Elm, NC housing market
The typical Elm home is worth about $233,000, up 0.5% in a year, 30% below the North Carolina typical home.
Home values, sales, trends and how Elm compares with the towns next door — updated as new data is published.
Elm 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
Show as a table
| January | Elm | North Carolina |
|---|---|---|
| 2017 | $125,000 | $179,000 |
| 2018 | $130,000 | $190,000 |
| 2019 | $134,000 | $203,000 |
| 2020 | $140,000 | $215,000 |
| 2021 | $161,000 | $242,000 |
| 2022 | $183,000 | $287,000 |
| 2023 | $215,000 | $320,000 |
| 2024 | $227,000 | $332,000 |
| 2025 | $235,000 | $338,000 |
| 2026 | $232,000 | $336,000 |
| August 2026 | $233,000 | $335,000 |
6.5 years of income
The typical Elm home costs about 6.5 years of the town's median household income, more than across North Carolina (4.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Elm is $990 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Elm pay a median of $859, so moving in tends to cost more than staying put. A two-bedroom takes about 33% of the town's median household income, above the 30% guideline for affordable housing.
Studio $780 · 4 bedrooms $1,540
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (27803, 27822; Rocky Mount, NC MSA), 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, May 2026. 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.