Elko Metro Area, NV Housing

The housing market in the Elko, NV Metro Area is quite strong compared to the U.S. average. The median value of a house in this area is $314,200, compared to the U.S. median value of $338,100. Furthermore, in the past year, house appreciation in this area has been an impressive 10.26%, which is significantly higher than the average 8.27% appreciation across America. With such a large increase in value and prices that are still relatively affordable for the area, Elko is a great place to look for housing investments or to settle down for long-term residency.

The median home cost in Elko Metro Area is $314,200. Home appreciation the last 10 years has been 164.4%. Home Appreciation in Elko Metro Area is up 13.9%.

Average Age of Homes

- The median age of Elko Metro Area real estate is 29 years old

The Rental Market in Elko Metro Area

- Renters make up 25.2% of the Elko Metro Area population
- 3.2% of houses and apartments in Elko Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Elko, Nevada	United States
	22,624.0	139,647,020.0
	32	42
	$314,200	$338,100
	13.9%	16.6%
	69.5%	57.0%
	164.4%	101.1%
	$5.63	$10.98
	$1,304	$2,690
	57.9%	57.4%
	15.3%	11.2%
	26.9%	31.4%
Vacant Housing
	3.2%	1.9%
	0.4%	0.4%
	0.5%	0.7%
	0.6%	0.4%
	3.8%	3.6%
	6.8%	4.1%
Value of Owner-Occupied Housing
	6.0%	2.6%
	2.5%	2.4%
	3.0%	2.8%
	1.3%	3.9%
	2.2%	4.5%
	9.2%	11.3%
	14.0%	13.0%
	34.0%	20.1%
	16.7%	13.6%
	5.2%	8.3%
	2.7%	9.7%
	2.5%	3.9%
	0.1%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	12.0%	13.6%
	12.0%	13.6%
	23.1%	13.6%
	25.7%	13.2%
	11.9%	14.8%
	23.1%	13.6%
	2.9%	10.0%
	2.4%	4.7%
	6.0%	12.2%

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