Elkton, FL—32033
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elkton, FL
As of Oct '25, the median home price in Elkton, FL is $370,000, with a year-over-year change of -2.4%. This indicates that home prices in Elkton, FL are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $370,000 | -2.4% |
| Single Family | $370,000 | -2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $266,000 | -8.9% |
3 Bed | $354,000 | -3.0% |
4 Bed | $440,000 | -0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,110 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,900 | $1,890 |
| 3 Bed Rent | $1,980 | $2,030 |
| 4 Bed Rent | $2,200 | $2,510 |
% of Rental Stock
Property Listings — Elkton, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Elkton, FL is 94. This is a increase of 63.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $501,000 | 24.0% |
Listing Count | 23 | 2.0% |
| Listings as % of Homes | 0.9% | 2.0% |
Days on Market | 94 | 63.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $370,000 |
| Median Household Income | $83,900 |