Elko, Nevada.
Typical home $361,826 (+2.1% in a year), asking rent $1,786 . Elko, NV metro.
to buy the typical home at today's mortgage rate — +$922 (+94%) since Jan 2020.
- 1 year
- Up $7,373 +2%
- $354,453$361,826 since Sep 2025
- 5 years
- Up $62,599 +21%
- $299,226$361,826 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Elko$1,899
- Nevada$2,313
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Elko, NV rose 2.1% over the past year — faster than the nation's +1.2%.
Living in Elko, Elko County, Nevada
Elko is a city of 20,564 people in Elko County. Half its households earn more than $79,036 a year and half less, against $86,487 across Elko County; 14% of its people live below the poverty line. 63% of its homes are lived in by their owners and 37% are rented. Unemployment in Elko County was 2.8% in August 2026, and the county had 1.5% more jobs in 2025 than the year before. The most residents work in farming, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Elko is a small city in northeastern Nevada and the largest town in Elko County. Its residents are younger than in much of the country, and few adults hold a four-year degree. Incomes run below the county's, while most homes are lived in by their owners. Winters are cold and snowy, with January the coldest month, and summers are hot and dry, with July the warmest.
Work. Many residents work in farming, forestry and mining, and many more in schools, hospitals and social care, in restaurants, hotels and entertainment, and in shops. Among the biggest workplaces in Elko are Elko Schools, Great Basin College and Northeastern Nevada Regional Hospital. Unemployment across the county is lower than a year ago, and the county has added jobs. Few people work from home, and the typical commute is a moderate one.
Things to do. The South Fork Humboldt River is a short drive away, and the North Fork Humboldt River lies a longer drive out. South Fork State Recreation Area, a protected area, is also a longer drive away, and Island Lake is a lake reached by a longer drive as well.
Report a mistake
- 7,608households
- 17%of adults have a degree
- 14%below the poverty line
- 27 mintypical commute
- 3%work from home
What residents work in
Employed residents by industry, from the Census survey. Elko County had 22,540 jobs in 2025, 1.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 38° and lows near 16°; warmest in July, with highs near 92° and lows near 52°. About 41 inches of snow and 10 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Elko Regional Airport weather station, a mile away (NOAA).
Largest workplaces in Elko
- Elko SchoolsSchool district976FTE
- National EWPDrilling water wells486
- Great Basin CollegeUniversity or college411
- WalmartWarehouse clubs and supercenters339
- RAM EnterpriseConveyor belts, rubber, manufacturing324
- Northeastern Nevada Regional HospitaGeneral hospital203FTE
- Sandvik ElkoMining machinery and equipment repair and maintenance services203
- Gold Dust West ElkoCasino hotels144
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 19 workplaces with 20 or more staff, 2,447 people in all. School districts come from the Common Core of Data (NCES, 2023–24), colleges from IPEDS (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- WildfireVery high
- Winter weatherRelatively high
- EarthquakesRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Elko’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Elko County and the Elko, NV metro.
Elko home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Elko$361,826
- Nevada$440,739
- United States$366,157
Sellers are cutting prices on about 1 in 7 Elko listings, and the typical home goes pending in 11 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Elko15.31%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Elko78
New listings per month
Sellers arriving at the market.
- Elko25
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Elko$352,438
- United States$370,717
Zip codes with a Elko address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Elko — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.