Elko housing market
Typical home value
$369K
▲ 2.3% 1 yr
Typical rent
$1,698/mo
▲ 6.7% 1 yr
12-month forecast
+2.9%
#155 of 546 metros
Gross rent yield
5.5%
#339 of 546 · U.S. 6.3%
Days to pending
46 days
▼ −4 days 1 yr
Listings with a price cut
20%
▲ +1.9 pts 1 yr
Key takeaways
- 1The typical home is worth $368,751, up 2.3% in a year and up 20% over five years.
- 2Zillow forecasts home values rising 2.9% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,698/mo (+6.7% YoY), a 5.5% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,026/mo in principal and interest, $328 more than renting.
- 5Homes go under contract in 46 days (−4 days vs last year); 20% of listings have had a price cut.
Market temperature
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 59/100, #48 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Elko compares
| Measure | Elko | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.3% | +1.2% | #265 |
| Home value, 5-yr change | +19.9% | +19.7% | |
| 12-month forecast | +2.9% | +1.1% | #155 |
| Rent, 1-yr change | +6.7% | +2.7% | #60 |
| Gross rent yield | 5.5% | 6.3% | #339 |
| Price-to-rent ratio | 18.1 | 15.8 | |
| Mortgage P&I on typical home | $2,026 | $2,012 | |
| Days to pending | 46 | 56 |
Run the numbers
Rental property calculator
Cash flow on a typical Elko rental ($369K, $1,698/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Elko home.
Rent vs buy
Is it cheaper to rent or buy in Elko?
Other Nevada metros
Las Vegas, NV
$423K home$1,732 rent4.9% yield
▼ 2.6% 1 yr
Reno, NV
$570K home$2,069 rent4.4% yield
▲ 2.1% 1 yr
Fernley, NV
$421K home$2,095 rent6.0% yield
▲ 3.7% 1 yr
Carson City, NV
$494K home$2,070 rent5.0% yield
▲ 1.0% 1 yr
Pahrump, NV
$355K home$1,471 rent5.0% yield
▲ 0.7% 1 yr
Gardnerville Ranchos, NV
$704K home$2,616 rent4.5% yield
▲ 2.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.