Elko Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Elko averaged 6.92% for the week of 2025-03-13, compared to the national average of 6.65% for the same period.

    The average rate for the prior week (2025-03-06) was 6.6% and one month ago for the week of 2025-02-06, the average rate was 6.76%.

    Elko's average rate one year ago was 6.75%.

    For refis of the same type during the week of 2025-03-13, the average rate was 6.95%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-03-13 6.65%
    Elko 30 Year Fixed Rate 2025-03-13 6.92%
    Elko 30 Year Fixed Rate Refi 2025-03-13 6.95%
    Elko 15 Year Fixed Rate 2025-03-13 5.9%
    Elko 15 Year Fixed Rate Refi 2025-03-13 6.2%
    Elko 30 Year FHA 2025-03-13 6.26%
    Elko 30 Year FHA Refi 2025-03-13 6.15%
    Elko 30 Year USDA 2025-03-13 6.4%
    Elko 30 Year USDA Refi 2025-03-13 6.5%
    Elko 30 Year VA 2025-03-13 6.37%
    Elko 30 Year VA Refi 2025-03-13 5.97%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 80 6.96% $9,269
    QUICKEN LOANS, LLC 24 6.65% $7,672
    CMG MORTGAGE, INC. 19 6.54% $8,526
    GREATER NEVADA LLC 15 6.48% $4,746
    UNITED 11 6.81% $6,970
    ACADEMY MORTGAGE CORPORATION 10 6.94% $10,024
    PRIMARY RESIDENTIAL MORTGAGE, INC. 8 6.70% $9,236
    MOVEMENT MORTGAGE, LLC 8 7.23% $7,040
    ISERVE RESIDENTIAL LENDING, LLC 7 6.89% $7,988
    U.S. Bank 7 6.04% $5,801
    UNITED WHOLESALE MORTGAGE, LLC 6 6.81% $5,749
    BROKER SOLUTIONS, INC. 6 6.43% $7,036
    Mr. Cooper ( Nationstar Mortgage ) 5 6.38% $11,458
    PACIFIC RESIDENTIAL MORTGAGE, LLC 5 6.75% $10,610
    Zions Bank 4 7.09% $4,551
    LOANDEPOT.COM, LLC 4 6.90% $8,071
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 7.33% $10,413
    PENNYMAC LOAN SERVICES, LLC 3 6.83% $12,610
    Washington Federal Bank 3 7.33% $6,473
    CROSSCOUNTRY MORTGAGE, LLC 3 7.29% $6,919
    Operating Engineers Local Union #3 2 5.63% $3,190
    Flagstar Bank, FSB 2 7.13% $7,494
    AMERISAVE MORTGAGE CORPORATION 2 6.06% $11,808
    Arvest Bank 2 6.88% $6,216
    AMERICAN FINANCIAL NETWORK, INC. 2 6.69% $10,977
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.24% $8,282
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 7.87% $5,473
    MOUNTAIN AMERICA 2 7.44% $5,428
    RBC Bank, (Georgia) 2 6.13% $2,744
    ON Q FINANCIAL, INC. 2 6.81% $7,414
    NBKC BANK 1 6.13% $3,567
    NEXERA HOLDING LLC 1 9.38% $11,521
    Northpointe Bank 1 6.75% $6,291
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.88% $10,025
    PENTAGON FEDERAL CREDIT UNION 1 6.88% $6,412
    PREMIA MORTGAGE, LLC 1 6.63% $1,150
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $5,965
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.38% $6,817
    Sierra Pacific Mortgage Company, Inc. 1 7.63% $3,638
    STAR ONE CREDIT UNION 1 6.88% $2,787
    SUN WEST MORTGAGE COMPANY, INC. 1 8.00% $4,876
    Umpqua Bank 1 6.88% $5,750
    American Mortgage & Equity Consultants, Inc. 1 7.13% $8,182
    AMERICA FIRST 1 6.00% $7,359
    ZILLOW HOME LOANS, LLC 1 7.25% $3,661
    Cornerstone First Mortgage, Inc 1 6.88% $16,406
    FIRST COMMUNITY MORTGAGE, INC. 1 5.88% $5,462
    FREEDOM MORTGAGE CORPORATION 1 6.25% $14,358
    CITYWIDE HOME LOANS, LLC 1 6.63% $7,217
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $9,950
    HSBC BANK USA, NATIONAL ASSOCIATION 1 6.56% $3,503
    IDAHO CENTRAL 1 7.88% $2,908
    CHURCHILL MORTGAGE CORPORATION 1 7.00% $10,145
    JPMorgan Chase Bank 1 6.63% $8,045
    LAKEVIEW LOAN SERVICING, LLC 1 6.50% $10,012
    21ST MORTGAGE CORPORATION 1 7.80% $4,983
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.88% $8,829
    Mortgage Research Center, LLC 1 7.63% $5,030
    BETTER MORTGAGE CORPORATION 1 5.75% $6,619

    Elko Average Closing Costs & Other Stats

    Elko, NV's 59 lenders originated 894 loans during 2023. The total origination value was $230,590,000, with an average loan value of $257,931.

    Elko's average closing costs are $6,900.

    The top Elko lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 80 loans originated. Their average total fees are $9,269, which is $1,597 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Elko lenders (with over 10 loans originated) are GREATER NEVADA LLC ($4,746), UNITED ($6,970), QUICKEN LOANS, LLC ($7,672), CMG MORTGAGE, INC. ($8,526) and GUILD MORTGAGE COMPANY ($9,269).

    The lowest rate Elko lenders (with over 10 loans originated) are GREATER NEVADA LLC (6.48%), CMG MORTGAGE, INC. (6.54%), QUICKEN LOANS, LLC (6.65%), UNITED (6.81%) and ACADEMY MORTGAGE CORPORATION (6.94%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    GUILD MORTGAGE COMPANY $62,945,000 $56,820,000 -9.7% 24.6%
    CMG MORTGAGE, INC. $23,355,000 $16,330,000 -30.1% 7.1%
    QUICKEN LOANS, LLC $27,295,000 $15,700,000 -42.5% 6.8%
    BROKER SOLUTIONS, INC. $30,240,000 $12,290,000 -59.4% 5.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $1,405,000 $11,475,000 716.7% 5.0%
    MOVEMENT MORTGAGE, LLC $6,510,000 $11,215,000 72.3% 4.9%
    ISERVE RESIDENTIAL LENDING, LLC $5,430,000 $10,760,000 98.2% 4.7%
    ACADEMY MORTGAGE CORPORATION $19,300,000 $8,360,000 -56.7% 3.6%
    UNITED WHOLESALE MORTGAGE, LLC $5,265,000 $7,250,000 37.7% 3.1%
    GREATER NEVADA LLC $14,320,000 $6,830,000 -52.3% 3.0%
    PACIFIC RESIDENTIAL MORTGAGE, LLC $2,925,000 $4,790,000 63.8% 2.1%
    PENNYMAC LOAN SERVICES, LLC $3,375,000 $4,250,000 25.9% 1.8%
    UNITED $2,515,000 $4,035,000 60.4% 1.7%
    U.S. Bank $5,835,000 $2,880,000 -50.6% 1.2%
    LOANDEPOT.COM, LLC $3,270,000 $2,595,000 -20.6% 1.1%
    GUARANTEED RATE, INC. $640,000 $2,420,000 278.1% 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,570,000 $2,215,000 -38.0% 1.0%
    Century Mortgage Company DBA Century Lending Company $2,100,000 n/a 0.9%
    Zions Bank $8,045,000 $2,100,000 -73.9% 0.9%
    CROSSCOUNTRY MORTGAGE, LLC $300,000 $2,035,000 578.3% 0.9%
    Mortgage Research Center, LLC $5,975,000 $1,990,000 -66.7% 0.9%
    AMERISAVE MORTGAGE CORPORATION $3,410,000 $1,970,000 -42.2% 0.9%
    SUMMIT FUNDING, INC. $680,000 $1,880,000 176.5% 0.8%
    SECURITY SERVICE $1,805,000 n/a 0.8%
    AMERICA FIRST $1,200,000 $1,685,000 40.4% 0.7%
    MOUNTAIN AMERICA $1,510,000 $1,535,000 1.7% 0.7%
    Wells Fargo Bank $9,520,000 $1,370,000 -85.6% 0.6%
    Washington Federal Bank $2,005,000 $1,335,000 -33.4% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $3,200,000 $1,315,000 -58.9% 0.6%
    ON Q FINANCIAL, INC. $1,265,000 n/a 0.5%
    NEWREZ LLC $1,015,000 $1,250,000 23.2% 0.5%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,185,000 n/a 0.5%
    VILLAGE CAPITAL MORTGAGE $885,000 $990,000 11.9% 0.4%
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY $1,505,000 $955,000 -36.5% 0.4%
    ZILLOW HOME LOANS, LLC $905,000 $930,000 2.8% 0.4%
    Flagstar Bank, FSB $1,235,000 $925,000 -25.1% 0.4%
    Operating Engineers Local Union #3 $1,575,000 $805,000 -48.9% 0.3%
    SUN WEST MORTGAGE COMPANY, INC. $805,000 n/a 0.3%
    AMERICAN FINANCIAL NETWORK, INC. $780,000 n/a 0.3%
    Arvest Bank $780,000 n/a 0.3%
    RBC Bank, (Georgia) $740,000 n/a 0.3%
    Magnolia Bank $755,000 $650,000 -13.9% 0.3%
    21ST MORTGAGE CORPORATION $700,000 $635,000 -9.3% 0.3%
    NBKC BANK $325,000 $620,000 90.8% 0.3%
    VANDERBILT MORTGAGE AND FINANCE, INC. $370,000 $585,000 58.1% 0.3%
    CITYWIDE HOME LOANS, LLC $6,455,000 $570,000 -91.2% 0.2%
    CITY FIRST MORTGAGE SERVICES, L.L.C. $1,280,000 $510,000 -60.2% 0.2%
    Cornerstone First Mortgage, Inc $485,000 n/a 0.2%
    Discover Bank $110,000 $470,000 327.3% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $965,000 $460,000 -52.3% 0.2%
    NFM, INC. $455,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $2,160,000 $440,000 -79.6% 0.2%
    NAVY FEDERAL CREDIT UNION $1,710,000 $435,000 -74.6% 0.2%
    The Loan Store, Inc. $430,000 n/a 0.2%
    CARDINAL FINANCIAL $590,000 $395,000 -33.1% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $380,000 n/a 0.2%
    INFINITY EQUITY GROUP, INC. $365,000 n/a 0.2%
    FREEDOM MORTGAGE CORPORATION $7,160,000 $355,000 -95.0% 0.2%
    USAA Federal Savings Bank $925,000 $355,000 -61.6% 0.2%
    SECURITYNATIONAL MORTGAGE COMPANY $1,055,000 $350,000 -66.8% 0.2%
    Barrington Bank & Trust Company, N.A. $485,000 $345,000 -28.9% 0.1%
    American Mortgage & Equity Consultants, Inc. $335,000 n/a 0.1%
    CRESCENT MORTGAGE COMPANY $4,045,000 $335,000 -91.7% 0.1%
    PENTAGON FEDERAL CREDIT UNION $600,000 $335,000 -44.2% 0.1%
    FINANCE OF AMERICA REVERSE LLC $185,000 $325,000 75.7% 0.1%
    HSBC BANK USA, NATIONAL ASSOCIATION $325,000 n/a 0.1%
    Equity Prime Mortgage LLC $315,000 n/a 0.1%
    JPMorgan Chase Bank $740,000 $305,000 -58.8% 0.1%
    Northpointe Bank $1,295,000 $305,000 -76.4% 0.1%
    TOP FLITE FINANCIAL, INC. $245,000 $305,000 24.5% 0.1%
    Bank of America $460,000 $295,000 -35.9% 0.1%
    PREMIA MORTGAGE, LLC $465,000 $295,000 -36.6% 0.1%
    Umpqua Bank $475,000 $285,000 -40.0% 0.1%
    NEXERA HOLDING LLC $275,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $535,000 $250,000 -53.3% 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $355,000 $245,000 -31.0% 0.1%
    Plains Commerce Bank $245,000 n/a 0.1%
    The Federal Savings Bank $1,725,000 $245,000 -85.8% 0.1%
    Carrington Mortgage Services, LLC $765,000 $235,000 -69.3% 0.1%
    Nations Lending Corporation $615,000 $235,000 -61.8% 0.1%
    Paramount Residential Mortgage Group, Inc. $235,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $225,000 n/a 0.1%
    MASON MCDUFFIE MORTGAGE CORPORATION $215,000 n/a 0.1%
    VERITAS FUNDING, LLC $215,000 n/a 0.1%
    LENDINGHOME FUNDING CORPORATION $2,120,000 $205,000 -90.3% 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $195,000 n/a 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $195,000 n/a 0.1%
    STAR ONE CREDIT UNION $195,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $175,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $165,000 n/a 0.1%
    Figure Lending LLC $685,000 $165,000 -75.9% 0.1%
    Sierra Pacific Mortgage Company, Inc. $135,000 $155,000 14.8% 0.1%
    AFFINITY $105,000 n/a 0.0%
    Bethpage Federal Credit Union $85,000 n/a 0.0%
    ALLIANT CREDIT UNION $65,000 $75,000 15.4% 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $1,030,000 $75,000 -92.7% 0.0%
    HomeTrust Bank $75,000 n/a 0.0%
    IDAHO CENTRAL $75,000 n/a 0.0%
    UTAH FIRST $65,000 n/a 0.0%
    Firefighters First Federal Credit Union $25,000 n/a 0.0%

    Elko's top lender by overall market share is GUILD MORTGAGE COMPANY, with 24.6% market share. In second place, with 7.1%, is CMG MORTGAGE, INC., having originated $16,330,000 in loans. In third place, with 6.8%, is QUICKEN LOANS, LLC, having originated $15,700,000 in loans. In fourth place, with 5.3%, is BROKER SOLUTIONS, INC., having originated $12,290,000 in loans. In fifth place, with 5.0%, is PRIMARY RESIDENTIAL MORTGAGE, INC., having originated $11,475,000 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 (11.8%) 0.00 219
    2018-02-01 $265,900 (9.7%) $297,420 (12.5%) 0.00 225
    2018-03-01 $268,780 (8.1%) $295,521 (11.3%) 0.00 213
    2018-04-01 $270,150 (8.8%) $301,604 (13.1%) 0.00 186
    2018-05-01 $278,188 (11.4%) $317,948 (17.3%) 0.00 182
    2018-06-01 $277,375 (7.1%) $303,848 (9.9%) 0.00 188
    2018-07-01 $279,950 (7.7%) $303,503 (9.7%) 0.00 212
    2018-08-01 $274,635 (5.7%) $296,641 (5.0%) 0.00 219
    2018-09-01 $272,500 (4.9%) $291,198 (0.6%) 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 $296,729 (10.4%) $324,659 (9.9%) 0.00 184
    2019-04-01 $294,600 (9.1%) $333,477 (10.6%) 0.00 215
    2019-05-01 $288,175 (3.6%) $315,154 (-0.9%) 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 (6.3%) $318,477 (-1.9%) 0.00 186
    2020-04-01 $318,963 (8.3%) $325,103 (-2.5%) 0.00 169
    2020-05-01 $337,900 (17.3%) $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
    2023-11-01 $384,700 (-20.7%) $405,930 (-15.4%) 0.00 177
    2023-12-01 $406,500 (-16.2%) $407,982 (-13.4%) 0.00 154
    2024-01-01 $419,250 (-12.0%) $406,705 (-12.2%) 0.00 158
    2024-02-01 $420,000 (-13.2%) $389,214 (-16.9%) 0.00 152
    2024-03-01 $399,000 (-25.0%) $387,865 (-24.1%) 0.00 150
    2024-04-01 $390,425 (-25.6%) $377,230 (-25.8%) 0.00 149
    2024-05-01 $431,000 (-16.8%) $401,519 (-19.0%) 0.00 153
    2024-06-01 $422,900 (-15.8%) $388,787 (-22.6%) 0.00 162
    2024-07-01 $429,900 (-2.3%) $405,614 (-3.9%) 0.00 162
    2024-08-01 $430,000 (6.9%) $417,724 (0.8%) 0.00 169
    2024-09-01 $410,500 (2.7%) $417,563 (1.5%) 0.00 174
    2024-10-01 $399,675 (0.3%) $405,561 (-2.3%) 0.00 179
    2024-11-01 $415,000 (7.9%) $413,723 (1.9%) 0.00 169
    2024-12-01 $410,925 (1.1%) $415,324 (1.8%) 0.00 164
    2025-01-01 $418,050 (-0.3%) $414,813 (2.0%) 0.00 149
    2025-02-01 $501,800 (19.5%) $510,307 (31.1%) 0.00 124
    Elko's median listing price for 2025-02-01 was $501,800, a difference of $81,800 (19.5%) versus the prior year and $83,750 versus the prior month.

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

    Elko's average listing price for 2025-02-01 was $510,307, a difference of $121,093 (31.1%) versus the prior year and $95,494 versus the prior month.

    For the 2025-02-01 period, Elko had 124 MLS listings, a difference of -25 listings (-17%) versus the prior month and -28 listings (-18%) 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 2,212 sqft
    2023-08-01 0 days 2,202 sqft
    2023-09-01 0 days 2,180 sqft
    2023-10-01 0 days 2,120 sqft
    2023-11-01 0 days 2,114 sqft
    2023-12-01 0 days 2,200 sqft
    2024-01-01 0 days 2,236 sqft
    2024-02-01 0 days 2,157 sqft
    2024-03-01 0 days 2,156 sqft
    2024-04-01 0 days 2,024 sqft
    2024-05-01 0 days 2,156 sqft
    2024-06-01 0 days 2,137 sqft
    2024-07-01 0 days 2,304 sqft
    2024-08-01 0 days 2,225 sqft
    2024-09-01 0 days 2,227 sqft
    2024-10-01 0 days 2,215 sqft
    2024-11-01 0 days 2,290 sqft
    2024-12-01 0 days 2,229 sqft
    2025-01-01 0 days 2,232 sqft
    2025-02-01 0 days 2,253 sqft
    Elko's median listing age (time on market) for 2025-02-01 was 0 days.

    Elko's median square footage for active listings during the 2025-02-01 period was 2,253 sqft. One year prior, the average listing was 2,157 sqft.

    Elko, NV Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 664 $190,910,000 $287,515
    Cash Out Refi 107 $21,555,000 $201,449
    Refi 43 $11,425,000 $265,698
    Home Improvement 42 $3,550,000 $84,524
    Other 38 $3,150,000 $82,895

    Elko's most frequently cited loan purpose was Home Purchase, with 664 originations. The 2nd most popular reason was Cash Out Refi, with 107 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 357 $106,035,000 $297,017
    7-8% 253 $73,995,000 $292,470
    Over 8% 116 $12,610,000 $108,707
    5-6% 115 $35,285,000 $306,826
    <2.5% 34 $350,000 $10,294
    4-5% 6 $1,440,000 $240,000
    3-4% 3 $315,000 $105,000
    2.5-3% 2 $460,000 $230,000

    During 2023, Elko's most frequently originated rate bucket was 6-7%, with 357 originations.

    Loan Sizing (Elko, NV MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 528 $157,020,000 $297,386
    $100,000 or less 148 $6,590,000 $44,527
    $100k-200k 117 $17,965,000 $153,547
    $400k-600k 93 $42,615,000 $458,226
    $600k-1000k 7 $4,595,000 $656,429
    $Over $1MM 1 $1,805,000 $1,805,000

    Elko's loan sizing saw the bucket of loans from $200k-400k with 528 originations, totaling $157,020,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 506 $161,140,000 $318,458
    60-80% 145 $39,385,000 $271,621
    Under 20% 114 $4,090,000 $35,877
    20-40% 58 $8,250,000 $142,241
    40-60% 49 $10,085,000 $205,816
    Over 100% 20 $7,180,000 $359,000

    Elko's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 506 originations, totaling $161,140,000 in origination value.