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Elko County, NV

RANK #226 / 996  ·  POP 53,600  ·  NV

PROJECTED GROWTH: +1.9%

Elko County combines solid growth with real affordability — a rare combination.

[01] Why Elko County?

Elko County, Nevada, is a vast expanse in the northeastern part of the state, known for its dramatic Ruby Mountains, often called the "Alps of Nevada." These glacially carved peaks offer year-round outdoor recreation, including hiking to alpine lakes, fishing in numerous streams and reservoirs, and winter sports like snowmobiling and cross-country skiing. The county seat, Elko, is approximately 240 miles west of Salt Lake City and 300 miles east of Reno, with Interstate 80 providing a direct route. The community maintains a distinct Western heritage, evident in events like the National Cowboy Poetry Gathering.

Life in Elko County offers a blend of small-town atmosphere and access to outdoor activities. The Elko County School District serves nearly 10,000 students across 22 schools. Public transportation, known as GET My Ride, operates in Elko, Spring Creek, and other communities, offering demand-response services. The economy is largely driven by the gold mining industry, with major companies having a presence in the region. Beyond mining, the county has seen recent investment in technology sectors, including data storage facilities. Ranching and tourism also contribute to the local economy.

[02] Market Snapshot

Housing Ratio
4.9x

Above national median (4.7x)

GDP Growth
+9.9%

Well above national median

Home Prices
+1.2%

Below national median

Climate & Terrain
2.0

Moderate climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 4.9x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Elko County U.S. National

The Numbers

DEMOGRAPHICS
Population
53,600
+0.34% YoY
Median Household Income
$87,755
Median Home Value
$274,200
+1.16% 12mo
Median Rent
$1,077
Average Annual Pay
$64,165
+1.5% YoY
Employment
22,205
-0.9% YoY
Income-to-Home-Value
0.32
More affordable than average
Migration Inflow
2.91%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$390,950
Days on Market
72
Slower market
Months of Supply
3.1
Balanced market
Sale-to-List Ratio
97.8%
Negotiation room for buyers
Sold Above List
18.4%
Listings w/ Price Drops
17.6%
Building Permits (2024)
122
Single-Family Permits
122

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$600M
TOTAL
PROJECT AMOUNT STATUS
BluSky Wells Data Center
BluSky AI
$500M Planned
Amazon Delivery Station
Amazon
$50M Planned
New Residential Construction (Multiple Developments)
Various (e.g., Koinonia Construction Inc., Beck Built Homes)
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +9.9% 98 percentile
Population Growth +0.3% 44 percentile
Income Growth +6.4% 11 percentile
Vacancy Rate 1.9% 10 percentile
Home Price Change +1.2% 48 percentile
Rent Growth +11.2% 98 percentile
Price/Rent 14x 42 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Elko County, NV a good place to move to?

Elko County has a Boom Town Index score of 77/100, ranking #226 among 996 U.S. counties. With job growth at -0.9% and a median household income of $87,755, it's an above-average county on economic indicators.

Is Elko County affordable?

The median home value in Elko County is $274,200 with median rent at $1,077/month. The income-to-home-value ratio is 0.32, which is more affordable than the national average.

Is Elko County growing or shrinking?

Population growth: +0.3% year-over-year. Job growth: -0.9%. Home values changed +1.2% in the past 12 months.

Are people moving to Elko County?

Yes — 2.91% of Elko County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

St. Louis County, MN 87 Delaware County, IN 87 Huron County, OH 87 Sandusky County, OH 87 Strafford County, NH 87 Sauk County, WI 87 Ocean County, NJ 87 Stark County, OH 87