Elk Park, NC
Full City Profile · North Carolina · Avery County County
3.2
/5.0
B
Good
694
Population
1,006/sq mi density
$44,350
Median Income
$25,466 per capita
$145,000
Home Value
$309,906 Zillow
50°F
Avg Temperature
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.7 / 5.0
$44,350 median income, 7.1% unemployment
A+
Affordability
4.8 / 5.0
$145,000 home value, /mo rent
D
Education
2.0 / 5.0
11.9% bachelor's degree or higher
Housing Overview
Median Home Value
$145,000
49% below
US avg: $281,900
Homeownership Rate
57.9%
11% below US avg (65.4%)
Total Housing Units
306
Median year built: 1974
Home Value by Source
Census Median
$145,000
Zillow (ZHVI)
$309,906
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
57.9%
Owner-Occupied
42.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Affordability & Housing Stock
Rent Burden
9.0%
of renters spending 30%+ of income on housing
71% below US avg (31.0%)
Median Year Built
1974
Average age of housing stock: 52 years
Homeownership Rate
57.9%
Complete Housing Data
Home Values
| Census Median Value | $145,000 |
| Zillow Home Value (ZHVI) | $309,906 |
Rent
| FMR Studio | $932 |
| FMR 1-Bedroom | $981 |
| FMR 2-Bedroom | $1,161 |
| FMR 3-Bedroom | $1,499 |
| FMR 4-Bedroom | $1,780 |
Market
Ownership & Stock
| Owner-Occupied | 57.9% |
| Renter-Occupied | 42.1% |
| Homeownership Rate | 57.9% |
| Total Housing Units | 306 |
| Median Year Built | 1974 |
| Rent Burden | 9.0% |