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North Carolina · Census place 21095

Elon town, NC

Quick answer

Elon town has 11,325 residents, ranking #88 of 777 places in North Carolina. Median household income is $82,717, the median home is worth $355,800 and median gross rent runs $1,584 a month.

Population
11,325Elon town residents
Median household income
$82,717Past 12 months, inflation adjusted
Median home value
$355,800Owner-occupied units
Median gross rent
$1,584Rent plus utilities, monthly
Median age
21.9 yrsAll residents
Homeownership rate
66%Owner-occupied households

What the numbers mean in Elon town

Housing cost measured against local earnings.

A household earning the Elon town median would spend about 23% 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 4.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 22.5% of residents and 66% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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