Elizabethtown, PA


Highest Appreciating Elizabethtown Neighborhoods Since 2000

Elizabethtown, PA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Elizabethtown Housing Market Information

With 11,586 people, 4,148 houses or apartments, and a median cost of homes of $190,283, Elizabethtown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Elizabethtown, accounting for 46.06% of the borough's housing units. Other types of housing that are prevalent in Elizabethtown include row houses and other attached homes ( 20.36%), large apartment complexes or high rise apartments ( 19.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.59%).

The most prevalent building size and type in Elizabethtown are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 47.41% owning and 52.59% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Elizabethtown's housing was primarily built during this period, from the '40s through the '60s. A full 40.53% of the borough's housing hails from this era. Other housing ages represented in Elizabethtown include homes built between 1970-1999 ( 33.31%) and housing constructed before 1939 ( 18.15%). There's also some housing in Elizabethtown built between 2000 and later ( 8.01%).

Elizabethtown Home Appreciation Rates

Appreciation rates for homes in Elizabethtown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.23%, which ranks in the top 50% nationwide. This equates to an annual average Elizabethtown house appreciation rate of 0.12%.

NeighborhoodScout's data show that during the latest twelve months, Elizabethtown's appreciation rate, at 4.96%, has been at or slightly above the national average. In the latest quarter, Elizabethtown's appreciation rate has been 0.61%, which annualizes to a rate of 2.48%.

Relative to Pennsylvania, our data show that Elizabethtown's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Elizabethtown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Elizabethtown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Elizabethtown real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Elizabethtown, PA HOME PRICES

Value Range
> $1,079,000 0.5
$809,001 - $1,079,000 0.0
$540,001 - $809,000 0.0
$431,001 - $540,000 0.0
$323,001 - $431,000 2.9
$216,001 - $323,000 24.0
$108,001 - $216,000 62.6
$54,001 - $108,000 6.4
$0 - $54,000 3.6

High for PA
High for Nation

Value Relative to Nation Value Relative to State
34.8646431501231 22.9951690821256

Number Of Homes And Apartments:

Elizabethtown Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
42.14% 2.06% 5 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$971 / per month

Homeownership Rate

Owners 47.41
Renters 52.59
Vacant 6.70

Housing Market Details


Age of Homes

AGE OF Elizabethtown HOMES
2000 or Newer 8.0
1970 - 1999 33.3
1940 - 1969 40.5
1939 or Older 18.2

Types of Homes

TYPE OF Elizabethtown HOMES
Single-Family 46.1
Townhomes 20.4
Small Apt. Buildings 13.6
Apt. Complexes 19.3
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Elizabethtown HOMES
No Bedroom 2.14
1 Bedroom 13.36
2 Bedrooms 25.35
3 Bedrooms 47.41
4 Bedrooms 10.48
5 or more bedrooms 1.26