Elkins, AR—72727
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elkins, AR
As of Oct '25, the median home price in Elkins, AR is $281,000, with a year-over-year change of 2.9%. This indicates that home prices in Elkins, AR are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $281,000 | 2.9% |
| Single Family | $281,000 | 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 | N/A | N/A |
3 Bed | $272,000 | 3.8% |
4 Bed | $329,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elkins, AR
As of July '25, Rentcast reports the average rent in Elkins, AR is $1,400, with a year-over-year rent change of -14.6%. Per bedroom, the median rent as of July '25 in Elkins, AR is studios: $1,450, 1-bedrooms: $1,100, 2-bedrooms: $1,150, 3-bedrooms: $1,510, 4-bedrooms: $1,560. The most common rental property sizes in Elkins, AR are 3-bedroom and 4-bedroom, accounting for 42.1% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,400 |
| Studio Rent | $1,450 | $1,450 |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,180 | $1,150 |
| 3 Bed Rent | $1,430 | $1,510 |
| 4 Bed Rent | $1,400 | $1,560 |
% of Rental Stock
Property Listings — Elkins, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Elkins, AR is 70. This is a increase of 66.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 9.0% |
Listing Count | 43 | 7.0% |
| Listings as % of Homes | 0.7% | 7.0% |
Days on Market | 70 | 66.0% |
Demographics — Elkins, AR
As of the latest ACS Survey released in 2023, Elkins, AR has a population of 6,460, which has increased by 14.1% over the past 5 years. Elkins, AR is a moderately popular place for families, as children make up 18.1% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,460 | 14.1% |
% Under 18 | 18.1% | -26.1% |
% Seniors | 20.3% | 49.3% |
% WFH | 7.4% | 27.6% |
% w/ College Degree | 17.6% | 18.9% |
As of the latest ACS Survey released in 2023, Elkins, AR is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 14.8% in the last 5 years. The second most common race or ethnicity in Elkins, AR is hispanic, making up 10.4% of the population. Foreign-born residents account for 3.6% of the population in Elkins, AR, and this percentage has increased by 63.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.2% | -14.8% |
% Black | 0.3% | ∞% |
% Hispanic | 10.4% | 116.7% |
% Asian | 0.3% | -70.0% |
% Foreign Born | 3.6% | 63.6% |
Mortgage and Risk — Elkins, AR
According to HUD data as of 2023, there were 229 mortgage originations in Elkins, AR, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Elkins, AR. 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 | 229 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Elkins, AR
As of 2024, the percent of homes in Elkins, AR under the Section 8 program is 2.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Elkins, AR, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,100 | $920 |
| 2 Bedroom | -$70 | $1,180 | $1,110 |
| 3 Bedroom | $130 | $1,430 | $1,560 |
| 4 Bedroom | $400 | $1,400 | $1,800 |
Affordability — Elkins, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $281,000 |
| Median Household Income | $71,700 |