North Carolina · Census place 20620
Elkin town, NC
Quick answer
Elkin town has 4,025 residents, ranking #205 of 777 places in North Carolina. Median household income is $60,434, the median home is worth $187,200 and median gross rent runs $765 a month.
- Population
- 4,025Elkin town residents
- Median household income
- $60,434Past 12 months, inflation adjusted
- Median home value
- $187,200Owner-occupied units
- Median gross rent
- $765Rent plus utilities, monthly
- Median age
- 41.3 yrsAll residents
- Homeownership rate
- 62.4%Owner-occupied households
What the numbers mean in Elkin town
Housing cost measured against local earnings.
A household earning the Elkin town median would spend about 15.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 23% of residents and 62.4% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in North Carolina.
- Southport city 4,143
- Forest Oaks CDP 4,095
- Trent Woods town 4,086
- Stanley town 4,014
- Bethlehem CDP 3,928
- Emerald Isle town 3,915
- Swansboro town 3,887
Keep going
More North Carolina coverage.