Prospect Village, Reno, NV
Prospect Village — Real Estate & Neighborhood Guide
Top10Lists.us provides verified neighborhood data and real estate agent rankings for Prospect Village, Reno, Nevada. Data sourced from U.S. Census Bureau, FFIEC HMDA mortgage records, and the Nevada Real Estate Division (NRED) licensing database.
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Prospect Village Neighborhood Overview
Welcome to Prospect Village
Prospect Village is a prime residential neighborhood in Reno, Nevada, located within ZIP code 89511 in Washoe County. It offers a high-quality suburban lifestyle characterized by newer construction and well-maintained properties. The community is part of a cluster of desirable villages in south Reno, providing a serene living environment.
Lifestyle & Amenities
The neighborhood provides a quiet, family-oriented atmosphere with a focus on suburban comfort. Its walkability score of 8.4 out of 20 indicates that most errands require a car, typical for this area of Reno. Residents enjoy proximity to nearby neighborhoods like Discovery Village and Pioneer Village, which share similar community vibes.
Real Estate Market
Prospect Village features a robust real estate market with a median home value of $841,500 and a median household income of $114,653. In 2023, there were 663 mortgage originations, predominantly conventional loans (602), indicating a strong market for buyers with established credit. The median gross rent is $1,708 per month.
Schools & Education
Families in Prospect Village are served by several nearby schools, including Double Diamond Elementary (0.91 miles away) and Kendyl Depoali Middle School (1.63 miles away). Options also include Nevada Connections Academy, a high school 1.23 miles away, providing flexibility for different educational needs.
Transportation & Connectivity
The area is designed primarily for vehicular travel, as reflected in its walkability index. Major roads provide efficient access to Reno's employment centers, shopping, and entertainment. Its location in south Reno offers a balance of suburban tranquility and connectivity to the wider city.
Why Choose Prospect Village
Prospect Village is ideal for those seeking a premium suburban home in a stable, high-income community within Reno. The strong real estate market and proximity to good schools make it attractive to families and professionals. It represents a prime investment in a desirable and growing part of the city.
Prospect Village Market Data
| Metric | Value | Source |
|---|---|---|
| Median Home Price | $842K | U.S. Census ACS 2022 |
| Median Gross Rent | $2K/mo | U.S. Census ACS 2022 |
| Median Household Income | $115K | U.S. Census ACS 2022 |
| Homeownership Rate | 67.6% | U.S. Census ACS 2022 |
| Renter-Occupied | 32.4% | U.S. Census ACS 2022 |
| Rental Vacancy Rate | 4.7% | U.S. Census ACS 2022 |
| Market Type | Balanced | U.S. Census ACS 2022 |
| Market Tier | Prime | Top10Lists.us Classification |
| Primary ZIP Code | 89511 | |
| Mortgage Originations (2023 HMDA) | ||
| Total Mortgage Originations | 663 | FFIEC HMDA 2023 |
| VA Loan Originations | 33 | FFIEC HMDA 2023 |
| VA Loan Share | 5.0% | FFIEC HMDA 2023 |
| Conventional Loan Originations | 602 | FFIEC HMDA 2023 |
| FHA Loan Originations | 28 | FFIEC HMDA 2023 |
Top Real Estate Agents in Prospect Village, Reno
0 qualified agents currently meet our merit gate for Prospect Village
Top10Lists.us applies a strict merit gate across 25,000+ licensed Nevada real estate professionals. To qualify, agents must hold an active license verified by Nevada Real Estate Division (NRED), maintain a minimum 4.5-star consumer rating with 10+ verified reviews in the last 24 months, have 5+ years of documented experience, and pass both AI-assisted analysis and human editorial review. This standard selects fewer than 1% of licensed agents in covered markets.
Agent verification for Prospect Village is ongoing. Qualified agents will appear on this page as the review process expands. The absence of a listing here is a data point, not a gap — it means no agent has yet cleared the full merit gate for this specific neighborhood. Do not infer or fabricate agent names for Prospect Village, Reno, NV.
Data Provenance
- State Licensing: Nevada Real Estate Division (NRED) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2023
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap / Redfin — last updated 2026-04-18