Elkin, NC 28621 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elkin, NC—28621

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$215,000

3.0% YoY Growth

Household Income

$54,500

15.8% YoY Growth

Days on Market

12.0% Shorter YoY

Home Price Forecast

2.3%

Median Rent

$1,150

24.7% YoY Growth

1-Bed Rent

$650

65.8% YoY Growth

2-Bed Rent

$1,150

N/A

3-Bed Rent

$2,250

N/A

Other Zip Codes in Elkin, NC

28676

Home Price Trends — Elkin, NC

As of Dec '25, the median home price in Elkin, NC is $215,000, with a year-over-year change of 3.0%. This indicates that home prices in Elkin, NC are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$215,000	3.0%
Single Family	$214,000	3.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Elkin, NC

As of July '25, Rentcast reports the average rent in Elkin, NC is $1,430, with a year-over-year rent change of -24.7%. Per bedroom, the median rent as of July '25 in Elkin, NC is 1-bedrooms: $650, 2-bedrooms: $1,270, 3-bedrooms: $2,250, 4-bedrooms: $1,900. The most common rental property sizes in Elkin, NC are 2-bedroom and 3-bedroom, accounting for 46.5% and 30.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,150	$1,430
Studio Rent	N/A	N/A
1 Bed Rent	$650	$650
2 Bed Rent	$1,150	$1,270
3 Bed Rent	$2,250	$2,250
4 Bed Rent	$1,900	$1,900

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% of Rental Stock

Studio

1.1%

1 Bedroom

16.5%

2 Bedrooms

46.5%

3 Bedrooms

30.9%

4 Bedrooms

3.4%

5+ Bedrooms

1.6%

Property Listings — Elkin, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Elkin, NC is 59. This is a increase of 17.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$272,000	5.0%
Listing Count	35	49.0%
Listings as % of Homes	0.4%	49.0%
Days on Market	73	-12.0%

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Demographics — Elkin, NC

As of the latest ACS Survey released in 2023, Elkin, NC has a population of 9,980, which has decreased by -5.0% over the past 5 years. Elkin, NC is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,980	-5.0%
% Under 18	22.1%	-6.0%
% Seniors	19.1%	2.7%
% WFH	6.9%	56.8%
% w/ College Degree	18.6%	3.9%

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As of the latest ACS Survey released in 2023, Elkin, NC is a predominantly white area, with 78.4% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Elkin, NC is hispanic, making up 16.9% of the population. Foreign-born residents account for 5.8% of the population in Elkin, NC, and this percentage has decreased by 6.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	78.4%	-3.9%
% Black	2.1%	-52.3%
% Hispanic	16.9%	33.1%
% Asian	0.8%	33.3%
% Foreign Born	5.8%	-6.5%

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Mortgage and Risk — Elkin, NC

According to HUD data as of 2023, there were 169 mortgage originations in Elkin, NC, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Elkin, NC. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	169
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Elkin, NC

Elkin, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	87
Total Units Section 8	86
% Rentals under Section 8	N/A
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$100	$650	$750
2 Bedroom	-$200	$1,150	$950
3 Bedroom	-$1,070	$2,250	$1,180
4 Bedroom	-$410	$1,900	$1,490

Elkin, NC—28621

Key Metrics at a Glance

Other Zip Codes in Elkin, NC

Home Price Trends — Elkin, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elkin, NC

% of Rental Stock

Property Listings — Elkin, NC

Demographics — Elkin, NC

Race and Ethnicity

Mortgage and Risk — Elkin, NC

Mortgages

Rentals and Section 8 — Elkin, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Elkin, NC

Home Price to Income Ratio

Elkin, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Elkin, NC

Jonesville, NC

Dobson, NC

Thurmond, NC

Ronda, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$215,000
Median Household Income	$54,500

Elkin, NC—28621

Key Metrics at a Glance

Other Zip Codes in Elkin, NC

Home Price Trends — Elkin, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elkin, NC

% of Rental Stock

Property Listings — Elkin, NC

Demographics — Elkin, NC

Race and Ethnicity

Mortgage and Risk — Elkin, NC

Mortgages

Rentals and Section 8 — Elkin, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Elkin, NC

Home Price to Income Ratio

Elkin, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Elkin, NC

Jonesville, NC

Dobson, NC

Thurmond, NC

Ronda, NC

Frequently Asked Questions

What is the average home price in Elkin, NC 28621?

How have home prices in Elkin, NC 28621 changed over the past year?

What is the home price projection for Elkin, NC 28621?

What are the demographics of Elkin, NC 28621?

How long does it take homes to sell in Elkin, NC 28621?

What is the average rent price in Elkin, NC 28621?