Elkmont, AL—35620
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elkmont, AL
As of Oct '25, the median home price in Elkmont, AL is $258,000, with a year-over-year change of -0.3%. This indicates that home prices in Elkmont, AL are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $258,000 | -0.3% |
| Single Family | $258,000 | -0.4% |
| 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 | $253,000 | 0.0% |
4 Bed | $312,000 | 0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elkmont, AL
As of July '25, Rentcast reports the average rent in Elkmont, AL is $1,240, with a year-over-year rent change of -13.9%. Per bedroom, the median rent as of July '25 in Elkmont, AL is 1-bedrooms: $850, 2-bedrooms: $795, 3-bedrooms: $1,450. The most common rental property sizes in Elkmont, AL are 3-bedroom and 2-bedroom, accounting for 43.4% and 40.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,080 | $1,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $795 | $795 |
| 3 Bed Rent | $1,450 | $1,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elkmont, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Elkmont, AL is 48. This is a increase of 57.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -7.0% |
Listing Count | 37 | 41.0% |
| Listings as % of Homes | 0.6% | 41.0% |
Days on Market | 48 | 57.0% |
Demographics — Elkmont, AL
As of the latest ACS Survey released in 2023, Elkmont, AL has a population of 11,000, which has increased by 21.8% over the past 5 years. Elkmont, AL is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 14.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,000 | 21.8% |
% Under 18 | 23.2% | 10.0% |
% Seniors | 11.6% | -23.2% |
% WFH | 6.0% | 215.8% |
% w/ College Degree | 14.4% | 20.0% |
As of the latest ACS Survey released in 2023, Elkmont, AL is a predominantly white area, with 92.2% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Elkmont, AL is hispanic, making up 3.8% of the population. Foreign-born residents account for 1.5% of the population in Elkmont, AL, and this percentage has decreased by 34.8% 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 | 92.2% | -2.7% |
% Black | 1.2% | -57.1% |
% Hispanic | 3.8% | 90.0% |
% Asian | 1.0% | 150.0% |
% Foreign Born | 1.5% | -34.8% |
Mortgage and Risk — Elkmont, AL
According to HUD data as of 2023, there were 236 mortgage originations in Elkmont, AL, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Elkmont, AL. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 236 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Elkmont, AL
Elkmont, AL 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 | $160 | $850 | $1,010 |
| 2 Bedroom | $385 | $795 | $1,180 |
| 3 Bedroom | $70 | $1,450 | $1,520 |
| 4 Bedroom | N/A | N/A | $1,860 |
Affordability — Elkmont, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $258,000 |
| Median Household Income | $82,500 |