Elko County, Nevada Housing Market Prices
Elko County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 36% below the Nevada median$229,762
-
Median rent 27% below the Nevada median$1,163
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Elko County | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $229,762 | $357,758 | $248,835 |
| Price Trend (Annual %) | 3.0% | 9.4% | 7.5% |
| Median Gross Rent | $1,163 | $1,597 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Elko County is about 36% lower than in Nevada. Rent is about 27% lower than the Nevada average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Elko County, up about 3.0% and 3.5% a year respectively. Rent is changing faster.
Median rent in Elko County rose about 30.1% between 2015 and 2024, from $894 to $1,163. Over the same span, rent in Nevada rose about 64.3%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Elko County.
Buying the median-priced home in Elko County costs roughly 16.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Elko County. The price-to-rent ratio in Nevada is about 18.7.
| Metric | Elko County | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $229,762 | $357,758 | $248,835 |
| Median Household Income | $85,196 | $78,637 | $80,455 |
| Price-to-Income Ratio | 2.7 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Elko County rose about 33.7%, while median household income rose about 32.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Elko County | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.1% | 54.4% | 58.5% |
| Rental Rate | 25.4% | 36.3% | 31.2% |
| Vacancy Rate | 11.5% | 9.3% | 10.2% |
| Median Tenure (years) | 14.0 | 12.0 | 15.0 |
| Median Year Moved In | 2012 | 2014 | 2011 |
Elko County has a homeownership rate of 63.1%, higher than the Nevada average of 54.4%. Its housing vacancy rate is 11.5%, compared with 9.3% in Nevada.
Housing Stock
| Metric | Elko County | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1989 | 1993 | 1978 |
| Median Number of Rooms | 5.3 | 5.3 | 5.5 |
The typical housing unit in Elko County was built around 1989. On average, 2.7 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Elko County, NV Housing Compared With Nearby Counties
How Elko County, NV compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Elko County, NV | 54,047 | $229,762 #1/2 | $1,163 #1/2 | 71.4% #2/2 |
| Twin Falls County, ID | 89,838 | $185,795 | $1,089 | 72.9% |
Frequently Asked Questions
Common questions about the housing market in Elko County, Nevada.
What is the median home price in Elko County, Nevada?
The median home price in Elko County, Nevada is $229,762, lower than the Nevada average of $357,758.
What is the average home price in Elko County, Nevada?
The typical home price in Elko County, Nevada, reported as the median sale price, is $229,762. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Elko County, Nevada?
The median gross rent in Elko County, Nevada is $1,163 per month, lower than the Nevada average of $1,597.
What was the median gross rent in Elko County in 2020?
In 2020, the median gross rent in Elko County, Nevada was $960 per month.
What is the price-to-rent ratio in Elko County, Nevada?
The price-to-rent ratio in Elko County, Nevada is about 16.5, meaning it would take roughly 16.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Elko County.
Are home prices or rent rising faster in Elko County, Nevada?
Both home prices and rent are rising in Elko County, up about 3.0% and 3.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Elko County, Nevada?
63.1% of households in Elko County, Nevada own their home, higher than the Nevada average of 54.4%.
What is the vacancy rate in Elko County, Nevada?
The housing vacancy rate in Elko County, Nevada is 11.5%, higher than the Nevada average of 9.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →