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Featured local agent — Elkmont, AL
Sarah Mitchell
Compass Real Estate · Elkmont, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elkmont, AL Housing Market
The typical home in Elkmont, AL is worth $264,780, held roughly flat 0.2% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $154,550 (through May 2026). With 3.0 months of supply and homes going under contract in about 40 days, Elkmont is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $264,780 home is about $1,361/mo in principal and interest.
Key numbers for Elkmont, AL
Typical home value
$264,780
+0.2% in 12 months
Zillow, July 2026
Median sale price
$154,550
Last published period
Redfin, through February 2026
Days on market
40
Average pace
Redfin, through February 2026
Active listings
3
3.0 months of supply
Redfin, through February 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$47,500
Home costs 5.6x income
U.S. Census ACS, 2023
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Elkmont a buyer's or seller's market?
Elkmont, AL is a balanced market, based on 3.0 months of supply and homes selling in about 40 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Elkmont housing market data show?
Every row below is Redfin's final published month for Elkmont, AL. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $154,550 |
| Median price per sq ft | $73/sq ft |
| Median days on market | 40 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Homes sold (that month) | 1 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Elkmont is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Elkmont is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Elkmont home prices moved?
Across the 33 months we hold for Elkmont, AL, the median sale price fell 7.5%, from $167,000 in April 2021 to $154,550. The live Zillow value series has held roughly flat 0.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Elkmont listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Elkmont?
Priced off the typical home value of $264,780 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $52,956 | $211,824 | $1,361/mo |
| 5% | $13,239 | $251,541 | $1,616/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,361, that implies roughly $58,339 a year before you add taxes and insurance. The median household in Elkmont earns $47,500, about $10,839 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Elkmont in the next 12 months?
Tell us your timeline. We send the Elkmont market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Elkmont?
Zillow does not publish a rent index (ZORI) for Elkmont, AL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Elkmont?
Active listings in Elkmont, AL went from 2 in June 2024 to 3 in February 2026, a +50.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| August 2024 | 4 | 2 |
| September 2024 | 3 | not published |
| October 2024 | 2 | 1 |
| December 2024 | 2 | not published |
| January 2025 | 2 | 1 |
| March 2025 | 1 | 2 |
| April 2025 | 3 | 2 |
| June 2025 | 2 | not published |
| July 2025 | 3 | 1 |
| September 2025 | 2 | not published |
| November 2025 | 3 | not published |
| February 2026 | 3 | not published |
Redfin, through February 2026
How does Elkmont compare to Alabama and the U.S.?
Elkmont homes sell for $154,550 — 51% below the Alabama median of $312,600. Against the national median of $410,700, Elkmont runs 62% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Elkmont, AL | $154,550 | not published | 40 days |
| Alabama statewide | $312,600 | +7.2% | 57 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Elkmont
What buyers should watch
- Months of supply, currently 3.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $255 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $264,780 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Elkmont listing goes under contract in 40 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Your equity moved +0.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Elkmont varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Elkmont
There are currently 3 homes listed for sale in Elkmont, Alabama.
Active listings
3
Homes on market
Avg. days on market
40
Days until sale
How much do homes cost in Elkmont by property type?
How the Elkmont, AL market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $154,550 | $73/sq ft | 1 | 40 days |
Who lives in Elkmont?
American Community Survey estimates for Elkmont. U.S. Census ACS, 2023
Population
327
Households
156
Median income
$47,500/yr
Median age
47 years
Owner-occupied
62.8%
Median home value
$219,200
Median gross rent
$423/mo
Mean commute
26.3 min
62.8% of occupied homes in Elkmont are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $219,200 against Zillow's $264,780 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Elkmont?
2 schools tracked · 976 students
The largest public schools serving Elkmont, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Elkmont High School
Grades 6-12 · 619 students
Elkmont Elementary School
Grades PK-5 · 357 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elkmont, AL?
Ordered by distance from Elkmont, not by size. Compare Elkmont side by side with any of them.
Elkmont housing market FAQ
Is Elkmont a buyer's or seller's market?
Elkmont, AL is currently a balanced market. That read comes from 3.0 months of supply, homes going under contract in about 40 days in the last month Redfin published (May 2026).
How much do homes cost in Elkmont?
The typical home in Elkmont, AL is worth $264,780 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $154,550, about $73 per square foot.
Is Elkmont cheaper than the rest of Alabama?
Elkmont's median sale price of $154,550 is 51% lower than the Alabama statewide median of $312,600, and 62% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Elkmont?
Homes in Elkmont, AL spent a median of 40 days on market before going under contract, versus 57 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Elkmont?
At the current 30-year fixed rate of 6.66%, 20% down on a $264,780 home is about $1,361 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $58,339 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $47,500.
Are home prices rising in Elkmont?
The typical home value in Elkmont, AL held roughly flat 0.2% over the last 12 months, from $264,129 to $264,780 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Elkmont?
Elkmont ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Elkmont?
That depends on your timeline, not on a headline. What the data says today: Elkmont, AL is a balanced market with 3.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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