Housing data for Elk Park, NC
Elk Park, NC has an estimated 560 residents and 299 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Avery County.
47.5% of households rent.
The median gross rent is $241 a month.
Figures last updated on .
- Residents
- 560 (±215)
- Housing units
- 299 (±105)
- Households that rent
- 47.5%
- Median gross rent
- $241
- Residents since 2015–2019
- −24.7%
What stands out in Elk Park
Households that rent: 47.5% (±17.0 points) in Elk Park, higher than in Avery County (17.0%).
Working from home: 31.5% (±18.1 points) in Elk Park, higher than in Avery County (9.2%).
Median gross rent: $241 (±$233) in Elk Park, lower than in Avery County ($773).
Median home value: $160,400 (±$18,750) in Elk Park, lower than in Avery County ($265,800).
Housing in Elk Park at a glance
- Median rent: $241 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $725 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 21.1% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 47.5% of households rent
- Income and affordability: $41,583 median household income
- Home values: $160,400 median home value
- Homeowner costs: $1,188 median monthly cost with a mortgage
- Types of homes: 3.7% of homes are in buildings of 5 or more units
- Bedrooms: 59.9% of homes have 3 or more bedrooms
- Age of homes: 53.8% of homes were built before 1980
- Vacancy rate: 8.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 46.4% heat with electricity
- Commute and cars: 25.2 minutes average trip to work (Small sample: wide margin of error)
- Growth: −24.7% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 30.6% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 6.4% of homes have more than 1 person per room (Small sample: wide margin of error)
Elk Park against Avery County, its state and the nation
| Elk Park | Avery County | North Carolina | United States | |
|---|---|---|---|---|
| Residents | 560 (±215) | 17,680 (exact) | 10,730,404 (exact) | 334,922,499 |
| Housing units | 299 (±105) | 14,201 (±56) | 4,895,668 (±642) | 143,775,355 |
| Households that rent | 47.5% (±17.0 points) | 17.0% (±3.0 points) | 33.4% (±0.2 points) | 34.8% |
| Median gross rent | $241 (±$233) | $773 (±$106) | $1,228 (±$5) | $1,413 |
| Median household income | $41,583 (±$6,682) | $61,428 (±$7,429) | $72,388 (±$324) | $80,734 |
| Median home value | $160,400 (±$18,750) | $265,800 (±$21,887) | $288,900 (±$1,086) | $332,700 |
| Median real estate taxes (a year) | — | $1,010 (±$114) | $1,896 (±$8) | $3,119 |
| Built before 1980 | 53.8% (±17.7 points) | 35.1% (±3.5 points) | 33.9% (±0.2 points) | 49.7% |
| Average commute | 25.2 minutes (±6.9) | 23.7 minutes (±2.4) | 25.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 73.6% (±14.7 points) | 85.2% (±2.8 points) | 90.1% (±0.2 points) | 91.0% |
| Median age of residents | 44.9 years (±8.2) | 47.1 years (±0.6) | 39.1 years (±0.2) | 38.9 years |
Elk Park covers 0.7 square miles of land, about 810 residents per square mile (Census Bureau Gazetteer).
How Elk Park has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 744 (±256) | 560 (±215) | −24.7% | Not a measurable change |
| Housing units | 404 (±97) | 299 (±105) | −26.0% | Not a measurable change |
| Median gross rent | $575 (±$216) | $241 (±$233) | −58.1% | Down after inflation |
| Median home value | $98,500 (±$20,195) | $160,400 (±$18,750) | +62.8% | Up after inflation |
| Median household income | $40,200 (±$10,258) | $41,583 (±$6,682) | +3.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $745 (±$142) | $1,188 (±$333) | +59.5% | No measurable change after inflation |
| Households that rent | 27.1% (±11.8 points) | 47.5% (±17.0 points) | +20.4 percentage points | Not a measurable change |
| Rental vacancy rate | 15.2% (±17.3 points) | 8.0% (±13.7 points) | −7.2 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Avery County
Elk Park has no police department of its own in the FBI’s figures, so this is the figure for Avery County as a whole.
In 2025, the police departments that report for Avery County recorded 224 violent and 1,068 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
Places near Elk Park
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Newland | 5.7 mi | $792 | $241,700 | 41.9% |
| Banner Elk | 6.3 mi | $849 | $458,100 | 31.1% |
| Beech Mountain | 6.4 mi | $1,137 | $443,500 | 10.7% |
| Sugar Mountain | 6.8 mi | $1,500 | $343,800 | 7.0% |
| Grandfather Village | 8.4 mi | — | $1,312,500 | 0.0% |
| Seven Devils | 9.4 mi | $1,583 | $426,900 | 7.2% |
| Crossnore | 9.8 mi | — | $314,300 | 0.0% |
| Foscoe | 11 mi | $928 | $325,800 | 26.6% |
Places in North Carolina most like Elk Park
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Edenton | $388 | $274,100 | $38,417 | 48.4% |
| Kenansville | $384 | $127,400 | $61,364 | 40.9% |
| Roseboro | $436 | $130,300 | $39,333 | 41.5% |
| Hot Springs | $521 | $179,200 | $44,688 | 48.9% |
| Magnolia | $516 | $114,400 | $39,406 | 35.6% |
| Taylorsville | $496 | $237,300 | $39,423 | 46.0% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across North Carolina.
HUD Fair Market Rent for Elk Park, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $769 | $774 | $1,012 | $1,346 | $1,531 |
HUD income limits for Elk Park, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $18,700 | $31,100 | $49,750 |
| 2 people | $21,640 | $35,550 | $56,850 |
| 3 people | $27,320 | $40,000 | $63,950 |
| 4 people | $33,000 | $44,400 | $71,050 |
| 5 people | $38,680 | $48,000 | $76,750 |
| 6 people | $44,360 | $51,550 | $82,450 |
| 7 people | $50,040 | $55,100 | $88,150 |
| 8 people | $55,720 | $58,650 | $93,800 |
These are the limits HUD sets for its housing programs in the Avery County, NC, where HUD’s median family income for fiscal year 2026 is $88,800.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Elk Park
How many renters are there in Elk Park?
Elk Park has an estimated 126 (±77) renting households, 47.5% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Elk Park?
The median household income in Elk Park is $41,583 (±$6,682) a year (2020–2024 American Community Survey).
What is the average home value in Elk Park, NC?
The Census Bureau publishes the median: $160,400 (±$18,750) for owner-occupied homes in Elk Park (2020–2024 American Community Survey).
What is the average mortgage payment in Elk Park?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Elk Park, NC is $1,188 (±$333) a month, including taxes, insurance and utilities.
How many homes are in Elk Park?
Elk Park, NC has an estimated 299 (±105) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Elk Park?
The most common size is 3 bedrooms, 56.9% of homes in Elk Park, NC.
Is Elk Park growing?
In Elk Park, the number of residents went from 744 in 2015–2019 to 560 in 2020–2024 (−24.7%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Elk Park town, North Carolina
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Elk Park town, North Carolina
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Elk Park town, North Carolina
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Elk Park town, North Carolina
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Elk Park town, North Carolina
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Elk Park town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Elk Park town, North Carolina
- HUD Fair Market Rents, fiscal year 2027: Avery County, NC
- HUD Income Limits, fiscal year 2026: Avery County, NC
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Elk Park town, North Carolina (place:20700, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .