Reno’s housing market has steadily regained its health, making it a sellers’ market. This is putting strain on the city’s dwindling supply of rental homes. In our ongoing series Squeezed Out, reporter Julia Ritchey explores what’s happening in Midtown, Reno’s trendiest neighborhood.
“This is a nice little space. So you can see, I have access to a backyard and a front yard…”
Margie Hicks has lived in her two-bedroom, one-bath rental house on Caliente Street in Midtown for about six years.
She says back then, it wasn’t hard to find a place to rent.
“It was during the housing recession, and there were a lot of rentals at the time,” she says. “And the prices were quite a bit lower, even in this neighborhood. As I shopped around, there were places up the street that they were $750 and $800, and now those same places are going for $1,350.”
Read more from our media partner, Reno Public Radio: Squeezed Out: The Case of the Disappearing Midtown Rental Homes | KUNR