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City · 11,032 residents · Alamance County, North Carolina

Elon , North Carolina

In Elon, a typical home is worth $366,300 and typical rent is $2,080 a month. Compared with all of Alamance County, typical rent is 95% higher, the typical home value is 52% higher, and the share of households that own their home is 5 points higher.

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  • Typical home value

    $366,300

    52% above the county

    27% above North Carolina

    • Elon
    • Alamance
    • North Carolina

  • Typical rent

    $2,080a month

    95% above the county

    69% above North Carolina

    • Elon
    • Alamance
    • North Carolina

  • Typical household income

    $84,773a year

    29% above the county

    17% above North Carolina

    • Elon
    • Alamance
    • North Carolina

  • Households that own their home

    70%

    5 points above the county

    3 points above North Carolina

    • Elon
    • Alamance
    • North Carolina

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$344,099
0.9% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Elon is in Alamance County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Alamance County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Elon apart

What this place has that others do not, from public data, most unusual first.

  1. The typical rent in Elon is $2,080 a month, 95% more than in Alamance County as a whole ($1,064).

  2. Nearby, in Gibsonville, the typical rent is $1,034: 50% less than in Elon ($2,080).

  3. The typical home in Elon is worth $366,300, 52% more than in Alamance County as a whole ($241,500).

  4. Nearby, in Burlington, the typical home value is $199,200: 46% less than in Elon ($366,300).

  5. Elon has the 5th largest share of rent-burdened renters of the 136 cities in North Carolina with more than 5,000 people (75%).

  6. The typical household income in Elon is $84,773, 29% more than in Alamance County as a whole ($65,651).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Elon

What homes there are in Elon, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Elon: 68% of homes, near the figure in Alamance County (66%).

Year built

Homes in Elon are newer: the typical year built is 1997; in Alamance County, 1988.

Homes in Elon are bigger: 82% have 3 bedrooms or more; in Alamance County, 63%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,972 a month

Alamance County: $1,435 a month

Without a mortgage

$564 a month

Alamance County: $450 a month

Owners with a mortgage

69%

Alamance County: 61%

In Elon, 69% of owners have a mortgage, and their typical cost is $1,972 a month, against $1,435 in Alamance County. Without one it drops to $564.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Elon rose 45%; in Alamance County, it rose 56%.

Since 2015–2019, the typical rent in Elon rose 62%, more than in Alamance County (31%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureElonAlamance CountyNorth CarolinaUnited States
Rental vacancy Unreliable estimate5.3%7.1%5.5%
Homeowner vacancy Unreliable estimate0.8%1.3%0.9%
More than one person per room Unreliable estimate2.0%2.2%3.4%
People per household 2.612.442.442.53
Drive alone 64%78%72%69%
Carpool Unreliable estimate8%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike 20%2%2%3%
Work from home 12%11%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.61 on average, against 2.44 in Alamance County.

Many here get to work on foot or by bike: 20%, more than in Alamance County (2%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Elon?

A typical home costs more than the typical income allows

We start with a typical home in Elon, worth $366,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 42% of the typical household income in Elon, which is $84,773 a year. For that payment to be 28% of income, a household would need to earn about $127,325 a year.

The calculator's FHA and conventional loan limits are those of all of Alamance County.

Your numbers

Local data
$

Starts at the typical home value in Elon. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,821 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,971

at 7.18% · 30 years

Loan amount
$359,665
Total interest
$517,473
Paid off in
November 2056

Includes $6,186 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,978 a month

  • Tight

    $1,978 to $2,543 a month

  • Hard

    more than $2,543 a month

    Your payment · 42%

Compared with the typical household income in Elon ($84,773 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,971
Principal & interest$2,436
Property tax$220
Home insurance$153
FHA mortgage insurance (MIP)$162

You need at least $12,821 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Elon and Alamance County

Elon is in Alamance County, North Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Elon's own numbers

Typical home value
$366,300
Typical monthly rent
$2,080
Typical yearly household income
$84,773
Households that own their home
70%
Effective property tax rate
0.72%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Alamance County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,348
Price change over 5 years (FHFA)
+65%
Homes in a high flood-risk zone
0.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Alamance County.

Everything about Alamance County

Buying

Buying a home in Elon

A typical home in Elon is worth $366,300: 52% above the county and 27% above North Carolina. With the typical household income in Elon ($84,773 a year), a typical home costs 4.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Elon 4.3 years
  • Alamance 3.7 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Alamance County

According to FHFA’s house price index, home prices in Alamance County rose 105% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Alamance County.

Period County North Carolina U.S.
Last year (2025) +1.3% +2.5% +2.9%
5 years (2020–2025) +65% +60% +47%
10 years (2015–2025) +105% +107% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Elon next to Alamance County, North Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Elon $366,300
  • Alamance $241,500
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Elon $2,080
  • Alamance $1,064
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Elon $84,773
  • Alamance $65,651
  • North Carolina $72,388
  • United States $80,734
See the full table
Elon next to Alamance County and North Carolina
Measure Elon Alamance County North Carolina U.S.
Typical home value $366,300 $241,500 $288,900 $332,700
Typical monthly rent $2,080 $1,064 $1,228 $1,413
Typical yearly household income $84,773 $65,651 $72,388 $80,734
Households that own their home 70% 65% 67% 65%
Typical yearly property tax $2,646 $1,494 $1,896 $3,119
Effective property tax rate 0.72% 0.62% 0.66% 0.94%
Renters with high rent for their income 75% 47% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Alamance County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Elon

For a typical $366,300 home in Elon, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Elon's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,971a month

    Least cash to close
    Down payment
    $12,821
    Cash to close
    $23,810
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $162

  • Conventional, 5% down $2,904a month

    Down payment
    $18,315
    Cash to close
    $29,304
    Rate
    7.18%
    Mortgage insurance
    PMI · $174

  • Conventional, 20% down, no PMI $2,358a month

    Down payment
    $73,260
    Cash to close
    $84,249
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,696a month

    Down payment
    $54,945
    Cash to close
    $65,934
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Elon and for Alamance County.

Property tax

Effective rate in Elon

0.72%of the home’s value each year

$2,646 a year for the typical owner in Elon.

  • Elon 0.72%
  • Alamance 0.62%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in Alamance County

FEMA does not publish these numbers by city: they are for all of Alamance County.

Homes in the high-risk zone
0.6%
349
Of those, with NFIP insurance
53%
County North Carolina U.S.
Homes in the high-risk zone 0.6% 2.8% 3.5%
Of those, with NFIP insurance 53% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Elon

Typical rent in Elon is $2,080 a month: 95% above the county. In Elon, 75% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Alamance County, by unit size. To pay the 2-bedroom one ($1,348 a month) without spending more than 30% of your income, you would need to earn $25.92 an hour working full time.

HUD fair market rent for all of Alamance County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,076 $20.69 $43,040
1 bedroom $1,238 $23.81 $49,520
2 bedrooms $1,348 $25.92 $53,920
3 bedrooms $1,658 $31.88 $66,320
4 bedrooms $2,088 $40.15 $83,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Elon

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Elon is in ZIP code 27244.

For 2 bedrooms it is $1,230: $118 less than the fair market rent for Alamance County ($1,348).

  • 27244 $1,230$1,520

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Elon when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Elon

HUD lists one building with rents for lower incomes in Elon.

  • Arc/HDS Alamance County GH #11 500 Veterans Dr, Elon 27244 6 low-income homes · For people with disabilities (336) 584-0769

See all 46 buildings in Alamance County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Elon

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Alamance County; none says it serves in Spanish.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Elon

No down payment, repair or rent-help program on our list is for Elon or Alamance County. The ones below are statewide in North Carolina: they work in Elon the same as in the rest of the state.

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near Elon

The HUD-approved agencies closest to the center of Elon, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • CCCS of Greater Greensboro

    236 N. Mebane St., Burlington · 4 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (336) 373-8882

  • Greensboro Housing Coalition

    1031 Summit Ave, Greensboro · 15 miles away

    • Budget and financial counseling
    • Homelessness services
    • and 2 more
    (336) 691-9521

  • Housing Consultants Group

    1031 Summit Ave, Greensboro · 15 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (336) 553-0946

Every agency in Alamance County All counseling agencies in North Carolina

Help in Spanish near Elon

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Elon

In HUD’s record, no housing authority with an office in Alamance County is named for Elon or Alamance County.

2 other authorities have an office in Alamance County: see the list Source: HUD

Cities

Other cities in Alamance County

These cities are also in Alamance County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Alamance County Housing in North Carolina

Nearby cities

The cities closest to Elon, with the typical home value.

Neighboring counties

If Alamance County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Elon.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about Elon

Short answers with the numbers for Elon and all of Alamance County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Elon?

The typical home value in Elon is $366,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Alamance County it is $241,500.

How much does it cost to rent in Elon?

Typical rent in Elon is $2,080 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Alamance County is $1,348.

What is the FHA loan limit in Elon?

Elon uses the FHA limit for all of Alamance County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Elon?

The typical homeowner in Elon pays $2,646 a year, according to the U.S. Census Bureau. That is 0.72% of the home’s value; in Alamance County, the rate is 0.62%.

Where can I find free help to buy or rent in Elon?

There is 1 HUD-approved counseling agency with an office in Alamance County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).