Home values and rents: available snapshot
Only one observation is stored for Elko, NV. A historical trend cannot be calculated from this snapshot.
- Typical home value (ZHVI)
- $368,280
- Source period: 2026-05-31
- Monthly rent index (ZORI)
- $1,573
- Source period: 2026-05-31
Stored snapshot: 2026-06-29. Source dates describe the underlying observations, not today’s market.
Quick Investment Calculator
Purchase
Monthly Cash Flow
* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.
Score Breakdown
Based on 5.13% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.
Based on 1.0% YoY price growth. Moderate growth (3-8%) scores highest.
Based on 0.0% population growth. Growing areas indicate economic stability.
Based on price relative to estimated local incomes.
Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.
Investment Outlook
Strengths
- +Low unemployment (0.0%)
Challenges
- -Below-average rent-to-price ratio (5.13%)
- -Negative cash flow at typical financing (-$908/mo)
- -Negative leverage (cap rate 3.3% < mortgage rate 6.9%)
Counties in Elko, NV
Compare to Similar Metros
| Metro Area | Verdict | ||||||
|---|---|---|---|---|---|---|---|
Columbus, MS Columbus, MS | 73 | $190,558 | $1,391 | 8.76% | Buy | View | |
Salina, KS Salina, KS | 73 | $180,234 | $1,044 | 6.95% | Buy | View | |
Marion, IN Marion, IN | 73 | $156,372 | $886 | 6.80% | Buy | View | |
Oneonta, NY Oneonta, NY | 73 | $216,762 | $1,479 | 8.19% | Buy | View | |
Fairmont, WV Fairmont, WV | 73 | $169,410 | $1,148 | 8.13% | Buy | View | |
Current Elko, NV | 53 | $368,280 | $1,573 | 5.13% | Hold |
Rent vs buy in this metro
The Bottom Line
The Elko, NV metro area scores 53/100, ranking #679 of 894 US metros (top 76%). The 5.13% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.