Elrama—15038
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elrama
As of Nov '25, the median home price in Elrama is $92,000, with a year-over-year change of -3.1%. This indicates that home prices in Elrama are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $92,000 | -3.1% |
| Single Family | $92,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | 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 — Elrama
Elrama 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 — Elrama
As of Nov '25, Realtor.com reports that the median days on market for a home in Elrama is 18. This is a decrease of -67.0% 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 | $55,000 | 259.0% |
Listing Count | 4 | 167.0% |
| Listings as % of Homes | N/A | 167.0% |
Days on Market | 18 | -67.0% |
Demographics — Elrama
As of the latest ACS Survey released in 2023, Elrama has a population of 268, which has decreased by -24.1% over the past 5 years. Elrama is a less popular place for families, as children make up 12.3% of the population. The area has a poorly educated workforce, with 6.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 53.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 268 | -24.1% |
% Under 18 | 12.3% | -56.5% |
% Seniors | 26.9% | 138.1% |
% WFH | 53.0% | ∞% |
% w/ College Degree | 6.4% | -75.1% |
Elrama lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 100.0% | 0.0% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Elrama
Elrama 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 |
Rentals and Section 8 — Elrama
Elrama 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 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $990 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | N/A | N/A | $1,510 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Elrama
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $92,000 |
| Median Household Income | $32,300 |