What is the median home price in Elko?

The median home price in Elko, Elko city, Nevada is $275,600, which is near the national average ($281,900).

Elko, Elko city, Nevada has a violent crime rate of 0.0 per 1,000 residents, which is 100% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 0.0 per 1,000 residents.

What is the median household income in Elko?

The median household income in Elko, Elko city, Nevada is $85,000, which is 14% above the national average of 74,580 ($74,580).

What is the average rent in Elko?

The median rent in Elko, Elko city, Nevada is $761 per month. The national average median rent is $1,163/month.

What is the air quality in Elko?

Elko, Elko city, Nevada has an Air Quality Index (AQI) of 46, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Elko?

The population of Elko, Elko city, Nevada is approximately 20,513. The homeownership rate is 59.0% (national average: 65.9%).

What are the climate risks in Elko?

Elko, Elko city, Nevada has an overall climate risk rating of "Relatively Low" with a risk score of 48.23. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Elko, Elko city, Nevada has an affordability index of 96, which is below the national baseline of 100, indicating less affordable housing. The electricity rate is 13.3¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Elko?

The unemployment rate in Elko, Elko city, Nevada is 4.5%. The national average unemployment rate is 3.7%. The poverty rate is 11.4% (national average: 12.4%).

Elko

Elko city, Nevada

About Elko

Alright, let's talk about Elko, Nevada. Imagine a place where you can stretch your dollar further than most of the country. Here, the cost of living is a breath of fresh air, with a median home value of around $275,600, significantly below the national average. You'll find a welcoming community vibe in Elko, where the focus is on enjoying the great outdoors and a relaxed pace of life. It's the kind of town where your neighbors are friendly, and you're always just a short drive from wide-open spaces. With a population just over 20,500, it’s big enough to have all the essentials, but small enough to feel like home.

From an investment standpoint, Elko presents a compelling case. The median household income is a robust $85,000, signaling a healthy local economy. While I don't have the exact unemployment rate at my fingertips, the strong income level suggests it's likely favorable. The housing market is stable, and the real estate landscape offers opportunities for both first-time buyers and seasoned investors. Crime rates in Elko are notably low, making it a safe place to raise a family or simply enjoy peace of mind. Elko is ideal for those seeking affordability, a tight-knit community, and a gateway to the natural wonders of Nevada.

Elko, Nevada at a Glance

Elko is a city in Elko city, Nevada with a population of approximately 20,513. The median home value is $275,600 and the median household income is $85,000.. The violent crime rate is 0.0 per 1,000 residents, which is 100% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Low." Median rent is $761 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.