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Elon

Elon

Located in Alamance County

$166 Average Price per Sq Ft
3 Homes For Sale

Elon's academic history and culture

In 1881, Elon was known as Mill Point, named for being a railroad depot stop between cotton mills in both Charlotte and Goldsboro. Sometime later, the local college changed its name to Elon College, and the town took the same moniker. When the college transitioned to a university, the town became simply Elon. Today, it’s still best known for being home to the private institution, Elon University. “The university is a huge part of the town's culture and our history. It continues to be a huge and incredible partner to our town,” says Elon Mayor Emily Sharpe. According to the 2020 census, there are 11,000 residents, with the town’s largest employer being the university, but global corporations like LabCorp are just a few miles away. “We are uniquely situated right between the triangle and triad regions of North Carolina, which really opens up employment opportunities for people who live here.”

The town of Elon is a thriving small town in the middle of the state.
The town of Elon is a thriving small town in the middle of the state.
Downtown Elon has several areas to spend the day relaxing.
Downtown Elon has several areas to spend the day relaxing.
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New construction on the horizon

The median price of a single-family house is around $415,000, just over the national median. Homes tend to stay on the market for an average of 21 days. On the edges of town, newly built transitional-style homes are priced from around $475,000 to $630,000. Condos on the east side of town sell for $190,000 to $475,000. “We have lots of new homes being built in the town of Elon right now and many on the horizon,” Sharpe says. The addition of multi-use neighborhoods will allow for more retail space.

New construction is helping grow the town of Elon.
New construction is helping grow the town of Elon.
New Traditional homes in Elon sit on large lots.
New Traditional homes in Elon sit on large lots.
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Studying at Elon University

Elon University is a small liberal arts four-year institution. It was ranked No.1 in the nation for excellence in undergraduate teaching by U.S. News & World Report for the fourth year straight in 2025. Alamance-Burlington School System earns a B grade on Niche. Students at B-rated Western Alamance High School can apply to attend Elon Academy, a college access program for high schoolers with financial need or no family history of college. The program is in partnership with Elon University. Alamance Community College has a transfer agreement with Elon University and several other North Carolina colleges and universities.

Elon University was founded as Elon College in 1889.
Elon University was founded as Elon College in 1889.
Elon University has a student enrollment of 7,700.
Elon University has a student enrollment of 7,700.
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Events at Beth Schmidt Park

Elon has two green spaces, with Beth Schmidt Park being the most popular. Opened in 2005, this green space is Elon's first recreational facility, featuring a nature trail and special-needs accessibility. Lawrence Slade Park is minutes from downtown and packs a lot within its 3 acres. “Slade Park is a smaller park in a historically Black neighborhood, and it's just incredible,” Sharpe says. It has a collegiate-sized basketball court, corn hole courts and a musical playground. Dog walkers can let their pets run off leash at K-9 Corner Dog Park. The Elon-Burlington Greenway is a 3.6-mile trail connecting Elon to Downtown Burlington.
Both parks host several of the town's events, including Art in the Park and Movies in the Park. Christmas is celebrated with local dance performances, hayrides and a tree-lighting ceremony. “We have hundreds of people come out, and it very much so feels like a Hallmark movie,” Sharpe says.

The gazebo at Beth Schmidt Park overlooks a small gazing pond.
The gazebo at Beth Schmidt Park overlooks a small gazing pond.
Lawrence Slade Park in Elon features a playground as well as a covered shelter.
Lawrence Slade Park in Elon features a playground as well as a covered shelter.
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Downtown Elon supports small businesses

Downtown Elon is lined with locally owned businesses, restaurants and boutiques. “We're a thriving small town,” Sharpe says. “We don't have vacant buildings. We are a great place for small businesses and restaurants because we have a huge world-class university in our small town.” Sharpe says the town’s niche is the close relationship businesses have with residents. “You can walk into your coffee shop in the town of Elon, and they're going to know your order. They're going to know your name,” she says. The Elon Farmers Market is held on Thursdays from April to October.

Tangent in Elon is known for its unique ingredients in Tacos.
Tangent in Elon is known for its unique ingredients in Tacos.
Downtown Elon is lined with locally owned businesses, restaurants and boutiques.
Downtown Elon is lined with locally owned businesses, restaurants and boutiques.
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Taking Interstate 85 to RTP

Located near Interstate 40, drivers can take the Interstate 85 intersection to Durham’s Research Triangle Park in less than 50 miles. A commute to Burlington will take about 5 miles, while Greensboro is around 20 miles from downtown. Alamance Regional Hospital is about 4 miles south and Piedmont Triad International Airport is approximately 20 miles from town. The local bus system, known as the Bio bus, is provided by Elon University but is available for public use. "I think what I love best about living in Elon is the fact that you can experience world-class cultural events, sporting events, right here in

a very small town," Sharpe says. "We're only four square miles in size, but you've got a lot to do if you're willing to take advantage of them right here in that small space."

Crime

No crime data is available.

Joyelle Ronan
Written By
Joyelle Ronan
Scott Davis
Photography Contributed By
Scott Davis
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Video By
GL Moses

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Elon Housing Trends

Housing Trends

Median List Price
$375,000
Median Sale Price
$348,500
Median Single Family Sale Price
$360,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
69
Median Home Sale Price YoY Change
12%
Average Price Per Sq Ft
$166

Area Facts

Number of Homes in Neighborhood
673
Number of Homes for Sale
3
Median Year Built
1997
Months of Supply
0.50
Average Single Family Home Size Sq Ft
2,074
Above the national average
1,924
Average 1 Bedroom Size Sq Ft
200
Median Lot Size Sq Ft
16,552

Open Houses

  • Sunday, Aug 31
    Open Sun 2PM - 4PM

    1043 Stone Gables Dr, Elon, NC 27244

    $439,900

    • 4 Beds
    • 2 Baths
    • 2,778 Sq Ft
    • 1043 Stone Gables Dr
    • New 27 days ago

    This beautiful 4-bedroom all brick patio home in Cable Square Subdivision offers comfort, style, and functionality. The HOA provides exterior maintenance, landscaping & water to inground sprinkler system. A classic rocking chair front porch welcomes you, while the rear patio and cozy sunroom provide perfect spots to relax or entertain. Inside, the open floor plan features a stunning coffered

    Laurie Welsh Allen Tate - Burlington

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  • Sunday, Aug 31
    Open Sun 2PM - 4PM

    373 Olsen Dr, Elon, NC 27244

    $465,000

    • 3 Beds
    • 3 Baths
    • 4,564 Sq Ft
    • 373 Olsen Dr

    Come experience luxury and spacious townhome living in this well maintained home located just minutes from Elon University. The tour starts in the open living room area with crown molding, hardwood floors, high ceilings and fire place. It continues in the gourmet kitchen equipped with granite countertops, stainless steel appliances and plenty of recessed lighting. Just off the kitchen is a

    Karla Comer Allen Tate Oak Ridge Commons

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Elon Has More Owners

Demographics

Total Population
9,471
Median Age
28
Population under 18
24.5%
On par with the national average
23.8%
Population over 65
17.8%
On par with the national average
19.1%

Finances

Median Household Income
$72,098
On par with the national average
$71,702
Average Household Income
$91,247

Education and Workforce

High School Graduates
90.5%
College Graduates
48.5%
Above the national average
34.1%
Advanced Degrees
21.1%
% Population in Labor Force
50.4%
Below the national average
65.1%

Area Factors

Somewhat Bikeable

Bike Score®®

21 / 100

Car-Dependent

Walk Score®®

2 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Elon