Median Home PriceBETTER
$359,077.6
Median RentBETTER
$1,501.25/mo
Price-to-Rent RatioBETTER
19.9
Property Tax RateTIE
0.60%
Price Change (1Y)BETTER
+2.7%
Price Change (5Y)BETTER
+13.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$174,793
Median Home Price
$553,733.17
Median Rent
$1,929.14/mo
Price-to-Rent Ratio
23.9
Property Tax RateTIE
0.60%
Price Change (1Y)
-0.1%
Price Change (5Y)
-0.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$361,696
Key Differences
Home Prices
Elko's median home price of $359,077.6 is lower than Reno's $553,733.17 by 35%.
Monthly Rent
Renting in Elko costs $1,501.25/mo compared to $1,929.14/mo in Reno—a difference of $427.89/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.