Elkwood, VA—22718
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elkwood, VA
As of Oct '25, the median home price in Elkwood, VA is $477,000, with a year-over-year change of 0.9%. This indicates that home prices in Elkwood, VA are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $477,000 | 0.9% |
| Single Family | $477,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elkwood, VA
Elkwood, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elkwood, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Elkwood, VA is 71. This is a decrease of -38.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $934,000 | -13.0% |
Listing Count | 7 | 109.0% |
| Listings as % of Homes | 0.0% | 109.0% |
Days on Market | 71 | -38.0% |
Demographics — Elkwood, VA
As of the latest ACS Survey released in 2023, Elkwood, VA has a population of 646, which has decreased by -19.5% over the past 5 years. Elkwood, VA is a moderately popular place for families, as children make up 15.2% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 646 | -19.5% |
% Under 18 | 15.2% | -35.9% |
% Seniors | 26.3% | 100.8% |
% WFH | 0.0% | N/A |
% w/ College Degree | 22.1% | 87.3% |
As of the latest ACS Survey released in 2023, Elkwood, VA is a predominantly white area, with 84.8% of the population identifying as white. The white population has shrunk by 12.8% in the last 5 years. The second most common race or ethnicity in Elkwood, VA is hispanic, making up 11.1% of the population. Foreign-born residents account for 2.2% of the population in Elkwood, VA, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.8% | -12.8% |
% Black | 0.0% | N/A |
% Hispanic | 11.1% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.2% | ∞% |
Mortgage and Risk — Elkwood, VA
Elkwood, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Elkwood, VA
Elkwood, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,150 |
| 2 Bedroom | N/A | N/A | $1,420 |
| 3 Bedroom | -$520 | $2,400 | $1,880 |
| 4 Bedroom | N/A | N/A | $2,030 |
Affordability — Elkwood, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $477,000 |
| Median Household Income | $83,800 |