Elberon, VA—23846
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elberon, VA
Elberon, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $281,000 | -1.9% |
| Single Family | $281,000 | -1.7% |
| 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 — Elberon, VA
Elberon, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elberon, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Elberon, VA is 28. This is a decrease of -20.0% 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 | $440,000 | -25.0% |
Listing Count | 3 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 28 | -20.0% |
Demographics — Elberon, VA
As of the latest ACS Survey released in 2023, Elberon, VA has a population of 487, which has decreased by -56.8% over the past 5 years. Elberon, VA is a less popular place for families, as children make up 7.2% of the population. The area has a poorly educated workforce, with 20.4% 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 | 487 | -56.8% |
% Under 18 | 7.2% | -61.3% |
% Seniors | 56.7% | 323.1% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 20.4% | 75.9% |
As of the latest ACS Survey released in 2023, Elberon, VA is a predominantly white area, with 54.4% of the population identifying as white. The white population has shrunk by 29.9% in the last 5 years. The second most common race or ethnicity in Elberon, VA is black, making up 37.8% of the population. Foreign-born residents account for 1.6% of the population in Elberon, VA, and this percentage has decreased by 54.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.4% | -29.9% |
% Black | 37.8% | 84.4% |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.6% | -54.3% |
Mortgage and Risk — Elberon, VA
According to HUD data as of 2023, there were 82 mortgage originations in Elberon, VA, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Elberon, VA. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Elberon, VA
Elberon, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $690 |
| 2 Bedroom | N/A | N/A | $850 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,430 |
Affordability — Elberon, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $281,000 |
| Median Household Income | $91,200 |