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City · 10,221 residents · Walworth County, Wisconsin

Elkhorn , Wisconsin

In Elkhorn, a typical home is worth $273,600 and typical rent is $1,034 a month. Compared with all of Walworth County, typical rent is 10% lower, the typical home value is 10% lower, and the share of households that own their home is 16 points lower.

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  • Typical home value

    $273,600

    10% below the county

    3% above Wisconsin

    • Elkhorn
    • Walworth
    • Wisconsin

  • Typical rent

    $1,034a month

    10% below the county

    5% below Wisconsin

    • Elkhorn
    • Walworth
    • Wisconsin

  • Typical household income

    $77,649a year

    4% below the county

    About the same as Wisconsin

    • Elkhorn
    • Walworth
    • Wisconsin

  • Households that own their home

    55%

    16 points below the county

    13 points below Wisconsin

    • Elkhorn
    • Walworth
    • Wisconsin

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

Market now, with Zillow data

Zillow data
Typical home value
$342,685
2% more than 12 months ago

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

Elkhorn is in Walworth 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 Walworth County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Elkhorn apart

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

  1. 55% of households in Elkhorn own their home, against 71% in Walworth County.

  2. Nearby, in Delavan, the typical home value is $218,800: 20% less than in Elkhorn ($273,600).

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Elkhorn rose 2%; in Wisconsin, it rose 5.1%.

  4. 14% of households in Elkhorn have no internet at home (6% in Walworth County).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Elkhorn

What homes there are in Elkhorn, 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

Homes in Elkhorn are varied: detached houses are the largest group, at 47%, against 70% in Walworth County.

Year built

The typical home in Elkhorn was built in 1990, 13 years after the typical one in Walworth 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

$1,798 a month

Walworth County: $1,746 a month

Without a mortgage

$662 a month

Walworth County: $723 a month

Owners with a mortgage

74%

Walworth County: 63%

The typical cost for an owner with a mortgage in Elkhorn is $1,798 a month, near the figure in Walworth County ($1,746).

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 Elkhorn rose 55%; in Walworth County, it rose 49%.

Since 2015–2019, the typical rent in Elkhorn rose 24%, less than in Walworth County (31%).

While home values in Elkhorn changed +55% and rent +24%, the typical household income rose 43%.

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

MeasureElkhornWalworth CountyWisconsinUnited States
Rental vacancy Unreliable estimate6.2%4.5%5.5%
Homeowner vacancy Unreliable estimate0.8%0.5%0.9%
More than one person per room Unreliable estimate1.9%1.7%3.4%
People per household 2.362.382.332.53
Drive alone 79%77%74%69%
Carpool 10%8%7%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate3%3%3%
Work from home 10%11%13%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimateUnreliable estimate10 to 19 minutes20 to 29 minutes

Much as in Walworth County, a household in Elkhorn has 2.36 people on average.

To get to work, 79% of workers in Elkhorn drive alone; in Walworth County, 77%.

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 Elkhorn?

A typical home costs more than the typical income allows

We start with a typical home in Elkhorn, worth $273,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Elkhorn, which is $77,649 a year. For that payment to be 28% of income, a household would need to earn about $102,822 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Elkhorn. 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 $9,576 (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

$2,399

at 7.18% · 30 years

Loan amount
$268,644
Total interest
$386,516
Paid off in
November 2056

Includes $4,620 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,812 a month

  • Tight

    $1,812 to $2,329 a month

  • Hard

    more than $2,329 a month

    Your payment · 37%

Compared with the typical household income in Elkhorn ($77,649 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,399
Principal & interest$1,820
Property tax$344
Home insurance$114
FHA mortgage insurance (MIP)$121

You need at least $9,576 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

Elkhorn and Walworth County

Elkhorn is in Walworth County, Wisconsin. 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).

Elkhorn's own numbers

Typical home value
$273,600
Typical monthly rent
$1,034
Typical yearly household income
$77,649
Households that own their home
55%
Effective property tax rate
1.51%

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

Numbers for all of Walworth County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,300
Price change over 5 years (FHFA)
+59%
Homes in a high flood-risk zone
0.2%

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 Walworth County.

Everything about Walworth County

Buying

Buying a home in Elkhorn

A typical home in Elkhorn is worth $273,600: 10% below the county and 3% above Wisconsin. With the typical household income in Elkhorn ($77,649 a year), a typical home costs 3.5 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.

  • Elkhorn 3.5 years
  • Walworth 3.8 years
  • Wisconsin 3.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Walworth County

According to FHFA’s house price index, home prices in Walworth County rose 103% in the 10 years through 2025.

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

Period County Wisconsin U.S.
Last year (2025) +5.8% +5.4% +2.9%
5 years (2020–2025) +59% +57% +47%
10 years (2015–2025) +103% +96% +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

Elkhorn next to Walworth County, Wisconsin and the U.S.

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

Typical home value
  • Elkhorn $273,600
  • Walworth $302,700
  • Wisconsin $266,500
  • United States $332,700
Typical monthly rent
  • Elkhorn $1,034
  • Walworth $1,150
  • Wisconsin $1,087
  • United States $1,413
Typical yearly household income
  • Elkhorn $77,649
  • Walworth $80,520
  • Wisconsin $77,485
  • United States $80,734
See the full table
Elkhorn next to Walworth County and Wisconsin
Measure Elkhorn Walworth County Wisconsin U.S.
Typical home value $273,600 $302,700 $266,500 $332,700
Typical monthly rent $1,034 $1,150 $1,087 $1,413
Typical yearly household income $77,649 $80,520 $77,485 $80,734
Households that own their home 55% 71% 68% 65%
Typical yearly property tax $4,145 $4,036 $3,792 $3,119
Effective property tax rate 1.51% 1.33% 1.42% 0.94%
Renters with high rent for their income 40% 42% 44% 51%

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

For a typical $273,600 home in Elkhorn, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Elkhorn's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,399a month

    Least cash to close
    Down payment
    $9,576
    Cash to close
    $17,784
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $121

  • Conventional, 5% down $2,349a month

    Down payment
    $13,680
    Cash to close
    $21,888
    Rate
    7.18%
    Mortgage insurance
    PMI · $130

  • Conventional, 20% down, no PMI $1,941a month

    Down payment
    $54,720
    Cash to close
    $62,928
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,194a month

    Down payment
    $41,040
    Cash to close
    $49,248
    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 Elkhorn and for Walworth County.

Property tax

Effective rate in Elkhorn

1.51%of the home’s value each year

$4,145 a year for the typical owner in Elkhorn.

  • Elkhorn 1.51%
  • Walworth 1.33%
  • Wisconsin 1.42%

What Wisconsin publishes Lottery and Gaming Credit for your primary residence (Wisconsin Department of Revenue)

Exemptions and deadlines in Wisconsin

Flood risk in Walworth County

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

Homes in the high-risk zone
0.2%
78
Of those, with NFIP insurance
38%
County Wisconsin U.S.
Homes in the high-risk zone 0.2% 1.4% 3.5%
Of those, with NFIP insurance 38% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Elkhorn

Typical rent in Elkhorn is $1,034 a month: 10% below the county. In Elkhorn, 40% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Walworth County, by unit size. To pay the 2-bedroom one ($1,300 a month) without spending more than 30% of your income, you would need to earn $25.00 an hour working full time.

HUD fair market rent for all of Walworth 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 $905 $17.40 $36,200
1 bedroom $994 $19.12 $39,760
2 bedrooms $1,300 $25.00 $52,000
3 bedrooms $1,625 $31.25 $65,000
4 bedrooms $2,142 $41.19 $85,680

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 Elkhorn

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Elkhorn is in ZIP code 53121.

For 2 bedrooms it is $1,200: $100 less than the fair market rent for Walworth County ($1,300).

  • 53121 $1,200$1,500

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

HUD lists 5 buildings with rents for lower incomes in Elkhorn. These are the largest.

  • Jackson Creek Senior Apts 209 Grant St, Elkhorn 53121 48 homes, 43 low-income · 1 bd: 23 · 2 bd: 25 · In service since 1998
  • Sedgemeadow 18 West St, Elkhorn 53121 48 homes, 43 low-income · 1 bd: 26 · 2 bd: 22 · In service since 2003 · For older adults
  • First Avenue Apts 505 E 1st Ave, Elkhorn 53121 40 low-income homes · 1 bd: 6 · 2 bd: 28 · 3 bd: 5 · In service since 1991
  • First Avenue Apts II 509 E 1st Ave, Elkhorn 53121 16 low-income homes · 2 bd: 10 · 3 bd: 6 · In service since 1993
  • Walworth Apartments 323 W Court St, Elkhorn 53121 139 homes, 7 low-income · 1 bd: 119 · 2 bd: 12 · 3 bd: 8 · In service since 2012

See all 21 buildings in Walworth County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Elkhorn

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.

We found no HUD-approved agencies with an office in Walworth County. The nearest ones are below; many serve by phone or online.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Elkhorn

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

Which programs do I qualify for? All programs in Wisconsin

  • WHEDA Easy Close Advantage DPA

    Statewide in Wisconsin

    Wisconsin state agency second mortgage for the down payment: up to 6% of the price, over 10 years with a monthly payment and the same rate as the WHEDA first mortgage. Offered by Wisconsin Housing and Economic Development Authority (WHEDA).

    Repayable

    See the program Official page

  • WHEDA Capital Access DPA

    Statewide in Wisconsin

    Limited funds remain, per the source

    $7,500 loan from the Wisconsin state agency for the down payment and closing costs, over 30 years, at 0% and with no monthly payments, alongside a WHEDA mortgage; limited funds, first come, first served. Offered by Wisconsin Housing and Economic Development Authority (WHEDA).

    Deferred

    See the program Official page

Housing counselors near Elkhorn

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

  • Jefferson County at Home

    874 Collins Rd, Jefferson · 26 miles away

    • Home improvement and repairs
    • Pre-purchase counseling
    • and 2 more
    (920) 674-7500

  • Housing Resources Inc - Waukesha

    217 Wisconsin Avenue Suite 411, Waukesha · 28 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 2 more
    (262) 522-1230

  • La Casa de Esperanza, Inc.

    134 Wisconsin Ave, Waukesha · 28 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 4 more
    (262) 547-0887

All counseling agencies in Wisconsin

Help in Spanish near Elkhorn

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 Elkhorn

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

All housing agencies in Wisconsin Source: HUD

Cities

Other cities in Walworth County

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

Everything about Walworth County Housing in Wisconsin

Nearby cities

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

Neighboring counties

If Walworth 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 Elkhorn.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Elkhorn

Short answers with the numbers for Elkhorn and all of Walworth 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 Elkhorn?

The typical home value in Elkhorn is $273,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Walworth County it is $302,700.

How much does it cost to rent in Elkhorn?

Typical rent in Elkhorn is $1,034 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Walworth County is $1,300.

What is the FHA loan limit in Elkhorn?

Elkhorn uses the FHA limit for all of Walworth 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 Elkhorn?

The typical homeowner in Elkhorn pays $4,145 a year, according to the U.S. Census Bureau. That is 1.51% of the home’s value; in Walworth County, the rate is 1.33%.

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

We found no HUD-approved counseling agencies with an office in Walworth County; the nearest ones are on this page. 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).