The housing market in Elko, NV stands out among other areas of the U.S., with a median value of $301,300 compared to the U.S. House Median Value of $338,100. In addition, Elko has seen a higher increase in house appreciation over the last year at 9.12%, compared to the U.S.'s 8.27%. This is indicative of a healthy and prosperous housing market in Elko and suggests that now may be a good time for people interested in buying real estate in the area to make their move.
The median home cost in Elko is $301,300. Home appreciation the last 10 years has been 164.4%. Home Appreciation in Elko is up 13.9%.
Average Age of Homes
- The median age of Elko real estate is 33 years old
The Rental Market in Elko
- Renters make up 32.3% of the Elko population
- 4.4% of houses and apartments in Elko, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.