Elko, NV home prices
Typical home $368,751 · +2.3% in a year · income needed $99,500
The Elko, NV metro area ranks 195 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.3% in a year and +19.9% over five years. With 20% down at 7.11%, the typical home costs about $2,321 a month including 0.5% property tax (Elko County rate).
Mortgage on the typical Elko home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $73,750 | $295,001 | $1,984 | $0 | $336 | $2,321 | $99,500 |
| 10% down | $36,875 | $331,876 | $2,233 | $138 | $336 | $2,707 | $116,000 |
| 5% down | $18,438 | $350,314 | $2,357 | $146 | $336 | $2,839 | $121,700 |
| 3.5% down (FHA) | $12,906 | $362,072 | $2,436 | $163 | $336 | $2,935 | $125,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.5% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Elko area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Elko County, NV | $372,095 | +2.3% | 0.5% |
| Eureka County, NV | $146,498 | -1.5% | 0.62% |
What can you afford in Nevada on your salary? · Nevada home prices · Salaries in Nevada
Frequently asked questions
How much is a house in Elko?
The typical home in the Elko, NV metro area is worth $368,751 (Zillow, September 2026).
What salary do you need to buy a house in Elko?
About $99,500 a year for the typical home with 20% down at 7.11%.