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City · 20,696 residents · Elko County, Nevada

Elko , Nevada

In Elko, a typical home is worth $309,100 and typical rent is $1,267 a month. Compared with all of Elko County, typical rent is 9% higher, typical household income is 9% lower, and the share of households that own their home is 9 points lower.

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  • Typical home value

    $309,100

    3% above the county

    29% below Nevada

    • Elko
    • County
    • Nevada

  • Typical rent

    $1,267a month

    9% above the county

    21% below Nevada

    • Elko
    • County
    • Nevada

  • Typical household income

    $79,036a year

    9% below the county

    About the same as Nevada

    • Elko
    • County
    • Nevada

  • Households that own their home

    63%

    9 points below the county

    3 points above Nevada

    • Elko
    • County
    • Nevada

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$361,826
2.1% more than 12 months ago
Typical rent
$1,786 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Elko is in Elko County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Elko County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Elko apart

What this place has that others do not, from public data, most unusual first.

  1. Elko has the 2nd smallest share of rent-burdened renters of the 32 cities in Nevada with more than 5,000 people (34%).

  2. Nearby, in Winnemucca, the typical rent is $965: 24% less than in Elko ($1,267).

  3. Nearby, in Silver Springs, the typical home value is $244,400: 21% less than in Elko ($309,100).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Elko rose 2.1%; in Nevada, it fell 1.6%.

  5. 63% of households in Elko own their home, against 71% in Elko County.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Elko

What homes there are in Elko, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Elko, but it weighs less than in Elko County: 52% against 56%.

Year built

In Elko, half of the homes were built before 1988; in Elko County, before 1990.

In Elko, 15% of homes have 1 bedroom or none (studios); 56% have 3 bedrooms or more, against 68% in Elko County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Elko County is $541,287, and about 92% of owner-occupied homes in Elko are worth less than that.

Monthly rent with utilities

With a mortgage

$1,817 a month

Elko County: $1,811 a month

Without a mortgage

$532 a month

Elko County: $534 a month

Owners with a mortgage

56%

Elko County: 54%

In Elko, 56% of owners have a mortgage; their typical cost is $1,817 a month, about the same as in Elko County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Elko gained value more slowly than in Elko County: 33% since 2015–2019, against 42%.

The typical rent in Elko rose 24% since 2015–2019, about the same as in Elko County (22%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureElkoElko CountyNevadaUnited States
Rental vacancy Unreliable estimate8.5%6.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room 4.5%3.9%4.4%3.4%
People per household 2.662.712.622.53
Drive alone 63%63%71%69%
Carpool 19%17%11%9%
Public transit 11%10%2%3%
Walk or bike 3%4%2%3%
Work from home 3%5%12%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

More than one person per room: that is how 4.5% of households in Elko live, near the figure in Elko County (3.9%).

Much as in Elko County, a household in Elko has 2.66 people on average.

To get to work, 63% of workers in Elko drive alone; in Elko County, 63%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Elko?

A typical home costs more than the typical income allows

We start with a typical home in Elko, worth $309,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Elko, which is $79,036 a year. For that payment to be 28% of income, a household would need to earn about $104,241 a year.

The calculator's FHA and conventional loan limits are those of all of Elko County.

Your numbers

Local data
$

Starts at the typical home value in Elko. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $10,819 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,432

at 7.18% · 30 years

Loan amount
$303,501
Total interest
$436,667
Paid off in
November 2056

Includes $5,220 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,844 a month

  • Tight

    $1,844 to $2,371 a month

  • Hard

    more than $2,371 a month

    Your payment · 37%

Compared with the typical household income in Elko ($79,036 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,432
Principal & interest$2,056
Property tax$111
Home insurance$129
FHA mortgage insurance (MIP)$137

You need at least $10,819 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Elko and Elko County

Elko is in Elko County, Nevada. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Elko's own numbers

Typical home value
$309,100
Typical monthly rent
$1,267
Typical yearly household income
$79,036
Households that own their home
63%
Effective property tax rate
0.43%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Elko County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,400
Price change over 5 years (FHFA)
+37%
Homes in a high flood-risk zone
4.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Elko County.

Everything about Elko County

Buying

Buying a home in Elko

A typical home in Elko is worth $309,100: 3% above the county and 29% below Nevada. With the typical household income in Elko ($79,036 a year), a typical home costs 3.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Elko 3.9 years
  • County 3.5 years
  • Nevada 5.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Elko County

According to FHFA’s house price index, home prices in Elko County rose 51% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Elko County.

Period County Nevada U.S.
Last year (2025) +0.8% +2.2% +2.9%
5 years (2020–2025) +37% +49% +47%
10 years (2015–2025) +51% +121% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Elko next to Elko County, Nevada and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Elko $309,100
  • County $301,400
  • Nevada $435,400
  • United States $332,700
Typical monthly rent
  • Elko $1,267
  • County $1,164
  • Nevada $1,597
  • United States $1,413
Typical yearly household income
  • Elko $79,036
  • County $86,487
  • Nevada $78,260
  • United States $80,734
See the full table
Elko next to Elko County and Nevada
Measure Elko Elko County Nevada U.S.
Typical home value $309,100 $301,400 $435,400 $332,700
Typical monthly rent $1,267 $1,164 $1,597 $1,413
Typical yearly household income $79,036 $86,487 $78,260 $80,734
Households that own their home 63% 71% 60% 65%
Typical yearly property tax $1,344 $1,492 $2,027 $3,119
Effective property tax rate 0.43% 0.5% 0.47% 0.94%
Renters with high rent for their income 34% 37% 56% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Elko County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Elko

For a typical $309,100 home in Elko, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Elko's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,432a month

    Least cash to close
    Down payment
    $10,819
    Cash to close
    $20,092
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $137

  • Conventional, 5% down $2,376a month

    Down payment
    $15,455
    Cash to close
    $24,728
    Rate
    7.18%
    Mortgage insurance
    PMI · $147

  • Conventional, 20% down, no PMI $1,915a month

    Down payment
    $61,820
    Cash to close
    $71,093
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,200a month

    Down payment
    $46,365
    Cash to close
    $55,638
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Elko and for Elko County.

Property tax

Effective rate in Elko

0.43%of the home’s value each year

$1,344 a year for the typical owner in Elko.

  • Elko 0.43%
  • County 0.5%
  • Nevada 0.47%

What Nevada publishes 3 percent cap on the yearly tax increase for your primary residence (Nevada Legislature (Nevada Revised Statutes))

Exemptions and deadlines in Nevada

Flood risk in Elko County

FEMA does not publish these numbers by city: they are for all of Elko County.

Homes in the high-risk zone
4.7%
1,002
Of those, with NFIP insurance
8.3%
County Nevada U.S.
Homes in the high-risk zone 4.7% 2% 3.5%
Of those, with NFIP insurance 8.3% 30% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Elko

Typical rent in Elko is $1,267 a month: 9% above the county. In Elko, 34% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Elko County, by unit size. To pay the 2-bedroom one ($1,400 a month) without spending more than 30% of your income, you would need to earn $26.92 an hour working full time.

HUD fair market rent for all of Elko County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,045 $20.10 $41,800
1 bedroom $1,070 $20.58 $42,800
2 bedrooms $1,400 $26.92 $56,000
3 bedrooms $1,842 $35.42 $73,680
4 bedrooms $2,340 $45.00 $93,600

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Elko

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Elko is in ZIP code 89801.

For 2 bedrooms it is $1,420: $20 more than the fair market rent for Elko County ($1,400).

  • 89801 $1,420$1,870

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Elko when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Elko

HUD lists 9 buildings with rents for lower incomes in Elko. These are the largest.

  • Quail Run at River's Edge 610 S 12th St, Elko 89801 60 low-income homes · 2 bd: 20 · In service since 2007 · For families
  • Sage West I & II 1002 W Sage St, Elko 89801 55 low-income homes · Studio: 1 · 1 bd: 32 · 2 bd: 33 · In service since 2013 · For families
  • Cimarron Village 550 Cimarron Way, Elko 89801 48 low-income homes · 1 bd: 48 · In service since 2006 · For older adults
  • Green Acre Park Apartments 851 Court St, Elko 89801 40 low-income homes · For older adults (775) 738-8364
  • Winchester Court 1806 Winchester Dr, Elko 89801 40 homes, 30 low-income · 2 bd: 30 · 3 bd: 17 · In service since 2015

See all 14 buildings in Elko County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Elko

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Elko County. The nearest ones are below; many serve by phone or online.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Elko

No down payment, repair or rent-help program on our list is for Elko or Elko County. The ones below are statewide in Nevada: they work in Elko the same as in the rest of the state.

Which programs do I qualify for? All programs in Nevada

  • Home Is Possible

    Statewide in Nevada

    Nevada Housing Division program: up to 5% of the loan for the down payment or closing costs, with no first-time buyer requirement. Offered by Nevada Housing Division.

    Type not stated

    See the program Official page

  • Home Is Possible For First-Time Homebuyers

    Statewide in Nevada

    Nevada Housing Division program for first-time buyers: a 30-year mortgage with interest-free help for the down payment and closing costs of up to 4% of the loan, which is not forgiven. Offered by Nevada Housing Division.

    Type not stated

    See the program Official page

  • Home Is Possible For Teachers

    Statewide in Nevada

    $7,500 from the Nevada Housing Division for public school teachers, for the down payment and closing costs; forgiven after five years if you still live in the home. Offered by Nevada Housing Division.

    Forgivable

    See the program Official page

Housing counselors near Elko

The HUD-approved agencies closest to the center of Elko, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Nevada Partners, Inc.

    690 W Lake Mead Blvd, North Las Vegas · 322 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (702) 844-8000

  • Neighborhood Housing Services of Southern Nevada

    1849 Civic Center Dr, North Las Vegas · 323 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (702) 649-0998

  • Community Services of Nevada (CSNV)

    500 N Rainbow Blvd, Las Vegas · 323 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (702) 307-1710

All counseling agencies in Nevada

Help in Spanish near Elko

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Elko

HUD lists no housing authority with an office in Elko County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Nevada Source: HUD

Cities

Other cities in Elko County

These cities are also in Elko County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Elko County Housing in Nevada

Nearby cities

The cities closest to Elko, with the typical home value.

Neighboring counties

If Elko County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Elko.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Elko

Short answers with the numbers for Elko and all of Elko County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Elko?

The typical home value in Elko is $309,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Elko County it is $301,400.

How much does it cost to rent in Elko?

Typical rent in Elko is $1,267 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Elko County is $1,400.

What is the FHA loan limit in Elko?

Elko uses the FHA limit for all of Elko County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Elko?

The typical homeowner in Elko pays $1,344 a year, according to the U.S. Census Bureau. That is 0.43% of the home’s value; in Elko County, the rate is 0.5%.

Where can I find free help to buy or rent in Elko?

We found no HUD-approved counseling agencies with an office in Elko County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).