-time homebuyers, families, or anyone looking to invest in a thriving community. Whether you're searching for a cozy single-family home, a modern townhouse, or a charming vintage property, this area offers diverse options to suit different tastes and budgets.

In addition to its attractive housing prices, Reno boasts a rich cultural scene, with an array of dining, shopping, and entertainment options. The city is known for its lively arts community, featuring galleries, theaters, and festivals throughout the year. Plus, with a strong sense of community and friendly neighbors, you'll quickly feel at home in this welcoming environment.

Explore the potential of living in Reno's 89503 zip code, where affordability meets adventure. Discover your dream home today and enjoy all that this dynamic area has to offer!

Newest 89503 Homes under $500,000

$379,000

3 Beds ⋅ 3 Baths ⋅ 260012880 MLS

Enjoy panoramic mountain and downtown Reno skyline views from this beautifully updated 3-bedroom, 2.5-bathroom townhome at 3425 Balboa Drive. Offering 1,272 square feet of thoughtfully updated living space, this home combines modern finishes, comfortable living areas, and exceptional outdoor spaces to enjoy the scenic views. The remodeled kitchen features new cabinets and hardware (2024), quartz countertops, stainless steel appliances, a single-basin stainless steel sink, and recessed lighting within a raised ceiling panel. The inviting living room offers recessed lighting, a fireplace with a white brick finish, and a sliding glass door opening to the outdoor living space. A separate dining area features a ceiling fan and large view window, creating a lovely spot to enjoy your morning coffee while taking in the scenery. Upstairs, the primary suite and second bedroom both open directly onto the full-width view balcony, creating the perfect spot to take in the surrounding scenery. Both bathrooms feature quartz vanity tops, sinks, brushed nickel faucets, and white shaker-style vanities. Numerous recent updates include luxury vinyl plank flooring throughout, including the stairs (2024), fresh interior paint (2024), new blinds and window coverings throughout (2024), a new downstairs coat closet, and updated stair railings. Dual-pane window glass was replaced at the balcony doors in both the primary bedroom and second bedroom, with GFCI outlets and dimmer switches throughout. The full-width balcony was completely rebuilt in 2025 with new wood decking and black metal railing, along with a new garage support beam reinforcing the balcony. A private, partially covered front courtyard provides additional outdoor living space. An attached two-car garage with a new garage door (2024), plus a wide two-car driveway, provides excellent parking and storage. With its sweeping views, extensive updates, multiple outdoor living areas, and convenient layout, this townhome is a special opportunity in Northwest Reno.

3425 Balboa Dr, Reno

Courtesy of Stephanie Klausner and Dickson Realty - Damonte Ranch. Contact:

$225,000

2 Beds ⋅ 1 Baths ⋅ 260012777 MLS

Turnkey Opportunity Near UNR! This completely remodeled ground-floor 2-bedroom, 1-bath condo offers approximately 970 square feet in a convenient Northwest Reno location near UNR, shopping, dining, and essential services. The property features new flooring throughout and new stainless steel appliances, creating a low-maintenance rental opportunity. Short-term rentals are allowed, providing flexible rental options. Community amenities include a pool, hot tub, clubhouse, gym and BBQ's. With its convenient location, remodeled interior, ground-floor access, and rental flexibility, this condo offers an attractive opportunity for investors or buyers seeking a property with income potential.

140 Griswold Way Unit UNIT A, Reno

Courtesy of Connie Zanotto and New Dimensions, Inc.. Contact:

$359,900

2 Beds ⋅ 3 Baths ⋅ 260012512 MLS

Prime location near the university! This inviting townhouse offers the perfect combination of convenience, comfort and functionality. Featuring two spacious primary suites, each with its own private bath, this home is ideal for roommates, guests or anyone looking for flexible living space. Enjoy an open and comfortable layout with plenty of natural light and a private deck—perfect for morning coffee, relaxing after a long day or entertaining friends. Conveniently located close to the university, shopping, dining and everyday amenities, this townhouse makes an excellent home or investment opportunity. Comfortable, versatile and ideally located—this is one you won't want to miss!

4137 Kathleen Denise Ln, Reno

Courtesy of Miranda Vaulet and RE/MAX Professionals-Reno. Contact:

$449,999

2 Beds ⋅ 3 Baths ⋅ 260012492 MLS

Opportunity awaits in this 1,424 sq. ft. split-level home overlooking Northwest Reno. Built into a sloping lot, the home features two bedrooms on the lower level and a spacious upper-level deck with incredible views across West Reno, mature trees, and the hillsides of Peavine. Ready for updating, this home offers buyers the opportunity to make improvements over time, create a modern space of their own, and build equity along the way. Priced with its current condition in mind, this property offers tremendous potential in a great Northwest Reno location.

2060 Bonneville Ave, Reno

Courtesy of Paul Yohey and Chase International-Damonte. Contact:

$489,900

3 Beds ⋅ 2 Baths ⋅ 260012444 MLS

Beautiful Location in Northwest Reno, near University Nevada Reno & Downtown, Truckee river. Charming single-story Reno home on a desirable corner lot! This 3-bedroom, 2-bath residence offers 1,573 sq ft with hardwood flooring, a cozy fireplace, and an inviting floor plan. Large Den 2nd Living room area is being used as a 4th Bedroom. Enjoy mature trees, large yard, and deck for outdoor relaxation. Attached 2-car garage. Conveniently located near parks, schools, shopping, and major roadways!

2195 Prince Way, Reno

Courtesy of Kevin Kalinske and Hello Real Estate Center. Contact:

$370,000

3 Beds ⋅ 2 Baths ⋅ 260012361 MLS

Discover the potential of 1291 Rayburn Dr in Reno! Located in the desirable 89503 area, this property offers an exciting opportunity for a homeowner or investor looking to make a space their own. Previously used as a rental, the home is ready for its next chapter and offers plenty of potential to personalize and create a space that fits your vision. Enjoy access to shopping, dining, parks, schools, and major roadways, making it easy to enjoy everything Reno has to offer. Whether you're searching for a place to call home or looking for your next investment opportunity, this property is worth a look. The home features an electrical panel that was replaced prior to listing and a new furnace and thermostat installed February 2025. Bring your ideas and envision the possibilities at 1291 Rayburn Dr! *Listing agent is related to the seller.

1291 Rayburn Dr, Reno

Courtesy of James Davis and Chase International-Damonte. Contact:

$445,000

3 Beds ⋅ 2 Baths ⋅ 260012276 MLS

Welcome to 3265 Downey Avenue, a charming 3-bedroom, 2-bathroom home in northwest Reno, NV. With 988 square feet of thoughtfully designed living space, this residence boasts hard wood flooring and updates throughout. The central air conditioning keeps you comfortable year-round. Inside, you'll find a well-equipped kitchen featuring a dishwasher and refrigerator. Laundry facilities are conveniently located next to the kitchen with extra storage. Enjoy the ease of parking in the attached, one-car garage. Step outside to your private outdoor space, surrounded by low-maintenance xeriscape landscaping, perfect for relaxation or entertaining. Fully fenced with an additional dog run out back along with a shed and covered patio. Don't miss this opportunity to make this delightful home your own!

3265 Downey Ave, Reno

Courtesy of Michelle Barney and Century 21 Prime Nevada Prime Real Estate LLC. Contact:

$495,000

2 Beds ⋅ 1 Baths ⋅ 260012212 MLS

Charming brick bungalow with a fantastic location near the University! New interior paint and newly refinished classic hard wood floors, and an additional 272 sq. ft. unfinished basement for added storage/utility. Positioned on a well sized lot, plenty of parking, and a detached 1-car garage. Great backyard space for entertaining.. Roof replaced 2022. Furnace replaced 2015.

1138 Codel Way, Reno

Courtesy of Gino Rossi and Ferrari-Lund Real Estate South. Contact:

$475,000

2 Beds ⋅ 2 Baths ⋅ 260012136 MLS

Location, Location, Location! Ideally situated within walking distance or a short bike ride to UNR, Rancho San Rafael Park, downtown Reno, shopping, dining, hiking trails, and freeway access.This well-maintained 2-bedroom, 1.5-bath home offers charm, comfort, and an oversized .18-acre lot in desirable Northwest Reno. The spacious yard provides plenty of room for gardening, entertaining, or future possibilities, while refinished hardwood floors add warmth and character to the inviting interior. Numerous updates include sewer and water lines, Milgard windows, roof and gutters w/ gutter guards, exterior siding and paint, electrical panel, Samsung heat/AC pump, updated bathroom, refreshed kitchen countertops, and professionally landscaped front yard with drip irrigation. With its generous lot, extensive updates, and desirable Northwest Reno location, this home is a fantastic opportunity for a first-time buyer, investor, or those looking to downsize.

68 Sunnyside Dr, Reno

Courtesy of Kirsten Gardner and Dickson Realty - Downtown. Contact:

$232,500

2 Beds ⋅ 2 Baths ⋅ 260012117 MLS

Reno Living with a View! Welcome to this well-maintained condo offering easy, low-maintenance living with beautiful views toward downtown Reno. Conveniently located near the University of Nevada, Reno, this home is ideally situated for students, faculty, professionals, or anyone looking to enjoy all that Reno has to offer. The inviting interior features granite countertops, a functional kitchen, and a convenient laundry area. Step outside your door and enjoy an impressive selection of community amenities, including a sparkling swimming pool, spa and hot tub, fitness center, and barbecue area—perfect for relaxing, entertaining, and enjoying the Northern Nevada lifestyle. With its desirable location, city views, comfortable layout, and resort-style amenities, this condo offers a wonderful opportunity to enjoy the convenience of Reno living. Close to UNR, shopping, dining, entertainment, and outdoor recreation. Come see why this could be the perfect place to call home!

230 Bisset Ct Unit B, Reno

Courtesy of Piedad Diaz-Camara and RE/MAX Gold. Contact:

$459,900

3 Beds ⋅ 3 Baths ⋅ 260012098 MLS

Fresh, updated, and priced to sell! Enjoy new interior & exterior paint, a new HVAC system and ducting (2024), and a new roof (2022). Priced below comparable homes, offering buyers room to add their own style and build equity. Don't miss this opportunity

845 Wyoming Ave, Reno

Courtesy of Brian Sundeen and Chase International-Damonte. Contact:

$185,000

1 Beds ⋅ 1 Baths ⋅ 260012072 MLS

Urban living meets modern convenience in this stylish 1-bedroom downtown condo! Located minutes from the river and vibrant dining and entertainment, this home puts the best of the city right at your doorstep. Inside, you'll find an open and inviting layout featuring hardwood floors in the main living area, cozy carpet in the bedroom, and a sleek, contemporary kitchen.

450 N Arlington Ave Unit UNIT 806, Reno

Courtesy of Mi Gentner and RE/MAX Gold. Contact:

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Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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