Elizabeth, PA 15037 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elizabeth, PA—15037

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$181,000

2.6% YoY Growth

Household Income

$76,800

25.1% YoY Growth

Days on Market

47.0% Shorter YoY

Home Price Forecast

0.0%

Median Rent

$850

4.1% YoY Growth

1-Bed Rent

$750

N/A

2-Bed Rent

$850

20.7% YoY Growth

3-Bed Rent

$975

29.3% YoY Growth

Home Price Trends — Elizabeth, PA

As of Dec '25, the median home price in Elizabeth, PA is $181,000, with a year-over-year change of 2.6%. This indicates that home prices in Elizabeth, PA are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$181,000	2.6%
Single Family	$181,000	2.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Elizabeth, PA

As of July '25, Rentcast reports the average rent in Elizabeth, PA is $1,260, with a year-over-year rent change of 4.1%. Per bedroom, the median rent as of July '25 in Elizabeth, PA is studios: $550, 1-bedrooms: $2,120, 2-bedrooms: $833, 3-bedrooms: $975, 4-bedrooms: $1,800. The most common rental property sizes in Elizabeth, PA are 2-bedroom and 3-bedroom, accounting for 43.3% and 29.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$850	$1,260
Studio Rent	$550	$550
1 Bed Rent	$750	$2,120
2 Bed Rent	$850	$833
3 Bed Rent	$975	$975
4 Bed Rent	$1,800	$1,800

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% of Rental Stock

Studio

5.6%

1 Bedroom

17.4%

2 Bedrooms

43.3%

3 Bedrooms

29.8%

4 Bedrooms

4.0%

Property Listings — Elizabeth, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Elizabeth, PA is 40. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$201,000	-3.0%
Listing Count	23	-36.0%
Listings as % of Homes	0.5%	-36.0%
Days on Market	47	-47.0%

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Demographics — Elizabeth, PA

As of the latest ACS Survey released in 2023, Elizabeth, PA has a population of 10,400, which has decreased by -1.4% over the past 5 years. Elizabeth, PA is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,400	-1.4%
% Under 18	19.5%	12.1%
% Seniors	22.7%	-6.2%
% WFH	7.7%	140.6%
% w/ College Degree	28.5%	16.8%

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As of the latest ACS Survey released in 2023, Elizabeth, PA is a predominantly white area, with 91.1% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Elizabeth, PA is hispanic, making up 3.6% of the population. Foreign-born residents account for 2.4% of the population in Elizabeth, PA, and this percentage has increased by 242.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	91.1%	-6.1%
% Black	1.0%	42.9%
% Hispanic	3.6%	300.0%
% Asian	1.6%	433.3%
% Foreign Born	2.4%	242.9%

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Mortgage and Risk — Elizabeth, PA

According to HUD data as of 2023, there were 234 mortgage originations in Elizabeth, PA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Elizabeth, PA. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	234
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Elizabeth, PA

As of 2024, the percent of homes in Elizabeth, PA under the Section 8 program is 2.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Elizabeth, PA, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	23
Total Units Section 8	23
% Rentals under Section 8	2.4%
% Occupied Section 8	47.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$190	$750	$940
2 Bedroom	$280	$850	$1,130
3 Bedroom	$465	$975	$1,440
4 Bedroom	-$250	$1,800	$1,550

Elizabeth, PA—15037

Key Metrics at a Glance

Home Price Trends — Elizabeth, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elizabeth, PA

% of Rental Stock

Property Listings — Elizabeth, PA

Demographics — Elizabeth, PA

Race and Ethnicity

Mortgage and Risk — Elizabeth, PA

Mortgages

Rentals and Section 8 — Elizabeth, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Elizabeth, PA

Home Price to Income Ratio

Elizabeth, PA — ZIP Code Boundary Map

Nearby ZIP Codes

West Elizabeth

Buena Vista, PA

McKeesport, PA

Sutersville, PA

Alpsville

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$181,000
Median Household Income	$76,800

Elizabeth, PA—15037

Key Metrics at a Glance

Home Price Trends — Elizabeth, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elizabeth, PA

% of Rental Stock

Property Listings — Elizabeth, PA

Demographics — Elizabeth, PA

Race and Ethnicity

Mortgage and Risk — Elizabeth, PA

Mortgages

Rentals and Section 8 — Elizabeth, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Elizabeth, PA

Home Price to Income Ratio

Elizabeth, PA — ZIP Code Boundary Map

Nearby ZIP Codes

West Elizabeth

Buena Vista, PA

McKeesport, PA

Sutersville, PA

Alpsville

Frequently Asked Questions

What is the average home price in Elizabeth, PA 15037?

How have home prices in Elizabeth, PA 15037 changed over the past year?

What is the home price projection for Elizabeth, PA 15037?

What are the demographics of Elizabeth, PA 15037?

How long does it take homes to sell in Elizabeth, PA 15037?

What is the average rent price in Elizabeth, PA 15037?