Prospect Village, Reno, NV
Prospect Village — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Prospect Village, Reno, Nevada. Explore the cited sources and local facts below while agent underwriting continues.
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Prospect Village Neighborhood Overview
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 |
|---|---|
| Median Home Price | $842K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $115K |
| Homeownership Rate | 67.6% |
| Renter-Occupied | 32.4% |
| Rental Vacancy Rate | 4.7% |
| Market Type | Balanced |
| Market Tier | Prime |
| Primary ZIP Code | 89511 |
| Mortgage Originations (2023 HMDA) | |
| Total Mortgage Originations | 663 |
| VA Loan Originations | 33 |
| VA Loan Share | 5.0% |
| Conventional Loan Originations | 602 |
| FHA Loan Originations | 28 |
Top Real Estate Agents in Prospect Village, Reno
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Prospect Village, Reno, NV. Explore the available cited neighborhood data on this page.
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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 — last updated 2026-10-15