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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 11,943, 4,706 total housing units (homes and apartments), and a median house value of $302,569, Elizabethtown real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Elizabethtown, accounting for 39.80% of the borough's housing units. Other types of housing that are prevalent in Elizabethtown include large apartment complexes or high rise apartments ( 27.73%), row houses and other attached homes ( 20.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.17%).
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 45.92% owning and 54.08% renting.
There is a lot of housing in Elizabethtown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Elizabethtown built between 1940-1969 ( 30.71%). A lesser amount of the housing stock also hails from before 1939 ( 24.64%). There's also some housing in Elizabethtown built between 2000 and later ( 10.78%).
Elizabethtown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Elizabethtown during the period has been just 5.48%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Elizabethtown's appreciation rate, at 7.36%, has been at or slightly above the national average. In the latest quarter, Elizabethtown's appreciation rate has been 3.45%, which annualizes to a rate of 14.52%.
Importantly, this makes Elizabethtown one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Elizabethtown's latest annual appreciation rate is higher than 60% 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.
$302,569
for Pennsylvania
for nation
4,706
$1,647 / per month