Home Insurance in Wells, Nevada
The median home value in Wells is $205,300, 32% lower than the Elko County median.
The typical home in Wells was built around 1982. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 18% of homes were built before 1960, about 8 points above Elko County's 10%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Wells is 62% single-family homes, 10% apartments in buildings with 5+ units and 24% mobile or manufactured homes.
68% of owner-occupied homes in Wells carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Wells has an owner-occupancy rate of 66% and a vacancy rate of 26%; unoccupied homes typically need a different coverage form.
Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Wells, 77% of homes are primarily heated with electricity.
FEMA rates Elko County's overall risk as Relatively Moderate, led by wildfire (Relatively High). Elko County had 120 active NFIP flood policies as of September 2026. See the full Elko County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Nevada, the statewide average premium for a standard HO-3 homeowners policy is $1,013 per year (NAIC, 2023 data).
Key figures
| Median home value | $205,300 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top county hazard | Wildfire (Relatively High) |
| Active NFIP policies in Elko County | 120 |
| Home insurance premium | $1,013 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)