Elk Garden, WV—26717
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elk Garden, WV
As of Oct '25, the median home price in Elk Garden, WV is $126,000, with a year-over-year change of -5.4%. This indicates that home prices in Elk Garden, WV are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $126,000 | -5.4% |
| Single Family | $126,000 | -6.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $151,000 | -3.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elk Garden, WV
Elk Garden, 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 — Elk Garden, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Elk Garden, WV is 188. This is a increase of 1100.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $189,000 | 51.0% |
Listing Count | 3 | 200.0% |
| Listings as % of Homes | N/A | 200.0% |
Days on Market | 188 | 1,100.0% |
Demographics — Elk Garden, WV
As of the latest ACS Survey released in 2023, Elk Garden, WV has a population of 1,420, which has increased by 39.7% over the past 5 years. Elk Garden, WV is a popular place for families, as children make up 37.9% of the population. The area has a poorly educated workforce, with 9.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,420 | 39.7% |
% Under 18 | 37.9% | 18.1% |
% Seniors | 16.0% | -10.6% |
% WFH | 9.8% | 4,800.0% |
% w/ College Degree | 9.3% | 10.7% |
Elk Garden, WV lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 99.4% | -0.6% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Elk Garden, WV
According to HUD data as of 2023, there were 18 mortgage originations in Elk Garden, WV, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Elk Garden, WV. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 18 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Elk Garden, WV
Elk Garden, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Elk Garden, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $126,000 |
| Median Household Income | $65,800 |