Total monthly cost of ownership
Cost to Own a Home in Carlin, Nevada
A $195,000 home here costs
$1,530per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $65,500 a year.
A standard mortgage calculator would have told you $1,063. The real number is $467 higher every month, 44% more than the payment most buyers budget for.
Compare Elko County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Carlin from a five-year rolling sample, and with about 2,164 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Elko County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Carlin against Elko County and Nevada
| Measure | Carlin | Elko County |
|---|---|---|
| Median home value | $195,000 | $282,400 |
| Median property tax | $1,007 | $1,434 |
| Effective tax rate | 0.516% | 0.508% |
| Median gross rent | $1,211 | $1,126 |
| Population | 2,164 | 53,852 |
The weather behind that power bill
Carlin sits in Elko County, which averages a high of 88.2°F in its hottest month and a low of 10.0°F in its coldest, with 12.35" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 155 cooling and 7,832 heating degree days, which is what sets the $118 electricity line above.
See the full climate breakdown for Elko County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Elko County
Talk to someone who works this market
These are Carlin averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Carlin every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Carlin I already own here and may sell
Common questions
How much does it cost to own a home in Carlin?
A $195,000 home in Carlin, Nevada costs approximately $1,530 per month with 20% down at 7.24%. That is $1,063 principal and interest, $84 property tax, $34 homeowners insurance, $186 utilities and $163 set aside for maintenance.
What is the property tax rate in Carlin?
Carlin has an effective property tax rate of 0.516%, based on a median home value of $195,000 and median real estate taxes of $1,007. That is in line with the Elko County average of 0.508%.
What is the average home price in Carlin?
The median owner-occupied home value in Carlin, Nevada is $195,000, against $282,400 across Elko County.
Is it cheaper to rent or buy in Carlin?
Median gross rent in Carlin is $1,211 a month, against $1,530 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Carlin?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Carlin, Nevada at today's rate takes a household income of roughly $65,500 a year. That covers the full $1,530 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Carlin, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Nevada.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.