89823 — Elko County, Nevada Market Snapshot
Housing market data for zip code 89823 in Elko County, Nevada. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 1 home sold in this ZIP code during the selected period. Statistics may not be representative. See the Elko County county page for broader data.
Market Sales Data
1 sales in 2023
Median Sale Price
$720,000
Days to Sell
1448
Homes Sold
1
Inventory
N/A
Conforming Loan Available
The median home in 89823 at $720,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
With homes sitting for 1448 days on average, 89823 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Conforming Loan Feasibility
The median home in 89823 at $720,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 89823 are set at the county level.
2026 Loan Limits — Elko County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 89823
To purchase the median home at $720,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,666.
Monthly Payment
$5,666
Income Required
$242,846
Principal & Interest
$4,436/mo
Down Payment (5%)
$36,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 89823.
Estimated Monthly Payment
$4,606
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 89823. Tell us what you're looking for.