HomeNevadaElko CountyWells city
Wells city, Nevada: commercial real estate data.
Wells city is a Census city of 1,352 people across 6.90 square miles of land, in Elko County. Median household income is $107,454, 65.9 percent of occupied homes are owned, and the SBA record carries 6 7(a) approvals to borrowers here worth $4.4 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Wells
What Wells is
- Census place typecity
- Land area6.9 sq mi
- Water area0 sq mi
- Population per square mile of land196 plus or minus 65
- County holding the largest share of its areaElko County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wells
How many people live in Wells
- Population1,352 plus or minus 450
- Median age36.7 plus or minus 9.2
- Population under 18379 plus or minus 134
- Share under 1828.0 percent
- Population 65 and over67 plus or minus 44
- Share 65 and over5.0 percent plus or minus 2.8
- Households381 plus or minus 105
- Family households267 plus or minus 69
- Share of households that are families70.1 percent plus or minus 26.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wells
Income and work in Wells
- Median household income$107,454
- Per capita income$28,251 plus or minus $7,001
- Civilian labor force770 plus or minus 304
- Employed728 plus or minus 299
- Unemployed42 plus or minus 36
- Unemployment rate5.5 percent plus or minus 4.1
- Adults 25 and over887 plus or minus 319
- Adults 25 and over with a high school diploma or higher70.1 percent plus or minus 31.4
- Adults 25 and over with a bachelor degree or higher9.9 percent plus or minus 5.5
- Adults 25 and over with a graduate degree1.7 percent plus or minus 3.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wells
Housing in Wells
- Housing units515 plus or minus 112
- Occupied units381 plus or minus 105
- Vacant units134 plus or minus 69
- Vacancy rate26.0 percent plus or minus 12.1
- Owner occupied251 plus or minus 103
- Renter occupied130 plus or minus 66
- Ownership rate65.9 percent plus or minus 20.0
- Median owner-occupied home value$205,300 plus or minus $63,798
- Median gross rent, monthly$976 plus or minus $264
- Annual rent as a share of median income10.9 percent plus or minus 3.1
- Single family units321 plus or minus 107
- Share single family62.3 percent plus or minus 15.7
- Units in buildings of two or more71 plus or minus 55
- Share in buildings of two or more13.8 percent plus or minus 10.2
- Mobile homes123 plus or minus 66
- Median year structure built1982
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wells
How Wells gets to work
- Workers 16 and over who commute695 plus or minus 303
- Commuting under 15 minutes208 plus or minus 114
- Share commuting under 15 minutes29.9 percent plus or minus 10.0
- Commuting 30 minutes or more267 plus or minus 123
- Share commuting 30 minutes or more38.4 percent
- Drove alone74.1 percent plus or minus 20.2
- Carpooled17.8 percent plus or minus 9.7
- Public transport0.3 percent plus or minus 0.5
- Walked1.2 percent plus or minus 1.8
- Worked from home6.1 percent plus or minus 5.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wells
SBA loans in Wells (7(a))
- Approvals6
- Gross approval$4,380,000
- Average approval$730,000
- Median approval$1,220,000
- Ninetieth percentile approval$1,350,000
- Largest approval$1,350,000
- Jobs supported60
- Jobs per approval10.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more66.7 percent
- Share to franchises33.3 percent
- Distinct lenders4
- Distinct industries by NAICS4
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Wells
SBA loans in Wells (504)
- Approvals1
- Gross approval$228,000
- Average approval$228,000
- Median approval$228,000
- Largest approval$228,000
- Jobs supported2
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Elko County, not Wells
Elko County context, not Wells figures
These are Elko County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Wells measurements.
- Establishments in Elko County1,185
- Employment at those establishments, Elko County21,652
- Covered employment, Elko County22,205
- Average annual pay, Elko County$64,165
- Average weekly wage, Elko County$1,234
- Housing units permitted, Elko County122
- Of those, single family, Elko County122
- County product, 2024, Elko County$3,994,743,000
- County product change over the prior year, Elko County12.7 percent
- Average income of an arriving household, Elko County$61,298
Every figure in this section is published for Elko County as a whole and is not a measurement of Wells. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Wells questions, answered from the record.
How many people live in Wells, Nevada?
1,352, in 381 households. Wells city covers 6.90 square miles of land, which is 196 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Wells in?
Elko County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Wells?
$107,454. The median owner-occupied home is valued at $205,300. Median gross rent is $976 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Wells businesses?
6 7(a) approvals totalling $4.4 m, across 4 lenders, median approval $1,220,000, plus 1 504 approvals worth $228,000. These count approvals to borrowers whose address is in Wells, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Wells borrowers get paid back?
No rate is published for Wells. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Wells figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Elko County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Wells.
Is zoning published for Wells?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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