Market Overview
Home Prices in Elkins, WV
The median home value in Elkins, WV is $172,191 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elkins are priced58% below average. Elkins is part of the Elkins, WV metro area.
Over the past five years, Elkins home values have risen by approximately22.9%, reflecting strong long-term appreciation in this market.
Price History
Elkins Home Price Trend
City Comparison
Elkins vs. National Median
At $172,191, homes in Elkins cost 58% below the national median of $410,000. This makes Elkins a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elkins?
20% Down Payment
$34,438
on $172,191
Monthly P&I
$898/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,140/mo
incl. taxes & insurance
Income Needed
$45,600
gross annual (30% rule)
10% Down Option
$17,219
+ PMI applies
Loan Amount (20% dn)
$137,753
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 Elkins, WV?
The median home value in Elkins is $172,191 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Elkins?
Over the past year, home values in Elkins have increased by 1.4%. Over five years, prices have risen approximately 22.9%.
How much do I need to earn to buy a home in Elkins?
To comfortably afford the median home price of $172,191 with a 20% down payment ($34,438) at today's rates (6.8%), you'd need a gross annual income of approximately $45,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Elkins compare to the national average home price?
The national median home value is approximately $410,000. At $172,191, homes in Elkins are 58% below the national average.
What metro area is Elkins part of?
Elkins is part of the Elkins, WV metropolitan area. Home prices and market conditions can vary across the broader metro region.