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Elk

Learn about the people, housing, costs and businesses in Elk, Kansas

Median Home$213,000
Median Rent$1,070/month
Population274
Leading IndustriesProfessional Services · Construction · Agriculture & Mining3% professional services
Home Value Growth+10.0% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners76% of occupied units
NotableTransit85/100 · excellent transit access
NotableHighly Educated25% bachelor's · 16% graduate · top 18% nationally
Elk City
KS

Frequently Asked Questions

What are today's mortgage rates in Elk?

As of today, the 30-year fixed mortgage rate for Elk is approximately 6.835% (6.869% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Elk?

The median home value in Elk is $213k. The median monthly rent is $1,070. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Elk?

Home values in Elk have increased 10.0% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Elk?

Based on a typical all-in ownership cost of $1,160/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elk is $75k/year.

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What industries drive the economy in Elk?

The largest employment sectors in Elk are public administration (21%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.