Located at the foot at the Sierra Nevada Mountains is the city of Reno, Nevada, which is often referred to as the “Biggest Little City in the World.” It is well known across the world for well-known casinos like Harrah’s and John Ascuaga’s Nugget, but it is much more than just an excellent tourist attraction. This city has much to offer homeowners today, which is why many people are considering rent to own homes in Reno NV. Here is a closer look at the economy, education, the climate and other information that is important when considering homes rent to own within the Reno area.
Reno Local Economy and Job Outlook
The local economy within Reno is a mixed bag, bringing with it both some pros and cons. One thing that keeps the economy going is the excellent benefits offered in the area, since Reno has no personal income, franchise, inventory or corporate taxes.
Tourism is still a big business within the area, which helps give the economy a boost. Since the area is such a great place to do business, many top companies have moved into the region or expanded into the area, including Microsoft Licensing, Amazom.com, Michelin North America, John Deere Company and more. Some of the area’s top employers include the University of Nevada, Reno, Washoe County and Renown Regional Medical Center.
While these things work to boost the economy, there are some drawbacks to consider for those looking for rent to own homes in Reno NV. Currently, the unemployment rate is at 11.60%, which is substantially higher than the national unemployment average. Jobs in the area have been decreasing, making it difficult to find a job in the country-wide economic downturn. However, the cost of living in Reno is significantly lower, which is beneficial to those who move to the area.
Education in Reno
Those who rent to own homes in Reno NV with children in the home will find that many educational options are available for their children. A variety of public high schools, middle schools and elementary schools are available in Reno. For parents who prefer other options for their children, many charter schools can be found and a few private schools are available as well. This gives families a wide choice when focusing on the educational future of their children.
For those interested in continuing their education after high school, several options are available. The University of Nevada, Reno is one of those options, and there are community colleges and other colleges and universities are located in the area as well.
Temperate Climate of Reno
The temperate climate of the city is very attractive to those considering rent to own homes in Reno NV. The city is located at 4500 feet altitude and sees average lows in the 20s during the winter, with summer highs reaching the 90s. The area enjoys low humidity and the sun shines an average of 300+ days each year. Those who enjoy blue, sunny skies, warm days and cool, crisp nights are sure to appreciate the climate offered in Reno.
Currently Reno has a population of over 225,000 people and that number is continuing to grow. The area has much to offer, which is why many people are looking for rent to own homes in Reno NV. It’s easy to see why this city was voted as the 9th best place to live in the United States back in 2005. Although home values have fallen within the past few years, the area still has much to offer individuals looking for a friendly city with excellent educational options and a great climate to enjoy.