The story of this market
The typical home in ZIP 89835 sells for about $162,000, or $111 per square foot.
Prices are down 37.5% from a year ago, which gives buyers more room to negotiate. Homes take about 135 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $977 a month.
ZIP 89835 — Wells
The housing market in 89835 is currently experiencing significant volatility with a sharp year-over-year decline in median sale prices and low transaction volume. High inventory relative to sales pace suggests a cooling market, likely driven by the remote nature of the area and broader economic shifts in the mining sector. Data for specific tax history and certain demographic metrics are not available at the ZIP level.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees and workers in the regional mining or transportation sectors.
Median prices moved down 37.5% year over year.
Homes spend a median of 135 days on market with 12.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 94.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 9.0% — a stable, low-distress profile.
ZCTA 89835, Elko County NV
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime in the Wells area is generally low, consistent with rural Elko County, though specific trend data is not determinable.
Schools in the area are part of the Elko County School District, which serves a sparse rural population with limited local options.
The area faces risks typical of the high desert, including wildfire potential and extreme winter weather conditions.
Economic momentum is driven by regional mining, ranching, and transportation logistics along the I-80 corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Nevada) — Disabled Veterans Property Tax Exemption: Provides a partial exemption from property taxes based on the veteran's disability rating, which is applied to the assessed value of the property. State (Nevada) — Nevada Property Tax Assessment and Levy: Property tax is calculated using the formula: (Taxable Value * 0.35) * Tax Rate = Total Property Tax. Taxable value is determined by county assessors, and the assessment ratio is fixed at 35% of taxable value.
Commuting is primarily via personal vehicle along U.S. Highway 93 and Interstate 80, with limited public transit options.
Local recreation includes access to Angel Lake, hiking in the East Humboldt Range, and various outdoor activities in the surrounding high desert.
The rental market is small and tight, with limited inventory and a high share of owner-occupied housing.
The economy is anchored by mining, agriculture, and transportation services supporting the I-80 corridor.
Transportation is dominated by private vehicle use on major highway corridors; there is no significant public transit infrastructure.
Development is primarily focused on small-scale residential and commercial maintenance rather than large-scale expansion.
The Elko County Assessor manages property valuations based on state-mandated assessment cycles.
Parcels are subject to Elko County School District and various local utility and fire protection district levies.
Property insurance premiums are influenced by wildfire risk and the remote nature of the geography.
Data retrieved from Census ZCTA 89835 profiles and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A scenic glacial lake located in the East Humboldt Range popular for fishing and hiking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.