Elkton, VA
Population 2,973 · Virginia
About Elkton, VA
Elkton is a small town located in Virginia with a population of 2,973 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,385 per year, which is 18% below the national median of $75,149. The median age of 39 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Elkton features a median home value of $232,300, which is 5% below the national median of $244,900. This positions Elkton in a moderately priced market relative to the rest of the country. Median monthly rent is $745, 36% below the national average of $1,163/month. Of the 1,297 total housing units, 62% are owner-occupied (766 units) and 38% are renter-occupied (473 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Elkton shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elkton have an average one-way commute time of 27.6 minutes.
Education & Demographics
16.1% of Elkton 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, 0.6% Hispanic or Latino, 5.6% Black or African American, and 0.5% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Elkton, VA
Compared to national averages, Elkton has a median household income of $61,385 (18% below the national median of $75,149). Home values average $232,300, which is 5% below the national median. Monthly rent at $745 is 36% below the US average of $1,163. Within Virginia, Elkton's income is 30% below the state average of $87,957, and home values are 29% below the state median of $327,514.
Why Live in Elkton, VA?
Elkton offers affordable housing with a median home value of $232,300, below the US average of $244,900, and rent that’s lower than the national average at $745/month, and a strong job market with an unemployment rate of just 1.8%. Additionally, the city features a low poverty rate of 7.6%, better than the national average.
Potential considerations include median household income ($61,385) that falls below the national average. However, Elkton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elkton has a population of 2,973 with a median age of 39 years. Compare Elkton with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Elkton
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Merrimac | 2,955 | $55,202 | $73,400 | Compare |
| Timberville | 2,998 | $56,837 | $211,500 | Compare |
| Wise | 2,940 | $44,234 | $118,100 | Compare |
| Grottoes | 2,926 | $84,508 | $267,500 | Compare |
| Hillsville | 2,869 | $62,861 | $132,600 | Compare |
| Pearisburg | 2,864 | $72,924 | $160,200 | Compare |
| Arcola | 2,858 | $133,992 | $602,700 | Compare |
| Cloverdale | 3,095 | $71,929 | $338,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Elkton With Other Cities
Frequently Asked Questions about Elkton
What is the population of Elkton, VA?
The population of Elkton, VA is 2,973 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Elkton?
The median household income in Elkton, VA is $61,385 per year, which is 18% below the national median of $75,149.
What is the median home value in Elkton?
The median home value in Elkton, VA is $232,300, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elkton?
The median monthly rent in Elkton, VA is $745, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Elkton?
The unemployment rate in Elkton, VA is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elkton, VA a good place to live?
Elkton offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,973 and a median age of 39, the city appeals to a broad range of residents.
How educated is Elkton, VA?
16.1% of residents in Elkton 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 Elkton?
Key cost-of-living indicators for Elkton, VA: median home value is $232,300 (5% below national), median rent is $745/month, and median household income is $61,385. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Elkton?
The poverty rate in Elkton, VA is 7.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elkton, VA?
Elkton's population is 0.0% White, 0.6% Hispanic or Latino, 5.6% Black or African American, 0.5% Asian, and 0.6% two or more races. 1.0% of residents are foreign-born.