Elkin, NC 28676 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elkin, NC—28676

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$258,000

3.1% YoY Growth

Household Income

$57,700

9.8% YoY Growth

Days on Market

32.0% Longer YoY

Home Price Forecast

2.4%

Median Rent

$250

70.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$250

70.6% YoY Growth

3-Bed Rent

N/A

Other Zip Codes in Elkin, NC

28621

Home Price Trends — Elkin, NC

As of May '26, the median home price in Elkin, NC is $258,000, with a year-over-year change of 3.1%. This indicates that home prices in Elkin, NC are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$258,000	3.1%
Single Family	$259,000	4.0%
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 $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

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% of Rental Stock

2 Bedrooms

41.9%

3 Bedrooms

49.3%

4 Bedrooms

8.8%

Property Listings — Elkin, NC

As of May '26, Realtor.com reports that the median days on market for a home in Elkin, NC is 92. This is a increase of 32.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$315,000	-10.0%
Listing Count	11	-19.0%
Listings as % of Homes	0.3%	-19.0%
Days on Market	92	32.0%

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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%

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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%

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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%

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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	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

Elkin, NC—28676

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

Thurmond, NC

Dobson, NC

Jonesville, NC

Ronda, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$258,000
Median Household Income	$57,700

Elkin, NC—28676

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

Thurmond, NC

Dobson, NC

Jonesville, NC

Ronda, NC

Frequently Asked Questions

What is the average home price in Elkin, NC 28676?

How have home prices in Elkin, NC 28676 changed over the past year?

What is the home price projection for Elkin, NC 28676?

What are the demographics of Elkin, NC 28676?

How long does it take homes to sell in Elkin, NC 28676?

What is the average rent price in Elkin, NC 28676?