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These days, finding an affordable place to live in the Wells area can be challenging. Home prices in Wells are now at a median cost of $178,107, lower than the Nevada average of $441,980.
The average cost of rent is $1,389/mo in Wells, primarily driven by the current value of real estate in the Wells area. In Wells, 32.58% of households rent, and 53.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wells is $8,818 per month. Households that rent pay about 15.75% of their income on rent here. Wells’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oasis, NV: higher priced homes
- Cobre, NV: higher priced homes
- Deeth, NV: higher priced homes
- Wilkins, NV: higher priced homes
- Halleck, NV: higher priced homes
- Lamoille, NV: higher priced homes
- Spring Creek, NV: higher priced homes
- Montello, NV: higher priced homes
- Elko, NV: higher priced homes
- Ruby Valley, NV: higher priced homes
Cities with Similar Populations
- Humboldt, IL: less expensive homes
- Phelps, WI: higher priced homes
- Perkinsville, VT: higher priced homes
- Patton Village, TX: higher priced homes
- Palm Beach Shores, FL: higher priced homes
- Paden, OK: less expensive homes
- Leaf River, IL: equally priced homes
- Laurel Springs, NC: higher priced homes
- Lake Waukomis, MO: higher priced homes
- La Crosse, KS: less expensive homes
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