Elkville, IL housing market
The typical Elkville home is worth about $100,000, up 1.3% in a year, 66% below the Illinois typical home.
Home values, sales, trends and how Elkville compares with the towns next door — updated as new data is published.
Elkville at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
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| January | Elkville | Illinois |
|---|---|---|
| 2017 | $86,000 | $181,000 |
| 2018 | $89,000 | $190,000 |
| 2019 | $60,000 | $195,000 |
| 2020 | $85,000 | $200,000 |
| 2021 | $100,000 | $215,000 |
| 2022 | $103,000 | $236,000 |
| 2023 | $101,000 | $248,000 |
| 2024 | $93,000 | $263,000 |
| 2025 | $97,000 | $278,000 |
| 2026 | $99,000 | $290,000 |
| August 2026 | $100,000 | $298,000 |
No new homes permitted in 2014
No permits for new homes were issued in Elkville in 2014 or in any year since 2000.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Elkville's permit office didn't report to the Census in 2014, so the 2014 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $920
HUD's Fair Market Rent for a two-bedroom in Elkville is $920 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Elkville pay a median of $728, so moving in tends to cost more than staying put.
Studio $630 · 4 bedrooms $1,210
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62932; Franklin County, IL), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Elkville
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.