Elk County’s underwriting tension is a $104,266 Zillow county median home value at 2026-06 alongside no published market rent: investigators can examine a low nominal basis, but income-focused buyers should be cautious because gross yield cannot be computed. The value is 7.21% above its supplied prior-year Zillow observation, but no FHFA annual repeat-transaction HPI is published to corroborate or challenge that direction. Zillow is a value measure, while any absent FHFA reading cannot be treated as a price or blended with Zillow.
Carrying-cost evaluation is incomplete. HUD’s two-bedroom FMR is $877 per month, but it is a payment standard rather than asking rent, so it must not substitute for market rent or yield. The effective property-tax rate is 2.03%, with median annual tax of $1,388. Modeled climate loss equals 0.30% of building value per year and inland flood is named as the dominant hazard; the model metric does not identify parcel flood exposure, insurance cost, or mitigation condition.
Workplace demand evidence is modest and concentrated: QCEW reports 628 annual average covered jobs at county workplaces in 2025, up 1.45%, and a $723 average weekly covered-worker wage, up 5.55%. Leisure and hospitality holds 32.90% of private covered employment; it is the largest disclosed private supersector, not the entire economy. Tax-return movers produced net in-migration of 12, while average incoming AGI exceeded outgoing AGI by $7,595. Those flows are limited household records, not a demand forecast. Non-occupant purchase mortgages represented 15.38% of 13 purchases, indicating participation but a very small observed purchase base.
Evidence limits set the next checks: Realtor.com’s 2026-06 MLS listing price, active listings, days on market and price-reduced share are not published, preventing assessment of asking-price competition, visible supply, marketing time, and concessions. No market rent, vacancy, operating expenses, insurance quote, parcel flood data, property condition, or closed-sale evidence is published; these omissions prevent a net-income, flood-cost, and exit-price underwriting conclusion. Verify lease comparables, tax bills, flood insurance and disclosures, and recent closed transactions before treating the county figures as property-level evidence.