Market Overview
Home Prices in Elkhorn City, KY
The median home value in Elkhorn City, KY is $100,124 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 9.1% compared to a year ago and up 7.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elkhorn City are priced76% below average.
Over the past five years, Elkhorn City home values have fallen by approximately5.9%, reflecting softening conditions in this market.
Price History
Elkhorn City Home Price Trend
2020
$92,142
$92K
—
2021
$106,396
$106K
+15.5%
2022
$109,994
$110K
+3.4%
2023
$92,664
$93K
-15.8%
2024
$102,216
$102K
+10.3%
2025
$110,137
$110K
+7.7%
2026
$100,124
$100K
-9.1%
City Comparison
Elkhorn City vs. National Median
🏠 Elkhorn City
$100,124
National Median
$410,000
At $100,124, homes in Elkhorn City cost 76% below the national median of $410,000. This makes Elkhorn City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elkhorn City?
20% Down Payment
$20,025
on $100,124
Monthly P&I
$522/mo
30-yr @ 6.8%
Total Monthly Est.
~$663/mo
incl. taxes & insurance
Income Needed
$26,520
gross annual (30% rule)
10% Down Option
$10,012
+ PMI applies
Loan Amount (20% dn)
$80,099
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elkhorn City, KY?
The median home value in Elkhorn City is $100,124 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 9.1% year-over-year.
How much have home prices changed in Elkhorn City?
Over the past year, home values in Elkhorn City have decreased by 9.1%. Over five years, prices have fallen approximately 5.9%.
How much do I need to earn to buy a home in Elkhorn City?
To comfortably afford the median home price of $100,124 with a 20% down payment ($20,025) at today's rates (6.8%), you'd need a gross annual income of approximately $26,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Elkhorn City compare to the national average home price?
The national median home value is approximately $410,000. At $100,124, homes in Elkhorn City are 76% below the national average.