UNLV Study Uncovers 35,000+ Investor Home Purchases in Washoe County Over Decade

By Matthias Binder
How many homes have investors bought in Washoe County? (Featured Image)

Breakdown of a Decade-Long Trend (Image Credits: Pixabay)

Washoe County – Researchers at the University of Nevada, Las Vegas tallied nearly 36,000 homes acquired by investors in the Reno-area market from 2015 through 2025.[1]

Breakdown of a Decade-Long Trend

A new study from UNLV’s Lied Center for Real Estate examined investor activity across various categories. The analysis identified approximately 35,667 homes purchased by a range of investor types during the 10-year span.[1]

Investigators employed artificial intelligence to gather and process the data, offering fresh insights into patterns that shaped Northern Nevada’s housing landscape.[2] This approach allowed for a comprehensive mapping of transactions that traditional methods might have overlooked.

The findings highlighted sustained investor interest amid fluctuating market conditions, from post-recession recovery to pandemic-era surges.

Investor Ownership Snapshot in Washoe County

Current ownership figures underscore the study’s relevance. Investors hold about 23.17 percent of single-family homes in Washoe County, totaling roughly 43,000 properties.[3]

Institutional investors account for a small slice, owning around 265 homes. This represents just 0.6 percent of investor-held properties and 0.14 percent of all single-family homes in the area.[3]

  • Overall investor ownership: 23.17% (~43,000 homes)
  • Institutional share of investor homes: 0.6%
  • Institutional share of total single-family homes: 0.14%

These numbers reflect a market where smaller-scale investors dominate, contrasting with perceptions of large corporate dominance.

Nevada’s Wider Investor Landscape

Statewide, investors own 24.84 percent of single-family homes, or about 303,000 properties. This rate exceeds the national average by 6 percent, ranking Nevada seventh nationally.[3]

The data stems from the Q3 2025 Investor Pulse report by BatchData. Rick Sharga noted in the analysis, “In Reno, investors own 23.17% of all single-family homes (about 43,000). Institutional investors own about 265 homes in the area, or just 0.6% of investor-owned homes, and 0.14% of all single-family homes.”[3]

Metric Washoe County Nevada Statewide
Investor Ownership % 23.17% 24.84%
Estimated Properties ~43,000 ~303,000
Institutional Homes 265 N/A

Such prevalence has fueled discussions on housing affordability, though reports emphasize that most investor properties serve renters.

Market Impacts and Future Outlook

Past trends show investors contributed to record cash purchases in the region. For instance, all-cash deals hit highs in recent years, often linked to investor strategies.[4]

The UNLV study provides a baseline for policymakers tracking how purchases influence inventory and prices. As Northern Nevada grows, understanding these dynamics remains crucial.

Key Takeaways:

  • 35,667 homes bought by investors in Washoe County, 2015-2025.
  • Investors own 23% of local single-family homes, mostly non-institutional.
  • Nevada leads nation in investor ownership at nearly 25%.

This research demystifies investor roles in a competitive market. What role do you see investors playing in Washoe County’s housing future? Share your thoughts in the comments.

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