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Elk Park town, NC

ZIP 28622 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28622

Median Home Value
$171,100
Median Rent
$458
Affordability Snapshot
$47,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,099/mo PITI).

12%
Rent-to-Income Ratio

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

3.8x
Home Price-to-Income Ratio

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

31.1 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 28622 in Elk Park town, NC, a household would need roughly $47,000 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 $1,099. That is roughly in line with the local median household income ($45,169). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 38% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
77.1%+18% vs US avg
x
Vacancy Rate
37.8%+267% vs US avg
x
Broadband Access
74.2%-15% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
9.0%-30% vs US avg
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
27.0%-46% vs US avg
x
Mortgage-Free
68.8%+80% vs US avg
x
$171,100
Home Value
$458
Rent
1978
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached66.7%
  • 1-unit attached0.3%
  • 2-9 units5.4%
  • 10+ units0.6%
  • Mobile home & other27.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$171,100
Median rent$458
Owner-occupied77.1%
Vacant37.8%
Price-to-income3.8x
Est. income to buy$47,000