The story of this market
The typical home in ZIP 89833 sells for about $205,300, or $43 per square foot.
Prices are up +140% from a year ago, so sellers still have some momentum. Homes take about 97 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 89833 — Ruby Valley
The market in 89833 is characterized by extremely low inventory and limited transaction volume, making price trends highly volatile. Current data reflects a rural market with high homeownership rates and significant year-over-year price fluctuations due to the small sample size of sales. Most figures for specific amenities and detailed tax histories are not determinable at the ZIP level.
This ZIP is best suited for rural-lifestyle seekers and local workers who prioritize affordability and space over proximity to major urban employment centers.
Median prices moved up 140.0% year over year.
Homes spend a median of 97 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 106% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 21.3% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 89833, Elko County NV
Property taxes are assessed by Elko County based on local mill rates; specific exemptions for agricultural or primary residence status may apply.
Residents typically drive alone to work with an average commute time of approximately 37 minutes.
The area offers access to rural outdoor recreation including hiking and regional parks, with limited immediate urban shopping amenities.
The rental market is limited in depth with low vacancy pressure and minimal short-term rental activity reported.
The local economy is primarily driven by mining, agriculture, and regional services within Elko County.
Transportation is heavily reliant on private vehicle use via regional highway corridors.
The Elko County Assessor manages property valuations based on state-mandated appraisal cycles.
Parcels are subject to Elko County general levies and specific school district assessments.
Property insurance premiums are influenced by regional wildfire risk and rural service accessibility.
Data retrieved from Census Reporter and Data USA profiles for Wells, NV.
- Lamoille Canyon Scenic Byway4.98.2 mi
- Lamoille Canyon Scenic Byway4.98.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive outdoor recreation and wilderness access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.