Elrod is located close to the center of North Carolina. Elrod has 5.34 square miles of land area and has no water area. As of 2010-2014, the total Elrod population is 508, which has grown 15.19% since 2000. The population growth rate is much lower than the state average rate of 21.13% and is higher than the national average rate of 11.61%. Elrod median household income is $21,094 in 2010-2014 and has grown by 16.38% since 2000. The income growth rate is lower than the state average rate of 19.16% and is much lower than the national average rate of 27.36%. Elrod median house value is $81,800 in 2010-2014 and has grown by 238.02% since 2000. The house value growth rate is much higher than the state average rate of 41.83% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Elrod is worse than the state average in quality.