Elizabethtown, Kentucky Housing Market Prices
Elizabethtown Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 138% above the Kentucky median$280,784
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Median rent 10% below the Kentucky median$869
Housing Market Overview
| Metric | Elizabethtown | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $280,784 | $118,017 | $248,835 |
| Price Trend (Annual %) | 18.6% | 3.8% | 7.5% |
| Median Gross Rent | $869 | $967 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Elizabethtown is about 138% higher than in Kentucky. Rent is about 10% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Elizabethtown, up about 18.6% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Elizabethtown rose about 22.9% between 2015 and 2024, from $707 to $869. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Elizabethtown.
Buying the median-priced home in Elizabethtown costs roughly 26.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Elizabethtown. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Elizabethtown | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $280,784 | $118,017 | $248,835 |
| Median Household Income | $60,242 | $64,312 | $80,455 |
| Price-to-Income Ratio | 4.7 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Elizabethtown rose about 83.1%, while median household income rose about 33.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Elizabethtown | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.7% | 61.3% | 58.5% |
| Rental Rate | 45.1% | 28.4% | 31.2% |
| Vacancy Rate | 7.2% | 10.3% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Elizabethtown has a homeownership rate of 47.7%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 7.2%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Elizabethtown | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1986 | 1981 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Elizabethtown was built around 1986. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Elizabethtown, Kentucky.
What is the median home price in Elizabethtown, Kentucky?
The median home price in Elizabethtown, Kentucky is $280,784, higher than the Kentucky average of $118,017.
What is the average home price in Elizabethtown, Kentucky?
The typical home price in Elizabethtown, Kentucky, reported as the median sale price, is $280,784. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Elizabethtown, Kentucky?
The median gross rent in Elizabethtown, Kentucky is $869 per month, lower than the Kentucky average of $967.
What was the median gross rent in Elizabethtown in 2020?
In 2020, the median gross rent in Elizabethtown, Kentucky was $728 per month.
What is the price-to-rent ratio in Elizabethtown, Kentucky?
The price-to-rent ratio in Elizabethtown, Kentucky is about 26.9, meaning it would take roughly 26.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Elizabethtown.
Are home prices or rent rising faster in Elizabethtown, Kentucky?
Both home prices and rent are rising in Elizabethtown, up about 18.6% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Elizabethtown, Kentucky?
47.7% of households in Elizabethtown, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Elizabethtown, Kentucky?
The housing vacancy rate in Elizabethtown, Kentucky is 7.2%, lower than the Kentucky average of 10.3%.
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