Elkview, WV—25071
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elkview, WV
As of Oct '25, the median home price in Elkview, WV is $182,000, with a year-over-year change of 1.6%. This indicates that home prices in Elkview, WV are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | 1.6% |
| Single Family | $182,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $131,000 | 0.8% |
3 Bed | $192,000 | 3.2% |
4 Bed | $272,000 | 5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elkview, WV
Elkview, WV lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elkview, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Elkview, WV is 56. This is a decrease of -28.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 13.0% |
Listing Count | 21 | 29.0% |
| Listings as % of Homes | 0.3% | 29.0% |
Days on Market | 56 | -28.0% |
Demographics — Elkview, WV
As of the latest ACS Survey released in 2023, Elkview, WV has a population of 11,200, which has decreased by -2.0% over the past 5 years. Elkview, WV is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,200 | -2.0% |
% Under 18 | 21.2% | 0.5% |
% Seniors | 23.7% | 9.7% |
% WFH | 12.2% | 114.0% |
% w/ College Degree | 25.3% | 62.2% |
As of the latest ACS Survey released in 2023, Elkview, WV is a predominantly white area, with 96.0% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Elkview, WV is hispanic, making up 0.4% of the population. Foreign-born residents account for 0.7% of the population in Elkview, WV, and this percentage has increased by 16.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.0% | 0.3% |
% Black | 0.2% | ∞% |
% Hispanic | 0.4% | -78.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.7% | 16.7% |
Mortgage and Risk — Elkview, WV
According to HUD data as of 2023, there were 99 mortgage originations in Elkview, WV, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Elkview, WV. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 99 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Elkview, WV
Elkview, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 86 |
Total Units Section 8 | 86 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Elkview, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $182,000 |
| Median Household Income | $65,400 |