Elizabeth, PA—15037
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elizabeth, PA
As of Oct '25, the median home price in Elizabeth, PA is $181,000, with a year-over-year change of 2.1%. This indicates that home prices in Elizabeth, PA are increasing. According to Zillow, the 1-year price projection is -1.0%, 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 | 2.1% |
| Single Family | $182,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | 0.0% |
3 Bed | $192,000 | 3.2% |
4 Bed | $292,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Elizabeth, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Elizabeth, PA is 28. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | -1.0% |
Listing Count | 24 | -16.0% |
| Listings as % of Homes | 0.5% | -16.0% |
Days on Market | 28 | 2.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Elizabeth, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $181,000 |
| Median Household Income | $76,800 |