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Elkins Park, PA—19027

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$401,000
1.8% YoY Growth
Household Income
$105,000
42.1% YoY Growth
Days on Market
70
2.0% Shorter YoY
Home Price Forecast
1.9%
Median Rent
$1,800
2.0% YoY Growth
1-Bed Rent
$1,600
12.9% YoY Growth
2-Bed Rent
$1,980
17.6% YoY Growth
3-Bed Rent
$2,460
10.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Elkins Park, PA

As of Dec '25, the median home price in Elkins Park, PA is $401,000, with a year-over-year change of 1.8%. This indicates that home prices in Elkins Park, PA are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$401,0001.8%
Single Family $431,0001.7%
Condos $240,000-1.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $145,000
    -5.2%
    2 Bed
    		$272,000-1.4%
    3 Bed
    		$380,0000.8%
    4 Bed
    		$481,0002.3%
    5 Bed $554,7283.4%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    19.3%
    2 Bedrooms
    23.8%
    3 Bedrooms
    24.7%
    4 Bedrooms
    21.9%
    5+ Bedrooms
    8.9%

    Rental Trends — Elkins Park, PA

    As of July '25, Rentcast reports the average rent in Elkins Park, PA is $1,980, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Elkins Park, PA is 1-bedrooms: $1,580, 2-bedrooms: $2,000, 3-bedrooms: $2,340, 4-bedrooms: $3,000. The most common rental property sizes in Elkins Park, PA are 1-bedroom and 2-bedroom, accounting for 45.7% and 43.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,980
    Studio Rent N/AN/A
    1 Bed Rent $1,600$1,580
    2 Bed Rent $1,980$2,000
    3 Bed Rent $2,460$2,340
    4 Bed Rent $3,000$3,000
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    % of Rental Stock

    Studio
    2.8%
    1 Bedroom
    45.7%
    2 Bedrooms
    43.1%
    3 Bedrooms
    6.6%
    4 Bedrooms
    1.1%
    5+ Bedrooms
    0.6%

    Property Listings — Elkins Park, PA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Elkins Park, PA is 53. This is a decrease of -13.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$272,000-27.0%
    Listing Count
    		49-10.0%
    Listings as % of Homes0.5%-10.0%
    Days on Market
    		70-2.0%
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    Demographics — Elkins Park, PA

    As of the latest ACS Survey released in 2023, Elkins Park, PA has a population of 20,400, which has increased by 2.1% over the past 5 years. Elkins Park, PA is a moderately popular place for families, as children make up 20.4% of the population. The area has a highly educated workforce, with 56.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		20,4002.1%
    % Under 18
    		20.4%6.2%
    % Seniors
    		19.7%3.7%
    % WFH
    		19.2%317.4%
    % w/ College Degree
    		56.1%2.7%
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    As of the latest ACS Survey released in 2023, Elkins Park, PA is a predominantly black area, with 41.8% of the population identifying as black. The black population has grown by 19.8% in the last 5 years. The second most common race or ethnicity in Elkins Park, PA is white, making up 40.6% of the population. Foreign-born residents account for 14.3% of the population in Elkins Park, PA, and this percentage has increased by 6.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		40.6%-18.0%
    % Black
    		41.8%19.8%
    % Hispanic
    		5.0%0.0%
    % Asian
    		7.6%18.8%
    % Foreign Born
    		14.3%6.7%
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    Mortgage and Risk — Elkins Park, PA

    According to HUD data as of 2023, there were 312 mortgage originations in Elkins Park, PA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Elkins Park, PA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		312
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Elkins Park, PA

    As of 2024, the percent of homes in Elkins Park, PA under the Section 8 program is 1.1%. 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. In Elkins Park, PA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		36
    Total Units Section 8
    		36
    % Rentals under Section 8
    		1.1%
    % Occupied Section 8
    		67.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$120$1,600$1,480
    2 Bedroom-$220$1,980$1,760
    3 Bedroom-$340$2,460$2,120
    4 Bedroom-$590$3,000$2,410

    Affordability — Elkins Park, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.4
    Median Home Price$401,000
    Median Household Income$105,000

    Elkins Park, PA — ZIP Code Boundary Map

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    Frequently Asked Questions