Elizabethton, TN—37643
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elizabethton, TN
As of Oct '25, the median home price in Elizabethton, TN is $230,000, with a year-over-year change of 2.6%. This indicates that home prices in Elizabethton, TN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | 2.6% |
| Single Family | $231,000 | 2.7% |
| Condos | $204,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $191,000 | 3.2% |
3 Bed | $267,000 | 2.7% |
4 Bed | $338,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elizabethton, TN
As of July '25, Rentcast reports the average rent in Elizabethton, TN is $1,030, with a year-over-year rent change of -8.0%. Per bedroom, the median rent as of July '25 in Elizabethton, TN is 1-bedrooms: $580, 2-bedrooms: $940, 3-bedrooms: $1,510, 4-bedrooms: $1,970. The most common rental property sizes in Elizabethton, TN are 2-bedroom and 3-bedroom, accounting for 49.0% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $1,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $560 | $580 |
| 2 Bed Rent | $850 | $940 |
| 3 Bed Rent | $1,300 | $1,510 |
| 4 Bed Rent | $1,950 | $1,970 |
% of Rental Stock
Property Listings — Elizabethton, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Elizabethton, TN is 57. This is a increase of 2.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | 6.0% |
Listing Count | 113 | -11.0% |
| Listings as % of Homes | 0.4% | -11.0% |
Days on Market | 57 | 2.0% |
Demographics — Elizabethton, TN
As of the latest ACS Survey released in 2023, Elizabethton, TN has a population of 33,700, which has remained stable by 0.3% over the past 5 years. Elizabethton, TN is a moderately popular place for families, as children make up 19.3% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,700 | 0.3% |
% Under 18 | 19.3% | -6.3% |
% Seniors | 22.2% | 6.7% |
% WFH | 7.2% | 63.6% |
% w/ College Degree | 20.9% | 41.2% |
As of the latest ACS Survey released in 2023, Elizabethton, TN is a predominantly white area, with 92.9% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Elizabethton, TN is hispanic, making up 2.7% of the population. Foreign-born residents account for 1.5% of the population in Elizabethton, TN, and this percentage has increased by 114.3% 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 | 92.9% | -2.0% |
% Black | 1.5% | -21.1% |
% Hispanic | 2.7% | 28.6% |
% Asian | 0.4% | 300.0% |
% Foreign Born | 1.5% | 114.3% |
Mortgage and Risk — Elizabethton, TN
According to HUD data as of 2023, there were 543 mortgage originations in Elizabethton, TN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Elizabethton, TN. Investor activity is low, as 3.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 543 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Elizabethton, TN
As of 2024, the percent of homes in Elizabethton, TN under the Section 8 program is 15.0%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Elizabethton, TN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 932 |
Total Units Section 8 | 552 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 84.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $560 | $810 |
| 2 Bedroom | $160 | $850 | $1,010 |
| 3 Bedroom | -$50 | $1,300 | $1,250 |
| 4 Bedroom | -$540 | $1,950 | $1,410 |
Affordability — Elizabethton, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $230,000 |
| Median Household Income | $50,500 |