Elliston, VA—24087
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elliston, VA
As of Oct '25, the median home price in Elliston, VA is $234,000, with a year-over-year change of 0.8%. This indicates that home prices in Elliston, VA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $234,000 | 0.8% |
| Single Family | $234,000 | 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 | $186,000 | 0.5% |
3 Bed | $251,000 | 2.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elliston, VA
As of July '25, Rentcast reports the average rent in Elliston, VA is $1,350, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Elliston, VA is 3-bedrooms: $1,350. The most common rental property sizes in Elliston, VA are 3-bedroom and 2-bedroom, accounting for 46.6% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,350 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elliston, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Elliston, VA is 62. This is a decrease of -31.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | -42.0% |
Listing Count | 8 | -9.0% |
| Listings as % of Homes | 0.3% | -9.0% |
Days on Market | 62 | -31.0% |
Demographics — Elliston, VA
As of the latest ACS Survey released in 2023, Elliston, VA has a population of 3,950, which has decreased by -8.7% over the past 5 years. Elliston, VA is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 11.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,950 | -8.7% |
% Under 18 | 24.9% | -12.6% |
% Seniors | 16.5% | 87.5% |
% WFH | 4.1% | 272.7% |
% w/ College Degree | 11.5% | -35.0% |
As of the latest ACS Survey released in 2023, Elliston, VA is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 17.3% in the last 5 years. The second most common race or ethnicity in Elliston, VA is hispanic, making up 18.6% of the population. Foreign-born residents account for 5.6% of the population in Elliston, VA, and this percentage has increased by 460.0% 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 | 78.2% | -17.3% |
% Black | 3.2% | 540.0% |
% Hispanic | 18.6% | 304.3% |
% Asian | 0.2% | ∞% |
% Foreign Born | 5.6% | 460.0% |
Mortgage and Risk — Elliston, VA
According to HUD data as of 2023, there were 75 mortgage originations in Elliston, VA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Elliston, VA. Investor activity is low, as 4.0% 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 | 75 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Elliston, VA
Elliston, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | $200 | $1,350 | $1,550 |
| 4 Bedroom | N/A | N/A | $1,930 |
Affordability — Elliston, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $234,000 |
| Median Household Income | $42,600 |