Elk Horn, IA Profile: Facts & Data

Elk Horn, Iowa - Basic Facts

The City of Elk Horn had a population of 615 as of July 1, 2024.

The primary coordinate point for Elk Horn is located at latitude 41.5917 and longitude -95.06 in Shelby County. The formal boundaries for the City of Elk Horn encompass a land area of 0.77 sq. miles and a water area of 0 sq. miles. Shelby County is in the Central time zone (GMT -6).

The City of Elk Horn has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Elk Horn is located within Township of Clay, a minor civil division (MCD) of Shelby County.

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Elk Horn, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	615 (100%)
Population in Households	558 (90.7%)
Population in Families	446 (72.5%)
Population in Group Quarters¹	57 ( 9.3%)
Population Density	839
Diversity Index²	13


INCOME
Median Household Income	$71,564
Average Household Income	$107,629
% of Income for Mortgage⁴	14%
Per Capita Income	$43,215
Wealth Index⁵	93
Socioeconomic Status Index⁶	Moderate (60.2)

HOUSING
Total HU (Housing Units)	269 (100%)
Owner Occupied HU	193 (71.7%)
Renter Occupied HU	52 (19.3%)
Vacant Housing Units	24 ( 8.9%)
Median Home Value	$153,977
Average Home Value	$154,780
Housing Affordability Index³	158

HOUSEHOLDS
Total Households	245
Average Household Size	2.28
Family Households	155
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

269 (100%)

Owner Occupied HU

193 (71.7%)

Renter Occupied HU

52 (19.3%)

Vacant Housing Units

24 ( 8.9%)

Median Home Value

$153,977

Average Home Value

$154,780

Housing Affordability Index³

158

HOUSEHOLDS

Total Households

245

Average Household Size

2.28

Family Households

155

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2025	2025-2030
Population	0.44%	0.19%
Households	-0.15%	-0.08%
Families		-0.92%
Median Household Income		-0.03%
Per Capita Income		1.53%
Owner Occupied HU		-0.52%

GROWTH RATE / YEAR

2020-2025

2025-2030

Population

0.44%

0.19%

Households

-0.15%

-0.08%

Families

-0.92%

Median Household Income

-0.03%

Per Capita Income

1.53%

Owner Occupied HU

-0.52%

Elk Horn, IA - Peer Comparisons by Rank and Percentile

The table below compares Elk Horn to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 416	59th
Population Density	# 358	65th
Median Household Income	# 614	40th
Housing Affordability Index	# 846	82nd
Per Capita Income	# 409	60th
Diversity Index	# 683	33rd

Variable Description

Rank

Percentile

Total Population

# 416

59th

Population Density

# 358

65th

Median Household Income

# 614

40th

Housing Affordability Index

# 846

82nd

Per Capita Income

# 409

60th

Diversity Index

# 683

33rd

Iowa Census Data Comparison Tool

Elk Horn, IA Profile: Facts & Data

Elk Horn, Iowa - Basic Facts

Elk Horn, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Elk Horn, IA - Peer Comparisons by Rank and Percentile

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Shelby County