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Elk Garden

Learn about the people, housing, costs and businesses in Elk Garden, West Virginia

Median Home$88,500
Median Rent$513/month
Population222
Leading IndustriesInformation & Media · Manufacturing · Agriculture & Mining11% information & media
Home Value Growth⬆⬆⬆+26.6% over 2 years
Family-Friendly28% of residentswell above average
Homeowners79% of occupied units
NotableAffordable Market$89k median home · lower cost than 95% of the country
NotableVeteran Community9% of residents · top 22% nationally
Elk Garden
WV

Frequently Asked Questions

What are today's mortgage rates in Elk Garden?

As of today, the 30-year fixed mortgage rate for Elk Garden is approximately 6.992% (7.035% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Elk Garden
What is the median home price in Elk Garden?

The median home value in Elk Garden is $89k. The median monthly rent is $513. Annual property taxes average $520. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Elk Garden?

Home values in Elk Garden have increased 26.6% over the past two years. This indicates a strong appreciation trend. 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 Garden?

Based on a typical all-in ownership cost of $477/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elk Garden is $50k/year.

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What industries drive the economy in Elk Garden?

The largest employment sectors in Elk Garden are public administration (21%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.