Reno remains among the least affordable cities for housing in the United States, ranking 18th nationwide in a report just out from real estate website RealtyHop.
The Reno-Gazette Journal reports last month, the city was 19 th.
Residents need to spend about 45 percent of their income on average to own a house, according to the website’s January housing affordability index.
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Las Vegas was 48 th.
Metrics used to determine the listings include median household income, the median price of homes listed for sale, property taxes, state income tax and mortgage payments based on a 30-year mortgage with a 4.5 percent interest rate and 20 percent down payment.