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City · 7,213 residents · Montgomery County, Pennsylvania

Elkins Park , Pennsylvania

In Elkins Park, a typical home is worth $401,200 and typical rent is $1,606 a month. Compared with all of Montgomery County, typical household income is 14% higher, the typical home value is 8% lower, and the share of households that own their home is 9 points higher.

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  • Typical home value

    $401,200

    8% below the county

    58% above Pennsylvania

    • Elkins Park
    • Montgomery
    • Pennsylvania

  • Typical rent

    $1,606a month

    5% below the county

    33% above Pennsylvania

    • Elkins Park
    • Montgomery
    • Pennsylvania

  • Typical household income

    $129,852a year

    14% above the county

    67% above Pennsylvania

    • Elkins Park
    • Montgomery
    • Pennsylvania

  • Households that own their home

    80%

    9 points above the county

    11 points above Pennsylvania

    • Elkins Park
    • Montgomery
    • Pennsylvania

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

Market now, with Zillow data

Zillow data
Typical home value
$415,557
2.4% more than 12 months ago
Typical rent
$1,691 a month
4.6% more than 12 months ago

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

Elkins Park is in Montgomery County. The FHA loan limit ($630,200 for a one-unit home), the fair market rents and the help on this page are those of all of Montgomery County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Elkins Park apart

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

  1. Elkins Park has the 10th largest share of rent-burdened renters of the 232 cities in Pennsylvania with more than 5,000 people (69%).

  2. Nearby, in Oreland, the typical rent is $1,261: 21% less than in Elkins Park ($1,606).

  3. Nearby, in Roslyn, the typical home value is $328,800: 18% less than in Elkins Park ($401,200).

  4. 80% of households in Elkins Park own their home, against 71% in Montgomery County.

  5. Elkins Park has the 21st highest typical household income of the 272 cities in Pennsylvania with more than 5,000 people ($129,852).

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

The homes here

Housing in Elkins Park

What homes there are in Elkins Park, 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

In Elkins Park, 5 in 10 homes are single-family detached houses, about the same as in Montgomery County.

Year built

Homes in Elkins Park are older: the typical year built is 1953; in Montgomery County, 1971.

In Elkins Park, 68% of homes have 3 bedrooms or more, about the same as in Montgomery County.

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

$2,897 a month

Montgomery County: $2,441 a month

Owners with a mortgage

61%

Montgomery County: 66%

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

The Census does not compare Elkins Park with 2015–2019 because its boundaries changed. In Montgomery County, over that time, the typical home value rose 38%.

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

MeasureElkins ParkMontgomery CountyPennsylvaniaUnited States
Rental vacancy Unreliable estimate5.5%4.9%5.5%
Homeowner vacancy Unreliable estimate0.8%0.8%0.9%
More than one person per room Unreliable estimate1.8%1.6%3.4%
People per household 2.322.522.392.53
Drive alone 47%64%68%69%
Carpool 10%6%8%9%
Public transit 13%3%4%3%
Walk or bike Unreliable estimate2%4%3%
Work from home 29%23%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 30 to 39 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Elkins Park are smaller: 2.32 people on average; in Montgomery County, 2.52.

In Elkins Park, 13% of workers get to work by public transit; in Montgomery County, 3%.

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 Elkins Park?

A typical home is tight for the typical income

We start with a typical home in Elkins Park, worth $401,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Elkins Park, which is $129,852 a year. For that payment to be 28% of income, a household would need to earn about $159,373 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Elkins Park. 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 $14,042 (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

$3,719

at 7.18% · 30 years

Loan amount
$393,933
Total interest
$566,778
Paid off in
November 2056

Includes $6,775 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,030 a month

  • Tight

    $3,030 to $3,896 a month

    Your payment · 34%

  • Hard

    more than $3,896 a month

Compared with the typical household income in Elkins Park ($129,852 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,719
Principal & interest$2,669
Property tax$705
Home insurance$167
FHA mortgage insurance (MIP)$177

You need at least $14,042 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

Elkins Park and Montgomery County

Elkins Park is in Montgomery County, Pennsylvania. 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).

Elkins Park's own numbers

Typical home value
$401,200
Typical monthly rent
$1,606
Typical yearly household income
$129,852
Households that own their home
80%
Effective property tax rate
2.11%

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

Numbers for all of Montgomery County

FHA limit, one-unit home
$630,200
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,860
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
0.9%

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 Montgomery County.

Everything about Montgomery County

Buying

Buying a home in Elkins Park

A typical home in Elkins Park is worth $401,200: 8% below the county and 58% above Pennsylvania. With the typical household income in Elkins Park ($129,852 a year), a typical home costs 3.1 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.

  • Elkins Park 3.1 years
  • Montgomery 3.8 years
  • Pennsylvania 3.3 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Montgomery County

According to FHFA’s house price index, home prices in Montgomery County rose 77% in the 10 years through 2025.

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

Period County Pennsylvania U.S.
Last year (2025) +4.6% +4.7% +2.9%
5 years (2020–2025) +52% +48% +47%
10 years (2015–2025) +77% +77% +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

Elkins Park next to Montgomery County, Pennsylvania and the U.S.

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

Typical home value
  • Elkins Park $401,200
  • Montgomery $436,700
  • Pennsylvania $254,500
  • United States $332,700
Typical monthly rent
  • Elkins Park $1,606
  • Montgomery $1,683
  • Pennsylvania $1,209
  • United States $1,413
Typical yearly household income
  • Elkins Park $129,852
  • Montgomery $113,915
  • Pennsylvania $77,971
  • United States $80,734
See the full table
Elkins Park next to Montgomery County and Pennsylvania
Measure Elkins Park Montgomery County Pennsylvania U.S.
Typical home value $401,200 $436,700 $254,500 $332,700
Typical monthly rent $1,606 $1,683 $1,209 $1,413
Typical yearly household income $129,852 $113,915 $77,971 $80,734
Households that own their home 80% 71% 69% 65%
Typical yearly property tax $8,455 $5,875 $3,311 $3,119
Effective property tax rate 2.11% 1.35% 1.3% 0.94%
Renters with high rent for their income 69% 49% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Montgomery 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 Elkins Park

For a typical $401,200 home in Elkins Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Elkins Park's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,719a month

    Least cash to close
    Down payment
    $14,042
    Cash to close
    $26,078
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $177

  • Conventional, 5% down $3,645a month

    Down payment
    $20,060
    Cash to close
    $32,096
    Rate
    7.18%
    Mortgage insurance
    PMI · $191

  • Conventional, 20% down, no PMI $3,047a month

    Down payment
    $80,240
    Cash to close
    $92,276
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,418a month

    Down payment
    $60,180
    Cash to close
    $72,216
    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 Elkins Park and for Montgomery County.

Property tax

Effective rate in Elkins Park

2.11%of the home’s value each year

$8,455 a year for the typical owner in Elkins Park.

  • Elkins Park 2.11%
  • Montgomery 1.35%
  • Pennsylvania 1.3%

What Pennsylvania publishes Property Tax/Rent Rebate Program (PTRR) (Pennsylvania Department of Revenue)

Exemptions and deadlines in Pennsylvania

Flood risk in Montgomery County

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

Homes in the high-risk zone
0.9%
2,407
Of those, with NFIP insurance
47%
County Pennsylvania U.S.
Homes in the high-risk zone 0.9% 2% 3.5%
Of those, with NFIP insurance 47% 23% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Elkins Park

Typical rent in Elkins Park is $1,606 a month: 5% below the county. In Elkins Park, 69% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Montgomery County, by unit size. To pay the 2-bedroom one ($1,860 a month) without spending more than 30% of your income, you would need to earn $35.77 an hour working full time.

HUD fair market rent for all of Montgomery 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 $1,438 $27.65 $57,520
1 bedroom $1,558 $29.96 $62,320
2 bedrooms $1,860 $35.77 $74,400
3 bedrooms $2,216 $42.62 $88,640
4 bedrooms $2,445 $47.02 $97,800

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 Elkins Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Elkins Park is in ZIP code 19027.

For 2 bedrooms it is $1,840: $20 less than the fair market rent for Montgomery County ($1,860).

  • 19027 $1,840$2,190

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Elkins Park 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 Elkins Park

HUD lists 2 buildings with rents for lower incomes in Elkins Park. These are the largest.

  • Park View at Cheltenham 1990 Ashbourne Rd, Elkins Park 19027 75 homes, 74 low-income · 1 bd: 52 · 2 bd: 23 · In service since 2006 · For older adults
  • 509 Ashbourne Road 1509 Ashbourne Rd, Elkins Park 19027 85 homes

See all 58 buildings in Montgomery County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Elkins Park

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 are 2 HUD-approved agencies with an office in Montgomery County; 1 says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Elkins Park

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

Which programs do I qualify for? All programs in Pennsylvania

Housing counselors near Elkins Park

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

  • CCCS of Delaware Valley, Inc. DBA Clarifi

    101 Greenwood Avenue, Jenkintown · 1 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (800) 989-2227

  • Northwest Counseling Service

    6521 N Broad St, Philadelphia · 2 miles away

    Also serves in Hindi.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (215) 324-7500

  • West Oak Lane Community Development

    1624 E Wadsworth Ave, Philadelphia · 2 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (215) 224-8339

Every agency in Montgomery County All counseling agencies in Pennsylvania

Help in Spanish near Elkins Park

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 Elkins Park

HUD’s record names them for Elkins Park or Montgomery County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Montgomery County Housing Authority Public housing and Section 8 vouchers (610) 275-5720

All housing agencies in Pennsylvania Source: HUD

Cities

Other cities in Montgomery County

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

Everything about Montgomery County Housing in Pennsylvania
See 20 more cities in Montgomery County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Elkins Park, with the typical home value.

Neighboring counties

If Montgomery 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 Elkins Park.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Elkins Park

Short answers with the numbers for Elkins Park and all of Montgomery 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 Elkins Park?

The typical home value in Elkins Park is $401,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Montgomery County it is $436,700.

How much does it cost to rent in Elkins Park?

Typical rent in Elkins Park is $1,606 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Montgomery County is $1,860.

What is the FHA loan limit in Elkins Park?

Elkins Park uses the FHA limit for all of Montgomery County (2026): $630,200 for a one-unit home and $1,211,950 for a four-unit home.

How much property tax do owners pay in Elkins Park?

The typical homeowner in Elkins Park pays $8,455 a year, according to the U.S. Census Bureau. That is 2.11% of the home’s value; in Montgomery County, the rate is 1.35%.

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

There are 2 HUD-approved counseling agencies with an office in Montgomery County. 1 says it serves in Spanish. 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).