Elkton, TN Profile: Facts & Data

Elkton, Tennessee - Basic Facts

The City of Elkton had a population of 561 as of July 1, 2024.

The primary coordinate point for Elkton is located at latitude 35.0523 and longitude -86.8886 in Giles County. The formal boundaries for the City of Elkton encompass a land area of 2.16 sq. miles and a water area of 0 sq. miles. Giles County is in the Central time zone (GMT -6).

The City of Elkton 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 Elkton is located within Commissioner District 1, a minor civil division (MCD) of Giles County.

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Elkton, TN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	561 (100%)
Population in Households	561 (100.0%)
Population in Families	459 (81.8%)
Population in Group Quarters¹	0
Population Density	282
Diversity Index²	32


INCOME
Median Household Income	$62,958
Average Household Income	$80,499
% of Income for Mortgage⁴	25%
Per Capita Income	$32,429
Wealth Index⁵	72
Socioeconomic Status Index⁶	Moderate (46.3)

HOUSING
Total HU (Housing Units)	259 (100%)
Owner Occupied HU	191 (73.7%)
Renter Occupied HU	35 (13.5%)
Vacant Housing Units	33 (12.7%)
Median Home Value	$251,923
Average Home Value	$331,414
Housing Affordability Index³	103

HOUSEHOLDS
Total Households	226
Average Household Size	2.48
Family Households	156
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

259 (100%)

Owner Occupied HU

191 (73.7%)

Renter Occupied HU

35 (13.5%)

Vacant Housing Units

33 (12.7%)

Median Home Value

$251,923

Average Home Value

$331,414

Housing Affordability Index³

103

HOUSEHOLDS

Total Households

226

Average Household Size

2.48

Family Households

156

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	2020-2024	2024-2029
Population	0.68%	0.77%
Households	1.52%	0.87%
Families		1.61%
Median Household Income		0.48%
Per Capita Income		3.22%
Owner Occupied HU		1.33%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.68%

0.77%

Households

1.52%

0.87%

Families

1.61%

Median Household Income

0.48%

Per Capita Income

3.22%

Owner Occupied HU

1.33%

Elkton, TN - Peer Comparisons by Rank and Percentile

The table below compares Elkton to the other 504 incorporated cities, towns and CDPs in Tennessee 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	# 358	29th
Population Density	# 337	33rd
Median Household Income	# 210	59th
Housing Affordability Index	# 241	48th
Per Capita Income	# 232	54th
Diversity Index	# 169	66th

Variable Description

Rank

Percentile

Total Population

# 358

29th

Population Density

# 337

33rd

Median Household Income

# 210

59th

Housing Affordability Index

# 241

48th

Per Capita Income

# 232

54th

Diversity Index

# 169

66th

Tennessee Census Data Comparison Tool

Elkton, TN Profile: Facts & Data

Elkton, Tennessee - Basic Facts

Elkton, TN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Elkton, TN - Peer Comparisons by Rank and Percentile

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Giles County