Living in Elk Park, North Carolina
Cost of living, income, home prices, rent and demographics of Elk Park · Census data 2020–2024
Elk Park has 560 residents with a median age of 44.9. The median household income is $41,583 (43% lower than the North Carolina median), the median home value is $160,400, the median rent is $241/month.
Elk Park is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elk Park at a glance
- Population
- 560
- Median age
- 44.9State: 39.1
- Median household income
- $41,583State: $72,388
- Median home value
- $160,400State: $288,900
- Median rent
- $241/moState: $1,228
- Homeowners
- 52.5%
- Bachelor's degree or higher
- 14.4%
- Average commute
- 25 min
Is Elk Park a good place to live?
Pros: Home values 44% lower than the state median.
Cons: Median household income 43% lower than the North Carolina median; an average commute of 25 minutes; unemployment of 9.9%; a poverty rate of 33.4%.
The weather is best in June to September.
Cost of living in Elk Park
Housing is the biggest part of the cost of living. In Elk Park the median home value is $160,400, 52% lower than the U.S. median. Renters pay a median of $241 per month, which is 9% of household income. Homeowners with a mortgage pay $1,188 a month in housing costs.
Elk Park median household income
The median household income in Elk Park is $41,583 and the income per person is $21,515. 33.4% of residents live below the poverty line (North Carolina: 13%).
Housing in Elk Park: homes for sale and rent
- Housing units
- 299
- Owner-occupied
- 52.5%
- Renter-occupied
- 47.5%
- Vacant
- 11.4%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.11
Elk Park demographics
- Population
- 560
- Median age
- 44.9
- Under 18
- 24.5%
- 65 and older
- 18.9%
- Households
- 265
- Foreign-born
- 0%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Elk Park ›
Education in Elk Park
14.4% of adults 25 and older in Elk Park have a bachelor's degree or higher (North Carolina: 35.7%), and 3.9% have a graduate or professional degree.
Jobs and commute in Elk Park
- Unemployment rate
- 9.9%State: 4.7%
- Average commute
- 25 minState: 25 min
- Work from home
- 31.5%
- Drive alone
- 54.5%
- Public transit
- 0%
- Walk to work
- 4.8%
- Homes with broadband
- 73.6%
Elk Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elk Park | 560 | $41,583 | $160,400 | $241 |
| Roan Mountain | 797 | $55,625 | $166,200 | — |
| Newland | 866 | $46,006 | $241,700 | $792 |
| Banner Elk | 1,473 | $86,382 | $458,100 | $849 |
| Beech Mountain | 987 | $90,855 | $443,500 | $1,137 |
| Sugar Mountain | 539 | $96,094 | $343,800 | $1,500 |
| Linville | 291 | $75,833 | — | — |
| Seven Devils | 425 | $111,667 | $426,900 | $1,583 |
| Foscoe | 1,226 | $49,243 | $325,800 | $928 |
More for people moving to Elk Park
Elk Park ZIP code ›Weather and climate ›Living in Elk Park: FAQ
What is the median household income in Elk Park, NC?
The median household income in Elk Park is $41,583, 43% lower than the North Carolina median of $72,388 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elk Park?
The median home value in Elk Park is $160,400, compared with $288,900 in North Carolina.
How much is rent in Elk Park?
The median gross rent in Elk Park is $241 per month, about 9% of household income.
Is Elk Park, NC a good place to live?
Pluses: home values 44% lower than the state median. Minuses: median household income 43% lower than the North Carolina median; an average commute of 25 minutes; unemployment of 9.9%; a poverty rate of 33.4%.
What is the median age in Elk Park?
The median age in Elk Park is 44.9 years (North Carolina: 39.1).
How long is the commute in Elk Park?
The average commute to work in Elk Park is 25 minutes; 31.5% of workers work from home.
What is the unemployment rate in Elk Park?
The unemployment rate in Elk Park is 9.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elk Park?
14.4% of adults in Elk Park have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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