Quick facts: Elkins, NH

Quick Facts

106.6
Cost of Living
above US average
200
Population
25.0
Crime Rate per 1000
above US average
$60,000
Median Income
below US average
$650,000
Median House Price
above US average
$1989
Average Rent
above US average
10%
Poverty Rate
below US average
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $60,000.

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Income Needed to Buy

βœ— Stretch
$204k/year
Based on $650,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $204k vs median $60,000
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Income Needed to Rent

⚠ Stretch
$85k/year
Based on $1989/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $85k vs median $60,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Elkins, NH

Elkins is a charming village located in the town of New London, New Hampshire, nestled in the heart of the picturesque Lakes Region. Known for its serene landscapes and close-knit community, Elkins offers a peaceful retreat with access to beautiful beaches along Lake Sunapee, making it an ideal spot for summer recreational activities such as swimming, boating, and fishing. The village boasts a rich history, with early roots dating back to the 18th century, reflected in its quaint architecture and historical landmarks. The surrounding area is filled with scenic hiking trails, providing opportunities for outdoor enthusiasts to explore the natural beauty of the White Mountains and nearby conservation areas. In addition to its natural attractions, Elkins is close to New London, which offers various amenities, including shops, restaurants, and cultural attractions. The community hosts several events throughout the year, fostering a strong sense of camaraderie among residents. Overall, Elkins, NH, combines natural beauty and a warm community spirit, making it an inviting destination for visitors and a delightful home for residents.

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