Elkin, NC—28621
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Elkin, NC
Home Price Trends — Elkin, NC
As of Oct '25, the median home price in Elkin, NC is $218,000, with a year-over-year change of 2.8%. This indicates that home prices in Elkin, NC are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | 2.8% |
| Single Family | $216,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $168,000 | 1.2% |
3 Bed | $241,000 | 3.0% |
4 Bed | $329,000 | 5.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Elkin, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Elkin, NC is 36. This is a increase of 22.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | -1.0% |
Listing Count | 46 | 42.0% |
| Listings as % of Homes | 0.4% | 42.0% |
Days on Market | 36 | 22.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Elkin, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $218,000 |
| Median Household Income | $54,500 |