Elon, NC housing market
The typical Elon home is worth about $348,000, up 1.1% in a year, close to the North Carolina typical home. Homes typically sell in 117 days, close to asking.
Home values, sales, trends and how Elon compares with the towns next door — updated as new data is published.
Elon at a glance
A seller's market
Supply is tight — about 2.9 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Elon | North Carolina |
|---|---|---|
| 2017 | $196,000 | $179,000 |
| 2018 | $204,000 | $190,000 |
| 2019 | $214,000 | $203,000 |
| 2020 | $223,000 | $215,000 |
| 2021 | $245,000 | $242,000 |
| 2022 | $284,000 | $287,000 |
| 2023 | $322,000 | $320,000 |
| 2024 | $333,000 | $332,000 |
| 2025 | $346,000 | $338,000 |
| 2026 | $350,000 | $336,000 |
| August 2026 | $348,000 | $335,000 |
Elon and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Elon | $348K | +1.1% | $1,260 | — | $84,773 |
| Burlington | $255K | +1.2% | $1,400 | 412 | $56,880 |
| Glen Raven | — | +1.2%† | $1,190 | — | $63,173 |
| Gibsonville | $304K | +1.2% | $1,230 | — | $95,861 |
† FHFA price index change, where Zillow has no home value for the town.
4.1 years of income
The typical Elon home costs about 4.1 years of the town's median household income, less than across North Carolina (4.6 years).
How Elon ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,260
HUD's Fair Market Rent for a two-bedroom in Elon is $1,260 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Elon pay a median of $2,080. A two-bedroom takes about 18% of the town's median household income.
Studio $930 · 4 bedrooms $1,840
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (27215, 27244; Burlington, 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.