Elko, NV

Real estate in Elko, Nevada is a booming industry. The city has a population of just over 36,000 people and there is plenty of demand for housing. The median home price in Elko was $227,500 as of September 2017. This is significantly higher than the national median home price of $181,900.

One reason for the high prices in Elko is the limited supply of homes available. The city has only about 2,000 homes available for sale, which is less than one-third the number of homes that are available in Las Vegas. In addition, many homes in Elko are owned by investors who are looking to sell quickly and make a large profit. This means that there are often no takers when houses go on sale and the prices quickly rise to astronomical levels.

Despite the high prices, there are still many opportunities for buyers in Elko. The city has a population that is growing rapidly and new businesses are opening every day. There also seems to be a shortage of housing units available even though more people are moving into town each year. This suggests that there may be room for growth in the real estate market if buyers can find properties that fit their needs at reasonable prices.