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Somersett

Reno, NV

Neighborhood Market Analysis

Q3 2025 Report
$730,000 (May 2025)
Median Home Price
Car-dependent (WalkScore: low); Somewhat bikeable.
Walkability Score
Generally above average to excellent; highly desirable for families.
School Rating

Location Overview

Neighborhood Boundaries

Northwest Reno, nestled between Peavine Mountain and the Sierra Nevada range; covers 2,391 acres; primary ZIP code 89523.

Zip Codes

89523

Market Data Summary

Price Range$500,000 (smaller homes) to $3,000,000 (luxury estates)
Price per Sq FtData not specified for May 2025, but typically aligns with Reno luxury segment.
Inventory LevelsLimited; homes sell quickly if priced correctly, typically under 30 days.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesCustom homesLuxury estatesTownhomes (limited)

Architectural Styles

ContemporaryModern with stone facadesOpen floor plansLarge decks and glass walls

Property Details

Typical Lot SizesVaries from moderate to large, with manicured landscaping and mountain views.
Home Age RangeMajority built from 2000 to present; 76.2% classified as newer construction.
Construction QualityHigh; many homes feature upscale finishes, energy-efficient designs, and luxury amenities.

Community Profile

Demographics & Lifestyle

Demographics

Wealthy, highly educated, among top 15% income neighborhoods in the US. Very low child poverty rates. Diverse age groups, with a strong presence of executives, retirees, and families.

Community Vibe

Peaceful, quiet, and scenic. Active, outdoor-oriented, and socially engaged.

Typical Residents

  • Retirees
  • Executives
  • Families with school-aged children
  • Urban sophisticates

Family Friendly

Yes; parks, playgrounds, pools, and family-oriented events.

Amenities & Lifestyle

Parks & Recreation

  • • Somersett Golf & Country Club
  • • Somersett Club (pool, tennis, fitness)
  • • Somersett West Park
  • • Somersett East Park
  • • Sierra Vista Park (biking, hiking)
  • • 27+ miles of trails

Dining Options

  • • Clubhouse dining
  • • Nearby Northwest Reno and Downtown/Midtown options

Shopping Centers

  • • Local plazas in Northwest Reno; major shopping in Downtown/Midtown Reno

Local Businesses

  • • Somersett Golf & Country Club
  • • Somersett Club (recreation center)
  • • Nearby shops and restaurants in Northwest Reno

Education & Schools

Generally above average to excellent; highly desirable for families.
Overall School Rating

Elementary Schools

  • • Westergard Elementary

Middle Schools

  • • Billinghurst Middle School

High Schools

  • • McQueen High School

Private Schools

  • • Several options in greater Reno area

Transportation & Accessibility

Transit & Roads

Public Transit

  • • Limited; primarily car-dependent

Major Roads

  • • Somersett Parkway
  • • Quick access to I-80

Commute & Walkability

Commute Times15-20 minutes to Downtown Reno; 30-40 minutes to Truckee/Lake Tahoe.
WalkabilityLow; most errands require a car.
ParkingAmple; most homes have garages and driveways.

Marketing Intelligence

Target Buyer Types

  • Affluent families
  • Retirees
  • Executives
  • Relocators from California

Key Selling Points

  • Newer construction
  • Luxury amenities
  • Mountain and golf course views
  • Community recreation and safety

Pricing Considerations

Price competitively within the $500K–$3M range; homes sell quickly if priced right.

Common Objections & Response Strategies

Objection: Car-dependent, low walkability.

Response Strategy:

Emphasize extensive trails, recreation, and quick access to I-80 and shopping.

Objection: HOA fees and restrictions.

Response Strategy:

Highlight value of amenities, security, and community upkeep provided by HOA.

Objection: Higher price point compared to other Reno neighborhoods.

Response Strategy:

Showcase luxury features, safety, and appreciation trends.

Investment Insights

Investment Potential

Appreciation Potential

Strong; 12.3% YoY price growth as of May 2025. High demand for newer, luxury homes.

Rental Demand

Moderate to high, especially for executive and family rentals.

Buyer Competition

Somewhat competitive; limited inventory and quick sales for well-priced homes.

Best For

  • Luxury buyers
  • Retirees
  • Executives
  • Families seeking amenities

Potential Concerns

  • Car-dependency
  • HOA fees
  • Limited walkability

Professional Recommendations

1

Focus on lifestyle marketing—golf, trails, recreation, and community events.

2

Leverage professional staging and high-end photography to highlight views and finishes.

3

Educate buyers on HOA value and community benefits.

4

Network with relocation specialists and target affluent out-of-state buyers.

5

Monitor inventory closely and price aggressively for quick sales.

Competitive Analysis

Comparable Markets

  • ArrowCreek (Reno)
  • Caughlin Ranch (Reno)
  • Montreux (Reno)

Market Positioning

Luxury, family-friendly, and retiree-preferred master-planned community.

Competitive Advantages

  • Newer homes
  • Superior amenities
  • Scenic mountain setting
  • Strong community association

Price Comparison

Priced above most Reno neighborhoods, but below ultra-luxury enclaves like Montreux.

Investment Metrics

3–4% (typical for luxury Reno markets)
Cap Rates
3–4% gross yield for executive/family rentals
Rental Yields
High, reflecting owner-occupant preference and luxury segment
Price-to-Rent
Modest; best suited for appreciation and lifestyle buyers
Cash Flow
Continued strong growth if demand from affluent buyers persists
Appreciation

Buyer Journey Insights

First-Time Buyers

Less common due to price point; may be attracted by newer homes and amenities if budget allows.

Move-Up Buyers

Very common; families seeking more space, better schools, and amenities.

Downsizers

Attractive for affluent retirees seeking low-maintenance, amenity-rich living.

Investors

Best for long-term appreciation; moderate rental demand but limited cash flow.

Relocators

Highly attractive for California buyers and remote workers seeking lifestyle upgrade.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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