Market Overview
Home Prices in Elk Garden, WV
The median home value in Elk Garden, WV is $143,519 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and down 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elk Garden are priced65% below average. Elk Garden is part of the Cumberland, MD-WV metro area.
Over the past five years, Elk Garden home values have risen by approximately9.3%, reflecting steady appreciation in this market.
Price History
Elk Garden Home Price Trend
City Comparison
Elk Garden vs. National Median
At $143,519, homes in Elk Garden cost 65% below the national median of $410,000. This makes Elk Garden a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elk Garden?
20% Down Payment
$28,704
on $143,519
Monthly P&I
$749/mo
30-yr @ 6.8%
Total Monthly Est.
~$951/mo
incl. taxes & insurance
Income Needed
$38,040
gross annual (30% rule)
10% Down Option
$14,352
+ PMI applies
Loan Amount (20% dn)
$114,815
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 Elk Garden, WV?
The median home value in Elk Garden is $143,519 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 Elk Garden?
Over the past year, home values in Elk Garden have increased by 0.8%. Over five years, prices have risen approximately 9.3%.
How much do I need to earn to buy a home in Elk Garden?
To comfortably afford the median home price of $143,519 with a 20% down payment ($28,704) at today's rates (6.8%), you'd need a gross annual income of approximately $38,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Elk Garden compare to the national average home price?
The national median home value is approximately $410,000. At $143,519, homes in Elk Garden are 65% below the national average.
What metro area is Elk Garden part of?
Elk Garden is part of the Cumberland, MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.