Elizabethtown, PA—17022
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elizabethtown, PA
As of Oct '25, the median home price in Elizabethtown, PA is $350,000, with a year-over-year change of 4.1%. This indicates that home prices in Elizabethtown, PA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $350,000 | 4.1% |
| Single Family | $352,000 | 3.8% |
| Condos | $283,000 | 6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $266,000 | 4.7% |
3 Bed | $326,000 | 4.2% |
4 Bed | $471,000 | 5.4% |
| 5 Bed | $565,000 | 5.6% |
% of Housing Stock
Rental Trends — Elizabethtown, PA
As of July '25, Rentcast reports the average rent in Elizabethtown, PA is $1,460, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Elizabethtown, PA is studios: $1,720, 1-bedrooms: $1,200, 2-bedrooms: $1,390, 3-bedrooms: $1,760. The most common rental property sizes in Elizabethtown, PA are 2-bedroom and 1-bedroom, accounting for 42.0% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,460 |
| Studio Rent | $1,200 | $1,720 |
| 1 Bed Rent | $1,180 | $1,200 |
| 2 Bed Rent | $1,380 | $1,390 |
| 3 Bed Rent | $1,650 | $1,760 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elizabethtown, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Elizabethtown, PA is 42. This is a increase of 14.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $497,000 | 28.0% |
Listing Count | 74 | 24.0% |
| Listings as % of Homes | 0.3% | 24.0% |
Days on Market | 42 | 14.0% |
Demographics — Elizabethtown, PA
As of the latest ACS Survey released in 2023, Elizabethtown, PA has a population of 32,100, which has increased by 4.9% over the past 5 years. Elizabethtown, PA is a moderately popular place for families, as children make up 19.2% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,100 | 4.9% |
% Under 18 | 19.2% | -4.0% |
% Seniors | 23.1% | 19.7% |
% WFH | 9.3% | 132.5% |
% w/ College Degree | 33.2% | 14.9% |
As of the latest ACS Survey released in 2023, Elizabethtown, PA is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Elizabethtown, PA is hispanic, making up 5.7% of the population. Foreign-born residents account for 3.0% of the population in Elizabethtown, PA, and this percentage has decreased by 9.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.9% | -4.5% |
% Black | 1.6% | -15.8% |
% Hispanic | 5.7% | 185.0% |
% Asian | 1.2% | -40.0% |
% Foreign Born | 3.0% | -9.1% |
Mortgage and Risk — Elizabethtown, PA
According to HUD data as of 2023, there were 640 mortgage originations in Elizabethtown, PA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Elizabethtown, PA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 640 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Elizabethtown, PA
Elizabethtown, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 88 |
Total Units Section 8 | 88 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 91.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,180 | $1,100 |
| 2 Bedroom | $0 | $1,380 | $1,380 |
| 3 Bedroom | $150 | $1,650 | $1,800 |
| 4 Bedroom | N/A | N/A | $1,820 |
Affordability — Elizabethtown, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $350,000 |
| Median Household Income | $79,100 |