2026 Affordability Data
Most Affordable Neighborhoods in Elko - 2026 Data
The median home value in Elko is $275,600, near national avg. Median rent is $761/month. With an affordability index of 96, Elko is less affordable than the national baseline of 100. We ranked 14 neighborhoods by affordability to help you find the best value in the Elko, NV area.
Key Takeaways: Affordability in Elko
- 1The most affordable neighborhood in Elko is Sparks, with a median home value of $423,500.
- 2Elko's median home value is $275,600, near national avg (national: $281,900).
- 3Elko's affordability index is 96 (baseline 100), making it less affordable than the national average.
- 4Median rent in Elko is $761/month, 35% below nat'l avg (national: $1,163/month).
- 5We analyzed 14 neighborhoods in Elko to find the most affordable areas based on home values, rent, and affordability index.
Elko Affordability Overview
Median Home Value
$275,600
Near nat'l avg
Median Rent
$761/mo
35% below nat'l avg
Median Income
$85,000
14% above nat'l avg
Affordability Index
96
4% below nat'l avg
Most Affordable Neighborhoods in Elko (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | SparksNV | $423,500 |
| 2 | CarsonNV | $390,800 |
| 3 | FernleyNV | $328,900 |
| 4 | MesquiteNV | $333,400 |
| 5 | Boulder CityNV | $401,100 |
| 6 | HendersonNV | $390,000 |
| 7 | North Las VegasNV | $330,000 |
| 8 | Las VegasNV | $350,000 |
| 9 | West WendoverNV | $172,500 |
| 10 | YeringtonNV | $226,400 |
| 11 | ElyNV | $185,900 |
| 12 | WinnemuccaNV | $280,200 |
| 13 | RenoNV | $430,000 |
| 14 | FallonNV | $234,000 |
Detailed Neighborhood Profiles
Home Value: $423,500
Rent: $761/mo
Affordability: 96
Population: 108,025
Home Value: $390,800
Rent: $761/mo
Affordability: 96
Population: 58,249
Home Value: $328,900
Rent: $761/mo
Affordability: 96
Population: 23,035
4
Home Value: $333,400
Rent: $761/mo
Affordability: 96
Population: 20,659
5
Home Value: $401,100
Rent: $761/mo
Affordability: 96
Population: 14,868
6
Home Value: $390,000
Rent: $1,009/mo
Affordability: 81
Population: 320,189
Walk Score: 73/100
7
Home Value: $330,000
Rent: $917/mo
Affordability: 74
Population: 262,527
Walk Score: 65/100
8
Home Value: $350,000
Rent: $895/mo
Affordability: 37
Population: 641,903
Walk Score: 94/100
9
Home Value: $172,500
Rent: $770/mo
Population: 4,513
10
Home Value: $226,400
Rent: $736/mo
Population: 3,108
11
Home Value: $185,900
Rent: $982/mo
Population: 3,957
12
Home Value: $280,200
Rent: $899/mo
Population: 8,354
13
Home Value: $430,000
Rent: $854/mo
Population: 264,165
Walk Score: 97/100
14
Home Value: $234,000
Rent: $1,162/mo
Population: 9,243
Frequently Asked Questions About Affordability in Elko
What is the most affordable neighborhood in Elko, NV?▾
Based on 2026 data, Sparks is the most affordable neighborhood in Elko with a median home value of $423,500. Kurby analyzed 14 neighborhoods in the Elko area to compile these rankings.
What is the median home price in Elko, NV?▾
The median home price in Elko is $275,600, which is near national avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Elko affordable compared to the national average?▾
Elko has an affordability index of 96, which means housing is less affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Elko, NV?▾
The median monthly rent in Elko is $761. This is 35% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Elko?▾
The median household income in Elko is $85,000 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Elko are below the national average home price?▾
5 out of 14 ranked neighborhoods in Elko have a median home value below the national average of $281,900. The most affordable is West Wendover at $172,500 (Source: Kurby, 2026).