Elizabeth, IN—47117
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elizabeth, IN
As of Oct '25, the median home price in Elizabeth, IN is $255,000, with a year-over-year change of 3.8%. This indicates that home prices in Elizabeth, IN are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | 3.8% |
| Single Family | $255,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $187,000 | 4.5% |
3 Bed | $250,000 | 5.0% |
4 Bed | $338,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elizabeth, IN
Elizabeth, IN 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 — Elizabeth, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Elizabeth, IN is 37. 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $515,000 | -2.0% |
Listing Count | 7 | 10.0% |
| Listings as % of Homes | 0.3% | 10.0% |
Days on Market | 37 | 2.0% |
Demographics — Elizabeth, IN
As of the latest ACS Survey released in 2023, Elizabeth, IN has a population of 4,350, which has remained stable by -0.3% over the past 5 years. Elizabeth, IN is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,350 | -0.3% |
% Under 18 | 24.1% | -2.0% |
% Seniors | 16.7% | 13.6% |
% WFH | 8.4% | 86.7% |
% w/ College Degree | 20.6% | 154.3% |
As of the latest ACS Survey released in 2023, Elizabeth, IN is a predominantly white area, with 96.3% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Elizabeth, IN is asian, making up 1.2% of the population. Foreign-born residents account for 1.5% of the population in Elizabeth, IN, and this percentage has increased by 200.0% 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 | 96.3% | -0.3% |
% Black | 1.1% | -47.6% |
% Hispanic | 0.6% | -25.0% |
% Asian | 1.2% | ∞% |
% Foreign Born | 1.5% | 200.0% |
Mortgage and Risk — Elizabeth, IN
According to HUD data as of 2023, there were 91 mortgage originations in Elizabeth, IN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Elizabeth, IN. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 91 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Elizabeth, IN
Elizabeth, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | N/A | N/A | $1,180 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Elizabeth, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $255,000 |
| Median Household Income | $88,600 |