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These days, finding an affordable place to live in the Elko area can be challenging. Home prices in Elko are now at a median cost of $277,388, lower than the Nevada average of $441,980.
The average cost of rent is $1,290/mo in Elko, primarily driven by the current value of real estate in the Elko area. In Elko, 32.77% of households rent, and 42.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elko is $7,170 per month. Households that rent pay about 17.99% of their income on rent here. Elko’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Spring Creek, NV: higher priced homes
- Halleck, NV: less expensive homes
- Lamoille, NV: higher priced homes
- Carlin, NV: less expensive homes
- Ruby Valley, NV: equally priced homes
- Deeth, NV: equally priced homes
- Dunphy, NV: less expensive homes
- North Fork, NV: less expensive homes
- Wells, NV: less expensive homes
- Oasis, NV: less expensive homes
Cities with Similar Populations
- Albany, CA: higher priced homes
- Alexandria, MN: higher priced homes
- Allston, MA: higher priced homes
- Alta Loma, CA: higher priced homes
- Alvarado, TX: less expensive homes
- American Canyon, CA: higher priced homes
- Americus, GA: less expensive homes
- Amherst Center, MA: higher priced homes
- Amherst, OH: less expensive homes
- Antioch, IL: equally priced homes
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