Did you know there have been 167 lots sold in Hardin County recently? Elizabethtown is growing. It’s undeniable.
Let’s look at some stats:
- According to the World Population Review, Elizabethtown has grown by 1.82% since 2010
- Elizabethtown grew by .90% in 2020 alone
These stats are no surprise. Elizabethtown remains a relatively low-cost city. Our fantastic restaurants, shops, and adorable historic downtown add to the appeal. It’s an obvious choice for remote workers looking to escape California prices or for native Kentuckians looking to return home after seeking their fortune elsewhere.
E-town will only continue to grow. The new Ford electric battery plant in Hardin County is scheduled to open its doors in 2025. When running, it will employ 5,000 people. Skilled workers and executives from all over the country will relocate to our lovely city.
Development is the natural successor to growth. There are many perks to buying a new home:
- The pre-sale inspection is an often simple process.
- You’ll be getting the highest efficiency ratings for your home. This is a major pro for eco-conscious home buyers… or just anyone looking for a low electric bill in the summer.
- A brand new home is a fresh start. And you’ll get to revel in that fresh start for the duration of your new home warranty (which can be up to 10 years!).
- A modern design gives you a blank canvas to personalize your home.
Oh— and a bonus?
You can feel confident there are no ghosts in the home. A brand new home is a guarantee there are no skeletons in the closet. We’re just kidding (kind of).
But in all seriousness, new homes in Elizabethtown are attractive for many reasons; especially for first-time buyers who would like to enter the property ladder without the added financial stress of major maintenance overhauls.
There are some seriously impressive new construction neighborhoods in Elizabethtown.
Here are some of the best new home builds in Elizabethtown:
New Construction Neighborhoods in Elizabethtown (and its surrounding areas!)
Look forward to summer days by the pool at the brand new Fall Creek Subdivision. This new construction in Elizabethtown is centrally located to all your favorite E-town spots. Construction is currently underway. To learn more, check out this Fall Creek lot for sale.
This community is perfect for anyone looking to build a classic American craftsman home in a safe location. Only 20 lots are still available in this brand-new construction neighborhood near the heart of Elizabethtown. Ready to learn more? Contact Mike Thomas of At Home Realty.
If you’re hungry to get in on the ground floor of a brand new subdivision, look no further than Summit Creek. There is “lots” of opportunity to build here. There are over 260 homesites still available in this neighborhood. Currently, you have the opportunity to pick the best of the bunch! But not for long- things are moving quickly! A major perk of Summit Creek is that they don’t have a builder with exclusive rights. You’re welcome to select any builder you prefer. This community is only 10 minutes away from Main Street but retains a peaceful farmland feel.
Interested in learning more? Contact Tim Aulbach of The Land Store.
Magnolia Farms is the first sustainable community in Kentucky. The neighborhood has been thoughtfully developed with greenspace, renewable energy, and community camaraderie in mind.
Here are a few of the green features Magnolia Farms has implemented:
- A compost and recycling site
- Geothermal heating
- Solar panels
- Organic community garden
- Carpeting made from recycled water bottles
- Eco-friendly paint
- Insulation made from recycled denim
- Fireplaces that burn with clean-burning alcohol
- 8-foot wide jogging paths
Aesthetically, the homes are gorgeous. And the neighborhood features multiple sparkling lakes and plenty of green spaces. To get a visual, check out this video with drone footage of the neighborhood.
This neighborhood is located at a perfect midway point between Radcliff and E-town. As you drive to Cowley Crossing you’ll feel a wave of calm wash over you as you coast through rolling hills and farmlands. It’s an ideal neighborhood for anyone who dreams about rural living… but would still prefer a nice home with friendly neighbors. All homes have views of the surrounding farmland. It’ll make you want to belt out The Chicks’ song Wide Open Spaces. The homes in Cowley Crossing are nice and spread out. All lots are between .25-1 acre. So feel free to blast your stereo on HIGH when you celebrate move-in day.
One of the best features of this neighborhood is the walking biking path that winds through the area. A home in Cowley Crossing was the winner of the 2019 Parade of homes. Check it out here to get a feel for the kind of homes in this neighborhood.
Enclave at Mallard Lake
The Enclave at Mallard Lake is a sanctuary of comfort. It’s located in beautiful Shepardsville, an ideal mid-way point between Elizabethtown and Louisville. This community is created by Fisher Homes, a local builder who has seen national success. They’re a highly philanthropic organization and have donated over $ 10 million to St. Jude Children’s Research Hospital over the years.
The builders have been perfecting their craft since 1980, but Mallard Lake is one of their most recent projects. Residents enjoy a clubhouse, pool, picnic shelter, and walking paths. It’s conveniently located near 1-65, and close to shops and restaurants. Outdoor enthusiasts love that the neighborhood is only 8 minutes away from the Awesome Lazy River. Heritage Hill Golf Club is nearby too!
When you’re ready to start your build, you can choose between 13 different customizable home designs. The homes are surprisingly affordable for how high-end this community feels.
Is now the right time to buy a house in Elizabethtown?
It’s a chaotic time for the housing market nationwide, and Elizabethtown is no exception. In 2020, we saw housing inventory plummet… and housing prices skyrocket. Buyer competition was fierce. Ever since the market has been struggling to recover.
Most recently, concerns about an impending recession have impacted buyer mindsets. It seems the feeding frenzy is reaching an end. Buyers are reluctant. As a result, this gives less power to sellers.
Let’s talk numbers. A recent survey of Kentucky real estate investors is insightful.
Compared to 1 year ago:
- 38% expect housing prices to fall—a 26-point increase
- 77% expect houses to stay on the market longer—a 50-point increase
- 61% expect price-cutting by home sellers—a 35-point increase
Current interest rates for a 30-year fixed mortgage in Elizabethtown are hovering between 5.1% and 5.6%.
We’re proud that Elizabethtown remains below the national average cost of living.
- As of June 2022, the median list price of homes in Elizabethtown is $189,500. The national average is $374,900
These insights show us that buying a new home in Elizabethtown is a great option.