Real Estate Investing in Carlin, Nevada (89822)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Elko County • Population: 2,071 • Data updated: September 2026

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Should you buy in 89822 (Carlin, NV)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (64/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
1 flag
  • High vacancy: 17.6% of homes vacant — above national norms.

• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.

What’s happening in Carlin, NV (89822)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

4.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $216,977
Avg Monthly Rent $1,368
1% Rule ✗ Does Not Meet
Median Income $68,478
% Renters 40.3%

Market Analysis: 89822 Carlin

In practical terms, ZIP 89822 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $217K median. It rewards specialists, not generalists.

If the plan assumes clean turnover, on-time rent, and low maintenance on a $217K asset, 89822 is the wrong submarket. If the plan prices in friction, the yield can still work.

Statewide comparisons place 89822 among NV's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.

Stepping back, 2,071 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.

Strategically, 89822 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Carlin:

C+ Average
Buy Confidence Score: 66/100
Affordability
20/25
Appreciation
18/25
Stability
7/20
Timing
6/15
Rental backup
15/15
Affordability
Moderate
Homes cost 3.2× the median income
Value Trend
Rising (+7.2%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,368/mo if you need to move
Market Conditions
WARM
Seller-favorable conditions, steady activity
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
☀️
WARM MARKET
Elko, NV Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
5.4%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Elko, NV metro data

Market Trends

Home Value History (with trend line)

$230K$206K$183K$159K$136K$112KJan 2013Oct 2019Jul 2026

📊 How Does 89822 Compare?

Metric 89822 Carlin Elko, NV Nevada
Home Value $216,977 $216,977 N/A $444,019
5-Year CAGR 4.1% 4.1% N/A 6.8%
Avg Rent $1,368 $1,368 N/A -
Cap Rate 4.9% 4.9% - -

Similar ZIPs Within 25 Miles

Compare other nearby markets to see if a neighbor offers a better fit.

💡 Why Invest in 89822? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

A healthy rental market with 40% renter-occupied households ensures tenant availability.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 89822 (Carlin, NV). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
4.9%
Fair
5yr Growth
+4.1%
Moderate

📉 Market Crash Risk Index

Based on Elko, NV metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
38%
Days Pending
0/2
0 days

View all metro crash risk rankings →

📊 Market Snapshot

Home Value $216,977
Monthly Rent $1,368
Price-to-Rent 13.2:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 7.6%
Cap Rate 4.9%
5-Year IRR 9.1%

📈 Home Appreciation

1-Year +7.2% ▲
3-Year CAGR +7.6% ▲
5-Year CAGR +4.1% ▲
10-Year CAGR +3.9% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 4.9%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.

Run an IRR Analysis →

⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
17.6%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+4.1%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 89822

Population: 2,071

💰 Median Household Income
$68,478
This area
$68,478
State
$77,928
USA
$74,580
🏠 Renter Occupied
40.3%
This area
40.3%
State
33.6%
USA
34.0%
💼 Unemployment Rate
3.4%
This area
3.4%
State
-18.7%
USA
3.7%
🎓 College Educated
14.5%
This area
14.5%
State
1.9%
USA
33.7%
👤 Median Age
38.2 years
This area
38.2 years
State
9.8 years
USA
38.9 years
🏚️ Vacancy Rate
17.6%
This area
17.6%
State
18.7%
USA
10.5%
👥 Population by Ethnicity
White 61.9%
Other/Mixed 32.4%
Hispanic/Latino 22.6%
Asian 5.7%
👶 Under 18
22.2%
This area
22.2%
USA
22.0%
👴 65 and Over
14.1%
This area
14.1%
USA
17.3%
📊 Poverty Rate
1.9%
This area
1.9%
USA
11.5%

Crime & Safety

🚧

Crime & Safety Data Coming Soon

We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.

Expected: Q1 2025

🎓 Schools in 89822

B Avg School Grade
4 Schools
11.8:1 Avg Class Size
$14,235 Avg Per Pupil

Schools in This ZIP Code

B+ Above Average

Carlin High School

📚 09 – 12 High School
👥
96 Students
👨‍🏫
7.4:1 Class Size
💰
$14,235 Per Student
B Good

Battle Born Youth Challenge Academy

📚 09 – 12 High School
👥
39 Students
👨‍🏫
9.8:1 Class Size
💰
$14,235 Per Student
B Good

Carlin Elementary School

📚 K – 06 School
👥
183 Students
👨‍🏫
18.3:1 Class Size
💰
$14,235 Per Student
C+ Average

Carlin Jr High School

📚 07 – 08 Middle
👥
56 Students
💰
$14,235 Per Student
About Repit School Scores

Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.

We evaluate schools based on factors that research shows actually impact educational outcomes:

  • Class Size — Smaller classes mean more individual attention
  • School Funding — Resources available for programs, staff, and facilities
  • Community Factors — Neighborhood characteristics that influence student success
  • School Environment — Size, type, and structure

Scores are updated annually using federal education data.

Frequently Asked Questions

Is Carlin in NV worth investing in?

Investors tracking Carlin, NV will find a 3.0/5 rating supported by $217K median home values and $1,368/mo rents. That profile suits long-term holders targeting even-keeled returns.

What do landlords charge for rent in Carlin, NV?

Expect rents around $1,368/mo per month in Carlin, NV. With home values at $217K, the yield math works out to reasonable levels for rental investors.

Are homes affordable in Carlin, NV?

Carlin, NV home values average about $217K. That price point suits investors targeting rentals with $1,368/mo in monthly income.

What are vacancy rates like in Carlin, NV?

Vacancy in Carlin, NV is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,368/mo.

What investment strategy works best in Carlin, NV?

Most investors in Carlin, NV run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

You know 89822 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 89822 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.

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