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Elkton, FL—32033

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$371,000
2.5% YoY Growth
Household Income
$83,900
60.1% YoY Growth
Days on Market
128
49.0% Longer YoY
Home Price Forecast
0.9%
Median Rent
$2,000
0.5% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,900
N/A
3-Bed Rent
$1,980
4.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Elkton, FL

As of Dec '25, the median home price in Elkton, FL is $371,000, with a year-over-year change of -2.5%. This indicates that home prices in Elkton, FL are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$371,000-2.5%
Single Family $371,000-2.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$264,000-10.2%
    3 Bed
    		$354,000-3.0%
    4 Bed
    		$439,000-0.9%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.5%
    2 Bedrooms
    17.3%
    3 Bedrooms
    59.7%
    4 Bedrooms
    19.9%
    5+ Bedrooms
    0.6%

    Rental Trends — Elkton, FL

    As of July '25, Rentcast reports the average rent in Elkton, FL is $2,110, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Elkton, FL is 2-bedrooms: $1,890, 3-bedrooms: $2,030, 4-bedrooms: $2,510. The most common rental property sizes in Elkton, FL are 3-bedroom and 2-bedroom, accounting for 46.9% and 42.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,110
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,900$1,890
    3 Bed Rent $1,980$2,030
    4 Bed Rent $2,200$2,510
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    % of Rental Stock

    2 Bedrooms
    42.7%
    3 Bedrooms
    46.9%
    4 Bedrooms
    10.3%

    Property Listings — Elkton, FL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Elkton, FL is 108. This is a increase of 59.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$475,00013.0%
    Listing Count
    		22-9.0%
    Listings as % of Homes0.9%-9.0%
    Days on Market
    		12849.0%
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    Demographics — Elkton, FL

    As of the latest ACS Survey released in 2023, Elkton, FL has a population of 4,560, which has decreased by -2.3% over the past 5 years. Elkton, FL is a less popular place for families, as children make up 3.3% of the population. The area has a poorly educated workforce, with 24.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,560-2.3%
    % Under 18
    		3.3%-76.9%
    % Seniors
    		43.2%30.5%
    % WFH
    		24.0%370.6%
    % w/ College Degree
    		24.2%22.8%
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    As of the latest ACS Survey released in 2023, Elkton, FL is a predominantly white area, with 79.7% of the population identifying as white. The white population has grown by 7.1% in the last 5 years. The second most common race or ethnicity in Elkton, FL is hispanic, making up 10.2% of the population. Foreign-born residents account for 6.3% of the population in Elkton, FL, and this percentage has decreased by 17.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		79.7%7.1%
    % Black
    		3.9%-73.8%
    % Hispanic
    		10.2%43.7%
    % Asian
    		1.5%275.0%
    % Foreign Born
    		6.3%-17.1%
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    Mortgage and Risk — Elkton, FL

    According to HUD data as of 2023, there were 88 mortgage originations in Elkton, FL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Elkton, FL. Investor activity is low, as 0.0% of loans were by investors. 39.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		88
    % Conventional Loans
    		83.0%
    % Government Loans
    		17.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		39.0%
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    Rentals and Section 8 — Elkton, FL

    Elkton, FL lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		2
    Total Units Section 8
    		2
    % Rentals under Section 8
    		0.9%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,750
    2 Bedroom$180$1,900$2,080
    3 Bedroom$620$1,980$2,600
    4 Bedroom$1,090$2,200$3,290

    Affordability — Elkton, FL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.8
    Median Home Price$371,000
    Median Household Income$83,900

    Elkton, FL — ZIP Code Boundary Map

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    Frequently Asked Questions