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Elkins, WV—26241

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$167,000
0.4% YoY Growth
Household Income
$53,100
30.1% YoY Growth
Days on Market
83
5.0% Longer YoY
Home Price Forecast
1.8%
Median Rent
$750
34.1% YoY Growth
1-Bed Rent
$685
N/A
2-Bed Rent
$750
N/A
3-Bed Rent
$750
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Elkins, WV

As of Dec '25, the median home price in Elkins, WV is $167,000, with a year-over-year change of 0.4%. This indicates that home prices in Elkins, WV are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$167,0000.4%
Single Family $167,0000.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $75,000
    -6.2%
    2 Bed
    		$117,0000.0%
    3 Bed
    		$178,0000.6%
    4 Bed
    		$215,0001.4%
    5 Bed $280,002-0.4%
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    11.7%
    2 Bedrooms
    25.1%
    3 Bedrooms
    45.3%
    4 Bedrooms
    12.9%
    5+ Bedrooms
    4.1%

    Rental Trends — Elkins, WV

    As of July '25, Rentcast reports the average rent in Elkins, WV is $922, with a year-over-year rent change of -34.1%. Per bedroom, the median rent as of July '25 in Elkins, WV is 1-bedrooms: $685, 2-bedrooms: $717, 3-bedrooms: $750, 4-bedrooms: $1,950. The most common rental property sizes in Elkins, WV are 3-bedroom and 2-bedroom, accounting for 34.1% and 31.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$750$922
    Studio Rent N/AN/A
    1 Bed Rent $685$685
    2 Bed Rent $750$717
    3 Bed Rent $750$750
    4 Bed Rent $1,950$1,950
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    % of Rental Stock

    1 Bedroom
    27.6%
    2 Bedrooms
    31.2%
    3 Bedrooms
    34.1%
    4 Bedrooms
    7.0%
    5+ Bedrooms
    0.1%

    Property Listings — Elkins, WV

    As of Dec '25, Realtor.com reports that the median days on market for a home in Elkins, WV is 72. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$220,000-1.0%
    Listing Count
    		471.0%
    Listings as % of Homes0.4%1.0%
    Days on Market
    		835.0%
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    Demographics — Elkins, WV

    As of the latest ACS Survey released in 2023, Elkins, WV has a population of 14,200, which has increased by 4.1% over the past 5 years. Elkins, WV is a moderately popular place for families, as children make up 18.0% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		14,2004.1%
    % Under 18
    		18.0%-2.7%
    % Seniors
    		23.5%0.9%
    % WFH
    		8.1%211.5%
    % w/ College Degree
    		23.2%0.0%
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    As of the latest ACS Survey released in 2023, Elkins, WV is a predominantly white area, with 87.7% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Elkins, WV is hispanic, making up 1.7% of the population. Foreign-born residents account for 0.9% of the population in Elkins, WV, and this percentage has decreased by 25.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		87.7%-7.2%
    % Black
    		1.5%-28.6%
    % Hispanic
    		1.7%30.8%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		0.9%-25.0%
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    Mortgage and Risk — Elkins, WV

    According to HUD data as of 2023, there were 85 mortgage originations in Elkins, WV, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Elkins, WV. Investor activity is low, as 5.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		85
    % Conventional Loans
    		60.0%
    % Government Loans
    		40.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		4.0%
    % Cash Out Refinance
    		24.0%
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    Rentals and Section 8 — Elkins, WV

    Elkins, WV lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		538
    Total Units Section 8
    		460
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		97.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$35$685$650
    2 Bedroom$100$750$850
    3 Bedroom$330$750$1,080
    4 Bedroom-$640$1,950$1,310

    Affordability — Elkins, WV

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$167,000
    Median Household Income$53,100

    Elkins, WV — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Beverly, WV

    26253

    Bowden, WV

    26254

    Montrose, WV

    26283

    Coalton, WV

    26285

    Beverly, WV

    26293

    Frequently Asked Questions