Elkin, NC—28676
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 $245,000, with a year-over-year change of 4.8%. This indicates that home prices in Elkin, NC are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 4.8% |
| Single Family | $245,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $183,000 | 4.0% |
3 Bed | $259,000 | 5.3% |
4 Bed | N/A | N/A |
| 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 $250, with a year-over-year rent change of -70.6%. Per bedroom, the median rent as of July '25 in Elkin, NC is 2-bedrooms: $250. The most common rental property sizes in Elkin, NC are 3-bedroom and 2-bedroom, accounting for 49.3% and 41.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $250 | $250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $250 | $250 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% 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 61. This is a increase of 35.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -25.0% |
Listing Count | 14 | 73.0% |
| Listings as % of Homes | 0.3% | 73.0% |
Days on Market | 61 | 35.0% |
Demographics — Elkin, NC
As of the latest ACS Survey released in 2023, Elkin, NC has a population of 2,860, which has decreased by -28.9% over the past 5 years. Elkin, NC is a less popular place for families, as children make up 11.8% of the population. The area has a moderately educated workforce, with 30.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,860 | -28.9% |
% Under 18 | 11.8% | -42.7% |
% Seniors | 29.7% | 29.7% |
% WFH | 6.3% | 3,050.0% |
% w/ College Degree | 30.7% | 36.4% |
As of the latest ACS Survey released in 2023, Elkin, NC is a predominantly white area, with 94.1% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Elkin, NC is hispanic, making up 3.7% of the population. Foreign-born residents account for 2.5% of the population in Elkin, NC, and this percentage has decreased by 35.9% 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 | 94.1% | 2.6% |
% Black | 1.5% | 36.4% |
% Hispanic | 3.7% | -48.6% |
% Asian | 0.4% | -50.0% |
% Foreign Born | 2.5% | -35.9% |
Mortgage and Risk — Elkin, NC
According to HUD data as of 2023, there were 93 mortgage originations in Elkin, NC, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Elkin, NC. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
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 | 5 |
Total Units Section 8 | 5 |
% 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 | $730 |
| 2 Bedroom | $680 | $250 | $930 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Elkin, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $245,000 |
| Median Household Income | $57,700 |