Elk County, Kansas Housing Market Prices
Elk County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 3% below the Kansas median$101,786
-
Median rent 48% below the Kansas median Among the top 3 cheapest counties in Kansas$552
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Elk County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $101,786 | $104,644 | $248,835 |
| Price Trend (Annual %) | 36.1% | 4.4% | 7.5% |
| Median Gross Rent | $552 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 1.6% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Elk County is about 3% lower than in Kansas. Rent is about 48% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Elk County, up about 36.1% and 1.6% a year respectively. Home prices are changing faster.
Median rent in Elk County rose about 3.8% between 2015 and 2024, from $532 to $552. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Elk County.
Buying the median-priced home in Elk County costs roughly 15.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Elk County. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Elk County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $101,786 | $104,644 | $248,835 |
| Median Household Income | $61,925 | $74,287 | $80,455 |
| Price-to-Income Ratio | 1.6 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Elk County rose about 79.0%, while median household income rose about 73.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Elk County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.8% | 60.9% | 58.5% |
| Rental Rate | 14.2% | 29.8% | 31.2% |
| Vacancy Rate | 33.0% | 9.2% | 10.2% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Elk County has a homeownership rate of 52.8%, lower than the Kansas average of 60.9%. Its housing vacancy rate is 33.0%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Elk County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1955 | 1975 | 1978 |
| Median Number of Rooms | 6.3 | 6.0 | 5.5 |
The typical housing unit in Elk County was built around 1955. On average, 2.4 people live in a home with about 6.3 rooms, staying for about 20.0 years on average.
Elk County, KS Housing Compared With Nearby Counties
How Elk County, KS compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Elk County, KS | 2,453 | $101,786 #1/2 | $552 #2/2 | 78.8% #1/2 |
| Montgomery County, KS | 30,940 | $31,389 | $761 | 72.9% |
Frequently Asked Questions
Common questions about the housing market in Elk County, Kansas.
What is the median home price in Elk County, Kansas?
The median home price in Elk County, Kansas is $101,786, lower than the Kansas average of $104,644.
What is the average home price in Elk County, Kansas?
The typical home price in Elk County, Kansas, reported as the median sale price, is $101,786. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Elk County, Kansas?
The median gross rent in Elk County, Kansas is $552 per month, lower than the Kansas average of $1,060.
What was the median gross rent in Elk County in 2020?
In 2020, the median gross rent in Elk County, Kansas was $482 per month.
What is the price-to-rent ratio in Elk County, Kansas?
The price-to-rent ratio in Elk County, Kansas is about 15.4, meaning it would take roughly 15.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Elk County.
Are home prices or rent rising faster in Elk County, Kansas?
Both home prices and rent are rising in Elk County, up about 36.1% and 1.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Elk County, Kansas?
52.8% of households in Elk County, Kansas own their home, lower than the Kansas average of 60.9%.
What is the vacancy rate in Elk County, Kansas?
The housing vacancy rate in Elk County, Kansas is 33.0%, higher than the Kansas average of 9.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →