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ZIP Code · NC

ZIP 27244

Part of Elon, NC
Pop. 16,329·Alamance County·94th most expensive ZIP in North Carolina
Median rent (all units)
$1,685/mo
Year-over-Year
Stable
Month-over-Month
+22.1%
vs US Median
-$280
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 27244 · $1,685
More affordable than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$920
1 BR
$1,120
2 BR
$1,240
3 BR
$1,540
4 BR+
$1,810
Research median
$1,240/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: April 17, 2026

Annual cost
$20,220/yr
At $1,685/mo median
Location
CityElon
StateNC
CountyAlamance County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +22.1% MoM), not inventory.
Demographics

Who lives here

ZIP 27244 (Elon, NC) is majority owner-occupied, skews toward younger working-age adults, 34.7% of residents hold a bachelor's degree or higher.

Population
16,329
Median income
$75,323
Median age
23
Renters
19.2%
Age distribution
15.8%
41.3%
17.6%
12.5%
12.9%
Under 1815.8%
18–3441.3%
35–5417.6%
55–6412.5%
65+12.9%
Gender
45%
55%
Male45%
Female55%
Race & ethnicity
78.1%
12.5%
White78.1%
Black12.5%
Hispanic3.6%
Asian3.2%
Other2.6%
Education (25+)
24.8%
34.3%
34.7%
No HS diploma6.2%
HS diploma24.8%
Some college34.3%
Bachelor's+34.7%
Housing tenure
80.8%
19.2%
Owner80.8%
Renter19.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 27244 in Elon, NC has changed in 5 years

Income
$64,612 → $75,323
up 16.6%
Population
15,914 → 16,329
up 2.6%
Renter share
25.7% → 19.2%
-6.5 pts
Bachelor's+
34.6% → 34.7%
+0.1 pts
Median age
27.7 → 23
-4.7 yrs

Median household income grew from $64,612 to $75,323 between 2021 and 2024, a 16.6% shift. Headcount in the area went from 15,914 to 16,329 between 2021 and 2024, a 2.6% change. About 19.2% of households rent today, against 25.7% in 2021.

Community

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Local insights

Tips for renters in ZIP 27244

About renting in ZIP 27244

Last updated: April 17, 2026

ZIP code 27244 covers Elon, NC. The median rent here is $1,685/mo as of April 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,240/mo.

At 27% of local median household income ($75,323/yr), ZIP 27244 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 27244?

As of April 17, 2026, the median monthly rent in ZIP 27244 (Elon, NC) is $1,685. This is based on aggregated data from public sources and community submissions.

How does ZIP 27244 rent compare to the US average?

ZIP 27244's median rent of $1,685/mo is $280 (14%) below the US national median of $1,965/mo.

How does ZIP 27244 compare to other ZIPs in North Carolina?

ZIP 27244 falls in the middle range for North Carolina, ranking #94 out of 221 ZIPs at $1,685/mo.

How much income do you need to rent in ZIP 27244?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,685/mo in ZIP 27244. The local median household income is $75,323/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 27244?

Rent in ZIP 27244 has been relatively stable over the past year, with a 0.0% change year over year as of April 17, 2026.

Is ZIP 27244 an affordable place to rent?

ZIP 27244 is considered affordable for renters. At $1,685/mo, rent takes approximately 27% of the local median household income ($75,323/yr). The standard benchmark is 30%. ZIP 27244 falls comfortably within that range.

What percentage of ZIP 27244 residents rent vs. own?

According to Census data, approximately 19.2% of ZIP 27244 households are renters, while 80.8% are owner-occupied. ZIP 27244 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 27244 compare to the rest of Elon?

ZIP 27244 is pricier than Elon as a whole. At $1,685/mo, it's $163 above the Elon citywide median of $1,522/mo.

When was rent data for ZIP 27244 last updated?

Rent data for ZIP 27244 reflects April 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,685/mo, rent takes ~27% of ZIP 27244's median household income ($75,323/yr). The standard benchmark is 30%.

ZIP 27244 27%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 27244 (Elon, NC)

Recent submissions

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