Elko Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Elko averaged 7.16% for the week of 2023-11-22, compared to the national average of 7.29% for the same period.

    The average rate for the prior week (2023-11-16) was 7.11% and one month ago for the week of 2023-10-19, the average rate was 7.4%.

    Elko's average rate one year ago was 6.58%.

    For refis of the same type during the week of 2023-11-22, the average rate was 6.31%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-22 7.29%
    Elko 30 Year Fixed Rate 2023-11-22 7.16%
    Elko 30 Year Fixed Rate Refi 2023-11-22 6.31%
    Elko 15 Year Fixed Rate 2023-11-22 6.47%
    Elko 15 Year Fixed Rate Refi 2023-11-22 6.77%
    Elko 30 Year FHA 2023-11-22 -0.14%
    Elko 30 Year FHA Refi 2023-11-22 -0.2%
    Elko 30 Year USDA 2023-11-22 0.2%
    Elko 30 Year USDA Refi 2023-11-22 -0.1%
    Elko 30 Year VA 2023-11-22 -0.32%
    Elko 30 Year VA Refi 2023-11-22 -0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Elko, NV.

    Elko Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Elko, NV market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 131 5.03% $8,666
    QUICKEN LOANS, LLC 66 4.95% $7,495
    BROKER SOLUTIONS, INC. 39 5.19% $9,714
    ACADEMY MORTGAGE CORPORATION 36 5.10% $7,572
    CMG MORTGAGE, INC. 29 5.52% $6,720
    GREATER NEVADA LLC 23 4.88% $4,571
    Wells Fargo Bank 23 4.70% $5,863
    Zions Bank 18 4.70% $3,554
    U.S. Bank 15 4.12% $2,732
    CRESCENT MORTGAGE COMPANY 13 4.20% $6,442
    CITYWIDE HOME LOANS, LLC 11 5.26% $10,106
    UNITED WHOLESALE MORTGAGE, LLC 9 5.08% $6,237
    Mr. Cooper ( Nationstar Mortgage ) 8 4.93% $8,679
    FREEDOM MORTGAGE CORPORATION 7 3.91% $6,130
    AMERISAVE MORTGAGE CORPORATION 7 4.14% $8,492
    UNITED 7 5.11% $4,917
    MOVEMENT MORTGAGE, LLC 7 4.26% $5,250
    LOANDEPOT.COM, LLC 7 4.21% $8,951
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.00% $7,068
    PENNYMAC LOAN SERVICES, LLC 5 4.22% $6,630
    Operating Engineers Local Union #3 5 4.23% $3,415
    SECURITYNATIONAL MORTGAGE COMPANY 4 5.31% $6,790
    PACIFIC RESIDENTIAL MORTGAGE, LLC 4 6.44% $8,940
    FINANCE OF AMERICA MORTGAGE LLC 4 4.09% $4,478
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 4.75% $9,653
    Flagstar Bank, FSB 4 4.81% $3,677
    21ST MORTGAGE CORPORATION 3 7.40% $5,652
    CALIBER HOME LOANS, INC. 3 5.38% $3,790
    MOUNTAIN AMERICA 3 5.46% $6,954
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 5.58% $10,611
    ZILLOW HOME LOANS, LLC 2 4.50% $4,392
    RESIDENTIAL BANCORP 2 3.43% $3,926
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.13% $5,195
    NEWREZ LLC 2 3.75% $5,828
    Washington Federal Bank 2 5.00% $6,523
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 4.38% $5,384
    Northpointe Bank 2 3.69% $17,321
    FIRST COLONY MORTGAGE CORPORATION 2 5.63% $8,166
    JPMorgan Chase Bank 1 5.75% $3,224
    KELLER MORTGAGE, LLC 1 3.38% $2,995
    LADERA LENDING, INC. 1 4.88% $3,595
    LAKEVIEW LOAN SERVICING, LLC 1 5.88% $5,568
    MANN FINANCIAL INC. 1 5.00% $4,847
    MID AMERICA MORTGAGE, INC. 1 7.13% $4,659
    Carrington Mortgage Services, LLC 1 3.75% $7,814
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $2,589
    NBKC BANK 1 5.50% $10,340
    North American Savings Bank, F.S.B. 1 5.13% $595
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.25% $10,881
    CARDINAL FINANCIAL 1 4.38% $4,428
    CALCON MUTUAL MORTGAGE LLC 1 3.38% $4,545
    Cache Valley Bank 1 5.63% $3,370
    PENTAGON FEDERAL CREDIT UNION 1 4.88% $2,872
    PNC Bank 1 3.38% $2,417
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 4.25% $6,738
    American Bank and Trust Company 1 3.63% $4,387
    BNC National Bank 1 3.38% $5,124
    Prosperity Home Mortgage, LLC 1 5.38% $3,148
    BAY EQUITY LLC 1 4.38% $4,775
    S1L, Inc. 1 5.13% $7,478
    Bank of Idaho 1 4.63% $12,189
    SUMMIT FUNDING, INC. 1 5.50% $7,345
    The Federal Savings Bank 1 5.38% $16,015
    Umpqua Bank 1 5.63% $10,020
    Bank of England 1 5.88% $21,451
    Bank of America 1 4.38% $4,476
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.00% $5,457
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.38% $4,054
    Flanagan State Bank 1 6.88% $4,701
    First National Bank of America 1 7.74% $9,469
    Great Southern Bank 1 5.00% $3,711
    GUARANTEED RATE, INC. 1 5.75% $6,343
    FBC MORTGAGE, LLC 1 4.99% $8,583
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 4.24% $7,482
    HOME POINT FINANCIAL CORPORATION 1 3.75% $6,301
    HOMEXPRESS MORTGAGE CORP. 1 5.38% $9,275
    INTERCAP LENDING INC. 1 4.38% $4,545

    Elko Average Closing Costs & Other Stats

    Elko, NV's 77 lenders originated 1,293 loans during 2022. The total origination value was $345,125,000, with an average loan value of $266,918.

    Elko's average closing costs are $6,456.

    The top Elko lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 131 loans originated. Their average total fees are $8,666, which is $1,171 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Elko lenders (with over 10 loans originated) are U.S. Bank ($2,732), Zions Bank ($3,554), GREATER NEVADA LLC ($4,571), Wells Fargo Bank ($5,863) and CRESCENT MORTGAGE COMPANY ($6,442).

    The lowest rate Elko lenders (with over 10 loans originated) are U.S. Bank (4.12%), CRESCENT MORTGAGE COMPANY (4.20%), Wells Fargo Bank (4.70%), Zions Bank (4.70%) and GREATER NEVADA LLC (4.88%).

    Elko, NV Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    GUILD MORTGAGE COMPANY $117,190,000 $62,945,000 -46.3% 18.2%
    BROKER SOLUTIONS, INC. $41,300,000 $30,240,000 -26.8% 8.8%
    QUICKEN LOANS, LLC $68,080,000 $27,295,000 -59.9% 7.9%
    CMG MORTGAGE, INC. $31,805,000 $23,355,000 -26.6% 6.8%
    ACADEMY MORTGAGE CORPORATION $21,330,000 $19,300,000 -9.5% 5.6%
    GREATER NEVADA LLC $13,680,000 $14,320,000 4.7% 4.1%
    Arbor Realty Trust, Inc. $12,915,000 n/a 3.7%
    Wells Fargo Bank $18,630,000 $9,520,000 -48.9% 2.8%
    Zions Bancorporation, N.A. $6,870,000 $8,045,000 17.1% 2.3%
    FREEDOM MORTGAGE CORPORATION $27,015,000 $7,160,000 -73.5% 2.1%
    MOVEMENT MORTGAGE, LLC $27,340,000 $6,510,000 -76.2% 1.9%
    CITYWIDE HOME LOANS, LLC $9,630,000 $6,455,000 -33.0% 1.9%
    Mortgage Research Center, LLC $5,000,000 $5,975,000 19.5% 1.7%
    U.S. Bank $16,740,000 $5,835,000 -65.1% 1.7%
    ISERVE RESIDENTIAL LENDING, LLC $5,715,000 $5,430,000 -5.0% 1.6%
    UNITED WHOLESALE MORTGAGE, LLC $3,500,000 $5,265,000 50.4% 1.5%
    CRESCENT MORTGAGE COMPANY $7,500,000 $4,045,000 -46.1% 1.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,765,000 $3,570,000 102.3% 1.0%
    AMERISAVE MORTGAGE CORPORATION $8,610,000 $3,410,000 -60.4% 1.0%
    PENNYMAC LOAN SERVICES, LLC $13,490,000 $3,375,000 -75.0% 1.0%
    LOANDEPOT.COM, LLC $13,130,000 $3,270,000 -75.1% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $4,695,000 $3,200,000 -31.8% 0.9%
    PACIFIC RESIDENTIAL MORTGAGE, LLC $2,925,000 n/a 0.8%
    UNITED $1,420,000 $2,515,000 77.1% 0.7%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,560,000 $2,160,000 38.5% 0.6%
    LENDINGHOME FUNDING CORPORATION $955,000 $2,120,000 122.0% 0.6%
    Washington Federal Bank $305,000 $2,005,000 557.4% 0.6%
    FIRST COLONY MORTGAGE CORPORATION $9,555,000 $1,770,000 -81.5% 0.5%
    The Federal Savings Bank $1,380,000 $1,725,000 25.0% 0.5%
    FINANCE OF AMERICA MORTGAGE LLC $10,720,000 $1,715,000 -84.0% 0.5%
    NAVY FEDERAL CREDIT UNION $1,830,000 $1,710,000 -6.6% 0.5%
    CALIBER HOME LOANS, INC. $1,850,000 $1,680,000 -9.2% 0.5%
    Rock Canyon Bank $1,620,000 n/a 0.5%
    Operating Engineers Local Union #3 $1,655,000 $1,575,000 -4.8% 0.5%
    MOUNTAIN AMERICA $1,790,000 $1,510,000 -15.6% 0.4%
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY $1,505,000 n/a 0.4%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $1,030,000 $1,405,000 36.4% 0.4%
    Northpointe Bank $960,000 $1,295,000 34.9% 0.4%
    CITY FIRST MORTGAGE SERVICES, L.L.C. $1,280,000 n/a 0.4%
    Flagstar Bank, FSB $3,075,000 $1,235,000 -59.8% 0.4%
    AMERICA FIRST $1,990,000 $1,200,000 -39.7% 0.3%
    Glacier Bank $235,000 $1,125,000 378.7% 0.3%
    SECURITYNATIONAL MORTGAGE COMPANY $2,200,000 $1,055,000 -52.0% 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $2,890,000 $1,030,000 -64.4% 0.3%
    NEWREZ LLC $4,860,000 $1,015,000 -79.1% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $8,805,000 $965,000 -89.0% 0.3%
    LOANPAL, LLC $1,315,000 $950,000 -27.8% 0.3%
    USAA Federal Savings Bank $3,365,000 $925,000 -72.5% 0.3%
    HOME POINT FINANCIAL CORPORATION $1,480,000 $910,000 -38.5% 0.3%
    ZILLOW HOME LOANS, LLC $450,000 $905,000 101.1% 0.3%
    VILLAGE CAPITAL MORTGAGE $2,735,000 $885,000 -67.6% 0.3%
    MID AMERICA MORTGAGE, INC. $335,000 $845,000 152.2% 0.2%
    Bank of Idaho $795,000 n/a 0.2%
    Carrington Mortgage Services, LLC $2,050,000 $765,000 -62.7% 0.2%
    Magnolia Bank $165,000 $755,000 357.6% 0.2%
    FBC MORTGAGE, LLC $325,000 $740,000 127.7% 0.2%
    JPMorgan Chase Bank $710,000 $740,000 4.2% 0.2%
    DIRECT MORTGAGE, CORP. $710,000 n/a 0.2%
    21ST MORTGAGE CORPORATION $750,000 $700,000 -6.7% 0.2%
    Figure Lending LLC $500,000 $685,000 37.0% 0.2%
    SUMMIT FUNDING, INC. $1,370,000 $680,000 -50.4% 0.2%
    BNC National Bank $645,000 n/a 0.2%
    GUARANTEED RATE, INC. $970,000 $640,000 -34.0% 0.2%
    MANN FINANCIAL INC. $480,000 $630,000 31.3% 0.2%
    Nations Lending Corporation $1,490,000 $615,000 -58.7% 0.2%
    PENTAGON FEDERAL CREDIT UNION $600,000 n/a 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,850,000 $590,000 -79.3% 0.2%
    North American Savings Bank, F.S.B. $1,230,000 $590,000 -52.0% 0.2%
    OCMBC, INC. $245,000 $570,000 132.7% 0.2%
    Great Southern Bank $555,000 n/a 0.2%
    Bank of England $545,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $1,485,000 $545,000 -63.3% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $955,000 $535,000 -44.0% 0.2%
    CERTIFIED $495,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $1,305,000 $485,000 -62.8% 0.1%
    Umpqua Bank $755,000 $475,000 -37.1% 0.1%
    LONGBRIDGE FINANCIAL, LLC $330,000 $470,000 42.4% 0.1%
    PREMIA MORTGAGE, LLC $465,000 n/a 0.1%
    Bank of America $185,000 $460,000 148.6% 0.1%
    SOVEREIGN LENDING GROUP INCORPORATED $820,000 $460,000 -43.9% 0.1%
    AMERICAN FINANCING CORPORATION $755,000 $450,000 -40.4% 0.1%
    Commerce Home Mortgage, Inc. $1,385,000 $425,000 -69.3% 0.1%
    Gateway First Bank $380,000 $425,000 11.8% 0.1%
    CALCON MUTUAL MORTGAGE LLC $640,000 $405,000 -36.7% 0.1%
    Flanagan State Bank $385,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $220,000 $370,000 68.2% 0.1%
    NOVA FINANCIAL & INVESTMENT CORPORATION $165,000 $365,000 121.2% 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $355,000 n/a 0.1%
    RESIDENTIAL BANCORP. $185,000 $350,000 89.2% 0.1%
    DATA MORTGAGE, INC. $460,000 $345,000 -25.0% 0.1%
    NP, Inc. $345,000 n/a 0.1%
    CIVIC FINANCIAL SERVICES, LLC $335,000 n/a 0.1%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $335,000 n/a 0.1%
    INTERCAP LENDING INC. $3,775,000 $335,000 -91.1% 0.1%
    Metro City Bank $325,000 n/a 0.1%
    NBKC BANK $1,950,000 $325,000 -83.3% 0.1%
    ONE NEVADA CREDIT UNION $325,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $285,000 $315,000 10.5% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $2,665,000 $300,000 -88.7% 0.1%
    KELLER MORTGAGE, LLC $285,000 $295,000 3.5% 0.1%
    American Bank and Trust Company $285,000 n/a 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $285,000 n/a 0.1%
    CHERRY CREEK MORTGAGE, LLC $285,000 n/a 0.1%
    PNC Bank $450,000 $275,000 -38.9% 0.1%
    HOMEXPRESS MORTGAGE CORP. $265,000 n/a 0.1%
    LADERA LENDING, INC. $1,365,000 $265,000 -80.6% 0.1%
    UNITED MORTGAGE CORP. $265,000 n/a 0.1%
    First National Bank of America $245,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $245,000 n/a 0.1%
    CLEARPATH LENDING $745,000 $235,000 -68.5% 0.1%
    UNIVERSAL MORTGAGE & FINANCE, INC. $215,000 n/a 0.1%
    PREMIER MORTGAGE RESOURCES, L.L.C. $255,000 $205,000 -19.6% 0.1%
    Prosperity Home Mortgage, LLC $205,000 n/a 0.1%
    S1L, Inc. $205,000 n/a 0.1%
    CLARK COUNTY CREDIT UNION $200,000 n/a 0.1%
    Citadel Servicing Corporation $185,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $105,000 $185,000 76.2% 0.1%
    MUFG Union Bank $175,000 n/a 0.1%
    Cache Valley Bank $470,000 $155,000 -67.0% 0.0%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $125,000 $155,000 24.0% 0.0%
    BAY EQUITY LLC $825,000 $145,000 -82.4% 0.0%
    SPRING EQ, LLC $135,000 $140,000 3.7% 0.0%
    Sierra Pacific Mortgage Company, Inc. $1,970,000 $135,000 -93.1% 0.0%
    GEORGIA'S OWN $115,000 n/a 0.0%
    Discover Bank $345,000 $110,000 -68.1% 0.0%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $285,000 $105,000 -63.2% 0.0%
    BMO Harris Bank $85,000 n/a 0.0%
    ALLIANT CREDIT UNION $180,000 $65,000 -63.9% 0.0%
    Deseret First Credit Union $60,000 n/a 0.0%
    CITIZENS EQUITY FIRST $55,000 n/a 0.0%
    Southwest Airlines Federal Credit Union $45,000 n/a 0.0%
    BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $5,315,000 $5,000 -99.9% 0.0%

    Elko's top lender by overall market share is GUILD MORTGAGE COMPANY, with 18.2% market share. In second place, with 8.8%, is BROKER SOLUTIONS, INC., having originated $30,240,000 in loans. In third place, with 7.9%, is QUICKEN LOANS, LLC, having originated $27,295,000 in loans. In fourth place, with 6.8%, is CMG MORTGAGE, INC., having originated $23,355,000 in loans. In fifth place, with 5.6%, is ACADEMY MORTGAGE CORPORATION, having originated $19,300,000 in loans.

    Elko Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Elko (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $269,590 (10.0%) $296,216 (12.0%) 0.00 219
    2018-02-01 $265,900 (9.7%) $297,420 (12.7%) 0.00 225
    2018-03-01 $268,780 (8.2%) $295,521 (11.5%) 0.00 213
    2018-04-01 $270,150 (9.0%) $301,604 (13.4%) 0.00 186
    2018-05-01 $278,188 (11.4%) $317,948 (17.5%) 0.00 182
    2018-06-01 $277,375 (7.1%) $303,848 (10.1%) 0.00 188
    2018-07-01 $279,950 (7.7%) $303,503 (9.9%) 0.00 212
    2018-08-01 $274,635 (5.7%) $296,641 (5.2%) 0.00 219
    2018-09-01 $272,500 (4.9%) $291,198 (0.8%) 0.00 223
    2018-10-01 $275,425 (4.3%) $297,622 (1.8%) 0.00 226
    2018-11-01 $281,950 (4.8%) $302,270 (4.8%) 0.00 211
    2018-12-01 $279,900 (3.9%) $331,644 (13.3%) 0.00 209
    2019-01-01 $281,450 (4.4%) $298,797 (0.9%) 0.00 206
    2019-02-01 $283,450 (6.6%) $302,764 (1.8%) 0.00 169
    2019-03-01 $296,643 (10.4%) $324,438 (9.8%) 0.00 184
    2019-04-01 $294,350 (9.0%) $333,009 (10.4%) 0.00 216
    2019-05-01 $287,950 (3.5%) $314,939 (-1.0%) 0.00 232
    2019-06-01 $289,450 (4.4%) $306,190 (0.8%) 0.00 244
    2019-07-01 $289,975 (3.6%) $307,642 (1.4%) 0.00 281
    2019-08-01 $294,608 (7.3%) $312,024 (5.2%) 0.00 272
    2019-09-01 $301,522 (10.7%) $314,899 (8.1%) 0.00 261
    2019-10-01 $305,132 (10.8%) $316,593 (6.4%) 0.00 252
    2019-11-01 $299,900 (6.4%) $316,883 (4.8%) 0.00 231
    2019-12-01 $304,475 (8.8%) $319,614 (-3.6%) 0.00 228
    2020-01-01 $300,200 (6.7%) $319,032 (6.8%) 0.00 215
    2020-02-01 $315,000 (11.1%) $318,964 (5.4%) 0.00 195
    2020-03-01 $315,500 (6.4%) $318,477 (-1.8%) 0.00 186
    2020-04-01 $318,963 (8.4%) $325,103 (-2.4%) 0.00 169
    2020-05-01 $337,900 (17.4%) $344,951 (9.5%) 0.00 163
    2020-06-01 $340,063 (17.5%) $346,553 (13.2%) 0.00 148
    2020-07-01 $342,225 (18.0%) $354,209 (15.1%) 0.00 132
    2020-08-01 $338,780 (15.0%) $354,906 (13.7%) 0.00 125
    2020-09-01 $350,500 (16.2%) $361,335 (14.8%) 0.00 115
    2020-10-01 $349,000 (14.4%) $366,289 (15.7%) 0.00 118
    2020-11-01 $381,500 (27.2%) $392,985 (24.0%) 0.00 130
    2020-12-01 $374,825 (23.1%) $385,877 (20.7%) 0.00 130
    2021-01-01 $375,500 (25.1%) $382,936 (20.0%) 0.00 120
    2021-02-01 $408,300 (29.6%) $403,730 (26.6%) 0.00 97
    2021-03-01 $415,000 (31.5%) $400,468 (25.7%) 0.00 102
    2021-04-01 $421,500 (32.2%) $411,199 (26.5%) 0.00 94
    2021-05-01 $392,000 (16.0%) $411,460 (19.3%) 0.00 44
    2021-06-01 $379,945 (11.7%) $492,909 (42.2%) 0.00 50
    2021-07-01 $336,450 (-1.7%) $440,222 (24.3%) 0.00 72
    2021-08-01 $361,000 (6.6%) $401,185 (13.0%) 0.00 80
    2021-09-01 $385,500 (10.0%) $412,131 (14.1%) 0.00 85
    2021-10-01 $416,000 (19.2%) $432,280 (18.0%) 0.00 128
    2021-11-01 $411,750 (7.9%) $434,060 (10.5%) 0.00 133
    2021-12-01 $420,000 (12.1%) $433,308 (12.3%) 0.00 126
    2022-01-01 $438,000 (16.6%) $431,616 (12.7%) 0.00 117
    2022-02-01 $462,500 (13.3%) $455,578 (12.8%) 0.00 102
    2022-03-01 $484,075 (16.6%) $466,057 (16.4%) 0.00 88
    2022-04-01 $499,000 (18.4%) $489,485 (19.0%) 0.00 78
    2022-05-01 $504,150 (28.6%) $503,627 (22.4%) 0.00 102
    2022-06-01 $499,950 (31.6%) $487,414 (-1.1%) 0.00 96
    2022-07-01 $513,350 (52.6%) $501,705 (14.0%) 0.00 112
    2022-08-01 $516,915 (43.2%) $515,121 (28.4%) 0.00 129
    2022-09-01 $512,350 (32.9%) $488,317 (18.5%) 0.00 143
    2022-10-01 $499,050 (20.0%) $481,236 (11.3%) 0.00 146
    2022-11-01 $485,100 (17.8%) $480,000 (10.6%) 0.00 152
    2022-12-01 $485,100 (15.5%) $471,324 (8.8%) 0.00 140
    2023-01-01 $476,275 (8.7%) $463,342 (7.4%) 0.00 122
    2023-02-01 $483,775 (4.6%) $468,228 (2.8%) 0.00 107
    2023-03-01 $532,200 (9.9%) $511,044 (9.7%) 0.00 90
    2023-04-01 $525,000 (5.2%) $508,070 (3.8%) 0.00 95
    2023-05-01 $517,900 (2.7%) $495,656 (-1.6%) 0.00 111
    2023-06-01 $502,450 (0.5%) $502,003 (3.0%) 0.00 130
    2023-07-01 $439,900 (-14.3%) $421,925 (-15.9%) 0.00 176
    2023-08-01 $402,250 (-22.2%) $414,480 (-19.5%) 0.00 181
    2023-09-01 $399,900 (-22.0%) $411,489 (-15.7%) 0.00 184
    2023-10-01 $398,450 (-20.2%) $415,274 (-13.7%) 0.00 178
    Elko's median listing price for 2023-10-01 was $398,450, a difference of $-100,600 (-20.2%) versus the prior year and $-1,450 versus the prior month.

    Elko's median listing price comes in at 0% of the national average.

    Elko's average listing price for 2023-10-01 was $415,274, a difference of $-65,962 (-13.7%) versus the prior year and $3,785 versus the prior month.

    For the 2023-10-01 period, Elko had 178 MLS listings, a difference of -6 listings (-3%) versus the prior month and 32 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Elko (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,990 sqft
    2018-02-01 0 days 1,980 sqft
    2018-03-01 0 days 2,043 sqft
    2018-04-01 0 days 1,976 sqft
    2018-05-01 0 days 2,061 sqft
    2018-06-01 0 days 2,041 sqft
    2018-07-01 0 days 1,866 sqft
    2018-08-01 0 days 1,778 sqft
    2018-09-01 0 days 1,734 sqft
    2018-10-01 0 days 1,750 sqft
    2018-11-01 0 days 1,770 sqft
    2018-12-01 0 days 1,900 sqft
    2019-01-01 0 days 1,888 sqft
    2019-02-01 0 days 1,882 sqft
    2019-03-01 0 days 1,920 sqft
    2019-04-01 0 days 1,910 sqft
    2019-05-01 0 days 1,899 sqft
    2019-06-01 0 days 1,900 sqft
    2019-07-01 0 days 1,916 sqft
    2019-08-01 0 days 1,953 sqft
    2019-09-01 0 days 2,002 sqft
    2019-10-01 0 days 2,035 sqft
    2019-11-01 0 days 2,062 sqft
    2019-12-01 0 days 2,082 sqft
    2020-01-01 0 days 2,113 sqft
    2020-02-01 0 days 2,016 sqft
    2020-03-01 0 days 2,000 sqft
    2020-04-01 0 days 2,008 sqft
    2020-05-01 0 days 2,128 sqft
    2020-06-01 0 days 2,115 sqft
    2020-07-01 0 days 2,114 sqft
    2020-08-01 0 days 2,114 sqft
    2020-09-01 0 days 2,141 sqft
    2020-10-01 0 days 2,114 sqft
    2020-11-01 0 days 2,114 sqft
    2020-12-01 0 days 2,086 sqft
    2021-01-01 0 days 2,001 sqft
    2021-02-01 0 days 2,220 sqft
    2021-03-01 0 days 2,220 sqft
    2021-04-01 0 days 2,220 sqft
    2021-05-01 0 days 2,213 sqft
    2021-06-01 0 days 2,256 sqft
    2021-07-01 0 days 2,239 sqft
    2021-08-01 0 days 2,065 sqft
    2021-09-01 0 days 2,036 sqft
    2021-10-01 0 days 2,114 sqft
    2021-11-01 0 days 2,047 sqft
    2021-12-01 0 days 2,112 sqft
    2022-01-01 0 days 2,114 sqft
    2022-02-01 0 days 2,204 sqft
    2022-03-01 0 days 2,220 sqft
    2022-04-01 0 days 2,263 sqft
    2022-05-01 0 days 2,287 sqft
    2022-06-01 0 days 2,290 sqft
    2022-07-01 0 days 2,115 sqft
    2022-08-01 0 days 2,220 sqft
    2022-09-01 0 days 2,190 sqft
    2022-10-01 0 days 2,182 sqft
    2022-11-01 0 days 2,137 sqft
    2022-12-01 0 days 2,114 sqft
    2023-01-01 0 days 2,114 sqft
    2023-02-01 0 days 2,190 sqft
    2023-03-01 0 days 2,231 sqft
    2023-04-01 0 days 2,221 sqft
    2023-05-01 0 days 2,189 sqft
    2023-06-01 0 days 2,186 sqft
    2023-07-01 0 days 2,204 sqft
    2023-08-01 0 days 2,202 sqft
    2023-09-01 0 days 2,190 sqft
    2023-10-01 0 days 2,127 sqft
    Elko's median listing age (time on market) for 2023-10-01 was 0 days.

    Elko's median square footage for active listings during the 2023-10-01 period was 2,127 sqft. One year prior, the average listing was 2,182 sqft.

    Elko, NV Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 774 $238,240,000 $307,804
    Cash Out Refi 244 $59,220,000 $242,705
    Refi 179 $38,395,000 $214,497
    Home Improvement 57 $5,505,000 $96,579
    Other 39 $3,765,000 $96,538

    Elko's most frequently cited loan purpose was Home Purchase, with 774 originations. The 2nd most popular reason was Cash Out Refi, with 244 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 348 $98,060,000 $281,782
    3-4% 312 $80,640,000 $258,462
    4-5% 280 $87,480,000 $312,429
    6-7% 137 $37,545,000 $274,051
    2.5-3% 72 $17,600,000 $244,444
    <2.5% 49 $5,605,000 $114,388
    7-8% 49 $11,915,000 $243,163
    Over 8% 33 $4,085,000 $123,788

    During 2022, Elko's most frequently originated rate bucket was 5-6%, with 348 originations.

    Loan Sizing (Elko, NV MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 749 $214,295,000 $286,108
    $100k-200k 275 $43,755,000 $159,109
    $100,000 or less 133 $6,885,000 $51,767
    $400k-600k 121 $56,885,000 $470,124
    $600k-1000k 12 $7,650,000 $637,500
    $Over $1MM 3 $15,655,000 $5,218,333

    Elko's loan sizing saw the bucket of loans from $200k-400k with 749 originations, totaling $214,295,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 629 $190,235,000 $302,440
    60-80% 376 $112,570,000 $299,388
    40-60% 94 $18,780,000 $199,787
    Under 20% 93 $4,315,000 $46,398
    20-40% 65 $7,165,000 $110,231
    Over 100% 22 $8,960,000 $407,273

    Elko's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 629 originations, totaling $190,235,000 in origination value.