Elizabethtown, KY—42701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elizabethtown, KY
As of Oct '25, the median home price in Elizabethtown, KY is $269,000, with a year-over-year change of 4.7%. This indicates that home prices in Elizabethtown, KY are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $269,000 | 4.7% |
| Single Family | $269,000 | 3.9% |
| Condos | $227,000 | -0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $117,000 | -0.8% |
2 Bed | $173,000 | 5.5% |
3 Bed | $266,000 | 4.3% |
4 Bed | $373,000 | 3.0% |
| 5 Bed | $503,000 | 1.6% |
% of Housing Stock
Rental Trends — Elizabethtown, KY
As of July '25, Rentcast reports the average rent in Elizabethtown, KY is $1,700, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Elizabethtown, KY is studios: $600, 1-bedrooms: $1,060, 2-bedrooms: $1,120, 3-bedrooms: $1,840, 4-bedrooms: $2,390. The most common rental property sizes in Elizabethtown, KY are 2-bedroom and 3-bedroom, accounting for 42.9% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,530 | $1,700 |
| Studio Rent | $600 | $600 |
| 1 Bed Rent | $1,000 | $1,060 |
| 2 Bed Rent | $1,100 | $1,120 |
| 3 Bed Rent | $1,800 | $1,840 |
| 4 Bed Rent | $2,140 | $2,390 |
% of Rental Stock
Property Listings — Elizabethtown, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Elizabethtown, KY is 55. This is a increase of 11.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -3.0% |
Listing Count | 315 | 22.0% |
| Listings as % of Homes | 0.6% | 22.0% |
Days on Market | 55 | 11.0% |
Demographics — Elizabethtown, KY
As of the latest ACS Survey released in 2023, Elizabethtown, KY has a population of 53,200, which has increased by 4.4% over the past 5 years. Elizabethtown, KY is a moderately popular place for families, as children make up 24.2% of the population. The area has a moderately educated workforce, with 28.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,200 | 4.4% |
% Under 18 | 24.2% | -3.2% |
% Seniors | 16.2% | 14.9% |
% WFH | 9.0% | 164.7% |
% w/ College Degree | 28.3% | 6.8% |
As of the latest ACS Survey released in 2023, Elizabethtown, KY is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Elizabethtown, KY is black, making up 9.1% of the population. Foreign-born residents account for 4.0% of the population in Elizabethtown, KY, and this percentage has increased by 8.1% 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 | 78.9% | -2.2% |
% Black | 9.1% | 9.6% |
% Hispanic | 5.1% | 18.6% |
% Asian | 2.1% | -12.5% |
% Foreign Born | 4.0% | 8.1% |
Mortgage and Risk — Elizabethtown, KY
According to HUD data as of 2023, there were 1216 mortgage originations in Elizabethtown, KY, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Elizabethtown, KY. Investor activity is low, as 9.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,216 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Elizabethtown, KY
As of 2024, the percent of homes in Elizabethtown, KY under the Section 8 program is 8.0%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Elizabethtown, KY, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 763 |
Total Units Section 8 | 648 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 76.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,000 | $910 |
| 2 Bedroom | $40 | $1,100 | $1,140 |
| 3 Bedroom | -$200 | $1,800 | $1,600 |
| 4 Bedroom | -$230 | $2,140 | $1,910 |
Affordability — Elizabethtown, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $269,000 |
| Median Household Income | $68,700 |