The Elkins housing market is characterized by a mix of historic homes and new constructions. The median home price is around $143,000, with prices varying depending on the neighborhood and property type. According to recent data, the average days on market for homes in Elkins is 120 days, indicating a moderate pace of sales.

Some of the most sought-after neighborhoods in Elkins include:

• Davis Street: Known for its historic homes and charming atmosphere.
• Downtown Elkins: Offers a mix of old and new properties, with easy access to local amenities.
• The surrounding hills: Provide scenic views and a more rural lifestyle.

At NMHL, we offer a range of mortgage options tailored to the needs of Elkins homebuyers. Our loan programs include:

• FHA loans: Ideal for first-time homebuyers, with down payments as low as 3.5%.
• VA loans: Available for eligible veterans, offering zero-down financing and competitive rates.
• USDA loans: Suitable for borrowers purchasing homes in rural areas, with zero-down financing and lower mortgage insurance premiums.
• Conventional loans: Offer competitive rates and terms for borrowers with strong credit profiles.

Our mortgage specialists will work with you to determine the best loan program for your situation and guide you through the application process.

West Virginia offers several down payment assistance programs to help homebuyers overcome the upfront costs of purchasing a home. The West Virginia Housing Development Fund's (WVHDF) Down Payment Assistance Program provides up to $7,500 in assistance for eligible homebuyers. Additionally, the WVHDF offers other programs, such as the Homeownership Program, which provides financing for homebuyers with incomes up to 115% of the area median income.

NMHL can help you determine your eligibility for these programs and guide you through the application process.

The Elkins school district is served by the Randolph County Schools system, which includes Elkins High School and other local schools. Homebuyers with families often prioritize school districts when choosing a neighborhood. According to data from the West Virginia Department of Education, the Elkins school district has a strong reputation, with several schools receiving high ratings.

Research has shown that homes located in highly-rated school districts tend to retain their value better and appreciate more over time. NMHL can help you understand how school districts impact home values in Elkins and guide you in making an informed decision when choosing a neighborhood.