Elk Mills—21920
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elk Mills
As of Oct '25, the median home price in Elk Mills is $269,000, with a year-over-year change of -0.1%. This indicates that home prices in Elk Mills are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $269,000 | -0.1% |
| Single Family | $272,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Elk Mills
As of Oct '25, Realtor.com reports that the median days on market for a home in Elk Mills is 2. This is a decrease of -84.0% 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 | 12.0% |
Listing Count | 1 | -40.0% |
| Listings as % of Homes | 0.3% | -40.0% |
Days on Market | 2 | -84.0% |
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% | ∞% |
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% | ∞% |
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 |
Loan Activity
No data available
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 |
Affordability — Elk Mills
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $269,000 |
| Median Household Income | $119,000 |