Much like its nearby areas, it is a lot less expensive compared to the rest of the country. It is a lot less expensive compared to the city of Elko.
Home prices
The median home in Wells costs $132,900. It is roughly $5,840 (4%) higher in comparison to its surrounding areas.It is approximately $84,600 (38%) lower in comparison to the US as a whole, and it is roughly $99,200 (42%) lower compared to the city of Elko.
Rents
The median monthly rent in Wells is $757. This is about $52 (6%) lower compared to the surrounding areas.Compared to the country as a whole it is approximately $305 (28%) lower, and it is approximately $264 (25%) lower in comparison to the city of Elko.
Nearby places
Spring Creek
Spring Creek is roughly 38 miles southwest from Wells. Housing prices there are substantially more expensive. The value of the median home in Spring Creek is $232,900, which comes out to $100,000 (42%) higher than Wells. Rents there are significantly more expensive. Spring Creek's median monthly rent is $1,289, which comes out to $532 (41%) higher than Wells.
West Wendover
West Wendover is approximately 46 miles southeast from Wells. The real estate prices there are somewhat more expensive. The median home in West Wendover costs $158,700, which is $25,800 (16%) higher than Wells. Rents there are pretty similar. West Wendover's median rent is $733 a month, which is $24 (3%) lower than Wells.
Wendover
Wendover is approximately 49 miles southeast of Wells. Housing prices there are significantly less expensive. The median home in Wendover is valued at $53,300, which is $79,600 (149%) lower than Wells. Its rents are somewhat less expensive. The median rent in Wendover is $594 per month, which is $163 (27%) lower than Wells.
Carlin
Carlin is about 58 miles southwest of Wells. Real estate prices there are fairly similar. The median home in Carlin costs $139,400, which comes out to $6,500 (4%) higher than Wells. Its rents are a little more expensive. Carlin's median monthly rent is $1,006, which comes out to $249 (24%) higher than Wells.
Owyhee
Owyhee is roughly 76 miles northwest of Wells. Its housing prices are substantially less expensive. The median home price in Owyhee is $51,000, which comes out to $81,900 (160%) lower than Wells. Rents there are significantly less expensive. The median rent in Owyhee is $425 per month, which works out to $332 (78%) lower than Wells.
