Is Elko, NV a good place to invest in rental property?

Elko, NV has a median modeled monthly cash flow of $-1,107 and a median cap rate of 3.0%, on a median sold price of $376,900. Prices changed +5.9% year over year.

What is the average cap rate in Elko, NV?

The median cap rate across recently sold homes in Elko, NV is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elko, NV?

The median sold price in Elko, NV is $376,900 (about $217 per square foot).

Investing in Elko, NV Real Estate

A data-driven snapshot of the Elko, NV rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$376,900Median sold price

$217Median $/sqft

3.0%Median cap rate

$-1,107Modeled cash flow / mo

+5.9%Appreciation YoY

5.3Months of supply

148Active listings

338Sold (last 12 mo)

What the Elko numbers say

In Elko, NV, the median home sold for $376,900 (about $217 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-1,107 of monthly cash flow. Sold prices moved +5.9% over the past year. Inventory sits at about 5.3 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Nevada markets to compare

See Elko cash-flowing listings

CashFlowRE ranks every for-sale home in Elko, NV by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Elko deals, or browse the national market data.