Market Overview
Home Prices in Elon, NC
The median home value in Elon, NC is $354,344 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elon are priced14% below average. Elon is part of the Burlington, NC metro area.
Over the past five years, Elon home values have risen by approximately32.3%, reflecting strong long-term appreciation in this market.
Price History
Elon Home Price Trend
2020
$232,881
$233K
—
2021
$267,797
$268K
+15.0%
2022
$322,117
$322K
+20.3%
2023
$330,482
$330K
+2.6%
2024
$347,686
$348K
+5.2%
2025
$351,457
$351K
+1.1%
2026
$354,344
$354K
+0.8%
City Comparison
Elon vs. National Median
🏠 Elon
$354,344
National Median
$410,000
At $354,344, homes in Elon cost 14% below the national median of $410,000. This makes Elon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elon?
20% Down Payment
$70,869
on $354,344
Monthly P&I
$1,848/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,347/mo
incl. taxes & insurance
Income Needed
$93,880
gross annual (30% rule)
10% Down Option
$35,434
+ PMI applies
Loan Amount (20% dn)
$283,475
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 Elon, NC?
The median home value in Elon is $354,344 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Elon?
Over the past year, home values in Elon have increased by 0.8%. Over five years, prices have risen approximately 32.3%.
How much do I need to earn to buy a home in Elon?
To comfortably afford the median home price of $354,344 with a 20% down payment ($70,869) at today's rates (6.8%), you'd need a gross annual income of approximately $93,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Elon compare to the national average home price?
The national median home value is approximately $410,000. At $354,344, homes in Elon are 14% below the national average.
What metro area is Elon part of?
Elon is part of the Burlington, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.