Elk County, Kansas Housing Market
In Elk County, Kansas, the median home value is $68,500, with a median monthly rent of $552. This places Elk County at #3118 nationally out of 3134 counties by median home value, and #102 within Kansas.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $794
- Establishments: 52
- BLS QCEW, 2025
Migration Patterns
- Inflow: 944 (avg $53,656)
- Outflow: 888 (avg $54,616)
- IRS Statistics of Income
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| Metric | Elk County | Kansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $68,500 | $138,824 | $227,706 |
| Median Gross Rent | $552 | $802 | $968 |
| Owner Occupancy Rate | 78.8% | 74.2% | 73.3% |
| Price/Rent Ratio | 10.3 | 14.2 | 18.7 |
Market Analysis
The median home value in Elk County is 50.7% below the Kansas state average and 69.9% below the U.S. national average. The median rent of $552/month is 31.2% below the state average.
With a price-to-rent ratio of 10.3, buying a home in Elk County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Elk County has an owner-occupancy rate of 78.8%, compared to 74.2% in Kansas and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Taliaferro County | Georgia | $68,900 | $638 |
| Leslie County | Kentucky | $69,000 | $585 |
| Stanton County | Kansas | $67,800 | $705 |
| Comanche County | Kansas | $69,600 | $692 |
| Letcher County | Kentucky | $67,400 | $669 |
Other Counties in Kansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Stanton County | $67,800 | $705 | 76.5% |
| Comanche County | $69,600 | $692 | 73.4% |
| Edwards County | $70,900 | $740 | 79.2% |
| Chautauqua County | $65,500 | $708 | 82.0% |
| Jewell County | $64,600 | $608 | 74.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).