Elkville, IL
Population 781 · Illinois
About Elkville, IL
Elkville is a small community located in Illinois with a population of 781 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,600 per year, which is 38% below the national median of $75,149. The median age of 44.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Elkville features a median home value of $74,000, which is 70% below the national median of $244,900. This makes Elkville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $729, 37% below the national average of $1,163/month. Of the 410 total housing units, 67% are owner-occupied (227 units) and 33% are renter-occupied (113 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elkville shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 22.5%, above the national average of 12.4%. Workers in Elkville have an average one-way commute time of 27.1 minutes.
Education & Demographics
8.6% of Elkville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 10.6% White, 2.8% Hispanic or Latino, 0.0% Black or African American, and 1.8% Asian residents, with 5.2% of the population being foreign-born.
Cost of Living in Elkville, IL
Compared to national averages, Elkville has a median household income of $46,600 (38% below the national median of $75,149). Home values average $74,000, which is 70% below the national median. Monthly rent at $729 is 37% below the US average of $1,163. Within Illinois, Elkville's income is 38% below the state average of $75,072, and home values are 55% below the state median of $165,779.
Why Live in Elkville, IL?
Elkville offers affordable housing with a median home value of $74,000, below the US average of $244,900, and rent that’s lower than the national average at $729/month.
Potential considerations include median household income ($46,600) that falls below the national average. However, Elkville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elkville has a population of 781 with a median age of 44.5 years. Compare Elkville with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Elkville
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Evansville | 781 | $63,125 | $84,700 | Compare |
| Wataga | 782 | $57,500 | $95,700 | Compare |
| Albany | 783 | $68,750 | $147,800 | Compare |
| Ringwood | 778 | $157,500 | $364,700 | Compare |
| Glasford | 785 | $83,750 | $97,100 | Compare |
| Ogden | 785 | $84,688 | $148,700 | Compare |
| Pleasant Plains | 785 | $78,542 | $152,000 | Compare |
| Bradford | 773 | $52,386 | $71,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Elkville With Other Cities
Frequently Asked Questions about Elkville
What is the population of Elkville, IL?
The population of Elkville, IL is 781 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Elkville?
The median household income in Elkville, IL is $46,600 per year, which is 38% below the national median of $75,149.
What is the median home value in Elkville?
The median home value in Elkville, IL is $74,000, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elkville?
The median monthly rent in Elkville, IL is $729, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Elkville?
The unemployment rate in Elkville, IL is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Elkville, IL a good place to live?
Elkville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 781 and a median age of 44.5, the city appeals to a broad range of residents.
How educated is Elkville, IL?
8.6% of residents in Elkville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Elkville?
Key cost-of-living indicators for Elkville, IL: median home value is $74,000 (70% below national), median rent is $729/month, and median household income is $46,600. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elkville?
The poverty rate in Elkville, IL is 22.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Elkville, IL?
Elkville's population is 10.6% White, 2.8% Hispanic or Latino, 0.0% Black or African American, 1.8% Asian, and 0.9% two or more races. 5.2% of residents are foreign-born.