Elk Park, NC housing market
The typical Elk Park home is worth about $310,000, down 0.8% in a year, 7% below the North Carolina typical home.
Home values, sales, trends and how Elk Park compares with the towns next door — updated as new data is published.
Elk Park at a glance
Typical home value, 2019–2026
Show as a table
| January | Elk Park | North Carolina |
|---|---|---|
| 2020 | $162,000 | $215,000 |
| 2021 | $207,000 | $242,000 |
| 2022 | $247,000 | $287,000 |
| 2023 | $277,000 | $320,000 |
| 2024 | $312,000 | $332,000 |
| 2025 | $322,000 | $338,000 |
| 2026 | $302,000 | $336,000 |
| August 2026 | $310,000 | $335,000 |
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 $1,150
HUD's Fair Market Rent for a two-bedroom in Elk Park is $1,150 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Elk Park pay a median of $241, so moving in tends to cost more than staying put.
Studio $790 · 4 bedrooms $1,930
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (28622; Avery County, NC), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.