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Elon town, NC

ZIP 27244 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 27244

Median Home Value
$248,500
Median Rent
$685
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,596/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

30.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 27244 in Elon town, NC, a household would need roughly $68,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,596. That is roughly in line with the local median household income ($70,982). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.6%+22% vs US avg
x
Vacancy Rate
14.3%+39% vs US avg
x
Broadband Access
86.9%-0% vs US avg
x
4+ Bedrooms
3.3%-78% vs US avg
x
Built Pre-1939
3.1%-76% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
33.2%-33% vs US avg
x
Mortgage-Free
37.4%-2% vs US avg
x
$248,500
Home Value
$685
Rent
1994
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached70.6%
  • 1-unit attached3.9%
  • 2-9 units4.5%
  • 10+ units5.3%
  • Mobile home & other15.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$248,500
Median rent$685
Owner-occupied79.6%
Vacant14.3%
Price-to-income3.5x
Est. income to buy$68,000