Total monthly cost of ownership
Cost to Own a Home in Spring Creek, Nevada
A $318,000 home here costs
$2,397per 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 $102,500 a year.
A standard mortgage calculator would have told you $1,734. The real number is $664 higher every month, 38% more than the payment most buyers budget for.
Compare Elko County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Spring Creek against Elko County and Nevada
| Measure | Spring Creek | Elko County |
|---|---|---|
| Median home value | $318,200 | $282,400 |
| Median property tax | $1,880 | $1,434 |
| Effective tax rate | 0.591% | 0.508% |
| Median gross rent | $1,391 | $1,126 |
| Population | 14,967 | 53,852 |
The weather behind that power bill
Spring Creek 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 Spring Creek 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 Spring Creek every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Spring Creek I already own here and may sell
Common questions
How much does it cost to own a home in Spring Creek?
A $318,000 home in Spring Creek, Nevada costs approximately $2,397 per month with 20% down at 7.24%. That is $1,734 principal and interest, $157 property tax, $56 homeowners insurance, $186 utilities and $265 set aside for maintenance.
What is the property tax rate in Spring Creek?
Spring Creek has an effective property tax rate of 0.591%, based on a median home value of $318,200 and median real estate taxes of $1,880. That is higher than the Elko County average of 0.508%.
What is the average home price in Spring Creek?
The median owner-occupied home value in Spring Creek, Nevada is $318,200, against $282,400 across Elko County.
Is it cheaper to rent or buy in Spring Creek?
Median gross rent in Spring Creek is $1,391 a month, against $2,397 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 Spring Creek?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Spring Creek, Nevada at today's rate takes a household income of roughly $102,500 a year. That covers the full $2,397 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Spring Creek, 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.