Elk Park, NC
Population 694 · North Carolina
About Elk Park, NC
Elk Park is a small community located in North Carolina with a population of 694 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,350 per year, which is 41% below the national median of $75,149. The median age of 46.1 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 Elk Park features a median home value of $145,000, which is 41% below the national median of $244,900. This makes Elk Park one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 363 total housing units, 58% are owner-occupied (186 units) and 42% are renter-occupied (135 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Elk Park shows an unemployment rate of 7.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 27.4%, above the national average of 12.4%. Workers in Elk Park have an average one-way commute time of 20.4 minutes.
Education & Demographics
11.9% of Elk Park 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 0.0% White, 1.9% Hispanic or Latino, 0.1% Black or African American, and 1.6% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Elk Park, NC
Compared to national averages, Elk Park has a median household income of $44,350 (41% below the national median of $75,149). Home values average $145,000, which is 41% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within North Carolina, Elk Park's income is 31% below the state average of $64,468, and home values are 37% below the state median of $228,922.
Why Live in Elk Park, NC?
Elk Park offers affordable housing with a median home value of $145,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($44,350) that falls below the national average. However, Elk Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elk Park has a population of 694 with a median age of 46.1 years. Compare Elk Park with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Elk Park
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Grantsboro | 698 | $62,292 | $150,000 | Compare |
| Northwest | 690 | $53,143 | $183,700 | Compare |
| North Topsail Beach | 699 | $106,818 | $453,500 | Compare |
| Jackson | 688 | $48,292 | $55,200 | Compare |
| South Weldon | 688 | $19,250 | $68,300 | Compare |
| Sandyfield | 683 | $32,750 | $83,500 | Compare |
| Kelly | 706 | $51,155 | $125,200 | Compare |
| Hightsville | 707 | $16,289 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Elk Park With Other Cities
Frequently Asked Questions about Elk Park
What is the population of Elk Park, NC?
The population of Elk Park, NC is 694 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in North Carolina.
What is the median household income in Elk Park?
The median household income in Elk Park, NC is $44,350 per year, which is 41% below the national median of $75,149.
What is the median home value in Elk Park?
The median home value in Elk Park, NC is $145,000, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elk Park?
The median monthly rent in Elk Park, NC is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Elk Park?
The unemployment rate in Elk Park, NC is 7.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Elk Park, NC a good place to live?
Elk Park offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 694 and a median age of 46.1, the city appeals to established professionals and retirees.
How educated is Elk Park, NC?
11.9% of residents in Elk Park 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 Elk Park?
Key cost-of-living indicators for Elk Park, NC: median home value is $145,000 (41% below national), median rent is $0/month, and median household income is $44,350. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elk Park?
The poverty rate in Elk Park, NC is 27.4%, 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 Elk Park, NC?
Elk Park's population is 0.0% White, 1.9% Hispanic or Latino, 0.1% Black or African American, 1.6% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.