Elkton, MD Real Estate
According to census data in the year 2000 there were 4,731 housing units in Elkton.
This represents a 31.5% growth from 3,597 in 1990.
Of those housing units, 4,731 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Elkton is about 48%.
Elkton's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Elkton were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 16.90% |
| Two Bedrooms | 30.20% |
| Three Bedrooms | 39.70% |
| Four Bedrooms | 10.30% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.89 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $106,100 |
| Median Price asked for vacant units | $137,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $670 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 14.40% |
| Simple Mortgage | 58.10% |
| Debt Free | 20.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.8% |
