Elk Mills 21920 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elk Mills—21920

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$267,000

0.9% YoY Growth

Household Income

$119,000

192.2% YoY Growth

Days on Market

48.0% Shorter YoY

Home Price Forecast

0.6%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Elk Mills

As of Dec '25, the median home price in Elk Mills is $267,000, with a year-over-year change of -0.9%. This indicates that home prices in Elk Mills are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$267,000	-0.9%
Single Family	$270,000	-1.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Elk Mills

Elk Mills lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

2 Bedrooms

41.9%

3 Bedrooms

13.5%

4 Bedrooms

44.6%

Property Listings — Elk Mills

As of Dec '25, Realtor.com reports that the median days on market for a home in Elk Mills is 9. This is a decrease of -81.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$480,000	75.0%
Listing Count	1	-50.0%
Listings as % of Homes	0.3%	-50.0%
Days on Market	53	-48.0%

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Demographics — Elk Mills

As of the latest ACS Survey released in 2023, Elk Mills has a population of 1,150, which has increased by 123.9% over the past 5 years. Elk Mills is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,150	123.9%
% Under 18	22.3%	-42.2%
% Seniors	19.5%	93.1%
% WFH	26.9%	∞%
% w/ College Degree	21.7%	∞%

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As of the latest ACS Survey released in 2023, Elk Mills is a predominantly white area, with 77.1% of the population identifying as white. The white population has shrunk by 20.9% in the last 5 years. The second most common race or ethnicity in Elk Mills is hispanic, making up 14.2% of the population. Foreign-born residents account for 7.9% of the population in Elk Mills, and this percentage has increased by Inf% 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	77.1%	-20.9%
% Black	0.0%	N/A
% Hispanic	14.2%	468.0%
% Asian	0.0%	N/A
% Foreign Born	7.9%	∞%

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Mortgage and Risk — Elk Mills

Elk Mills lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Elk Mills

Elk Mills lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,540
2 Bedroom	N/A	N/A	$1,830
3 Bedroom	N/A	N/A	$2,200
4 Bedroom	N/A	N/A	$2,510

Elk Mills—21920

Key Metrics at a Glance

Home Price Trends — Elk Mills

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elk Mills

% of Rental Stock

Property Listings — Elk Mills

Demographics — Elk Mills

Race and Ethnicity

Mortgage and Risk — Elk Mills

Mortgages

Rentals and Section 8 — Elk Mills

Section 8 Market Size

Section 8 Opportunity

Affordability — Elk Mills

Home Price to Income Ratio

Elk Mills — ZIP Code Boundary Map

Nearby ZIP Codes

Elkton, MD

Newark, DE

Newark, DE

Newark, DE

Landenberg, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$267,000
Median Household Income	$119,000

Elk Mills—21920

Key Metrics at a Glance

Home Price Trends — Elk Mills

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elk Mills

% of Rental Stock

Property Listings — Elk Mills

Demographics — Elk Mills

Race and Ethnicity

Mortgage and Risk — Elk Mills

Mortgages

Rentals and Section 8 — Elk Mills

Section 8 Market Size

Section 8 Opportunity

Affordability — Elk Mills

Home Price to Income Ratio

Elk Mills — ZIP Code Boundary Map

Nearby ZIP Codes

Elkton, MD

Newark, DE

Newark, DE

Newark, DE

Landenberg, PA

Frequently Asked Questions

What is the average home price in Elk Mills 21920?

How have home prices in Elk Mills 21920 changed over the past year?

What is the home price projection for Elk Mills 21920?

What are the demographics of Elk Mills 21920?

How long does it take homes to sell in Elk Mills 21920?

What is the average rent price in Elk Mills 21920?