Elko County, Nevada Housing Market
In Elko County, Nevada, the median home value is $301,400, with a median monthly rent of $1,164. This places Elko County at #616 nationally out of 3134 counties by median home value, and #8 within Nevada.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,283
- Establishments: 1,379
- BLS QCEW, 2025
Housing Supply
- Single-family: 118
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 21,305 (avg $83,611)
- Outflow: 19,607 (avg $85,987)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Elko County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 89801 | 261.6 | +2.68% | 2025 |
| 2 | 89815 | 299.5 | +7.74% | 2024 |
| 3 | 89883 | 208.9 | +21.41% | 2022 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Elko County Compares
| Metric | Elko County | Nevada Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $301,400 | $306,635 | $227,706 |
| Median Gross Rent | $1,164 | $1,169 | $968 |
| Owner Occupancy Rate | 71.4% | 73.0% | 73.3% |
| Price/Rent Ratio | 21.6 | 21.2 | 18.7 |
Market Analysis
The median home value in Elko County is 1.7% below the Nevada state average and 32.4% above the U.S. national average. The median rent of $1,164/month is about equal to the state average.
With a price-to-rent ratio of 21.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Elko County has an owner-occupancy rate of 71.4%, compared to 73.0% in Nevada and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Glynn County | Georgia | $301,300 | $1,135 |
| Brazoria County | Texas | $301,600 | $1,454 |
| Lancaster County | Pennsylvania | $301,100 | $1,357 |
| Union County | South Dakota | $301,100 | $1,069 |
| Leon County | Florida | $301,800 | $1,291 |
Other Counties in Nevada
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Nye County | $290,900 | $1,181 | 77.8% |
| Humboldt County | $278,300 | $994 | 74.0% |
| Churchill County | $329,900 | $1,319 | 69.9% |
| Lyon County | $366,100 | $1,326 | 76.7% |
| White Pine County | $220,000 | $937 | 75.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).