Elkton, VA 22827 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elkton, VA—22827

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$308,000

1.2% YoY Growth

Household Income

$67,400

30.2% YoY Growth

Days on Market

46.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$825

0.0% YoY Growth

1-Bed Rent

$825

3.8% YoY Growth

2-Bed Rent

$1,350

38.4% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Elkton, VA

As of Nov '25, the median home price in Elkton, VA is $308,000, with a year-over-year change of 1.2%. This indicates that home prices in Elkton, VA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$308,000	1.2%
Single Family	$309,000	1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Elkton, VA

As of July '25, Rentcast reports the average rent in Elkton, VA is $1,130, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Elkton, VA is 1-bedrooms: $825, 2-bedrooms: $1,730. The most common rental property sizes in Elkton, VA are 2-bedroom and 3-bedroom, accounting for 39.4% and 33.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$825	$1,130
Studio Rent	N/A	N/A
1 Bed Rent	$825	$825
2 Bed Rent	$1,350	$1,730
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

4.5%

1 Bedroom

12.8%

2 Bedrooms

39.4%

3 Bedrooms

33.1%

4 Bedrooms

5.0%

5+ Bedrooms

5.3%

Property Listings — Elkton, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Elkton, VA is 75. This is a increase of 46.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$379,000	5.0%
Listing Count	39	114.0%
Listings as % of Homes	0.5%	114.0%
Days on Market	75	46.0%

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Demographics — Elkton, VA

As of the latest ACS Survey released in 2023, Elkton, VA has a population of 10,400, which has increased by 3.3% over the past 5 years. Elkton, VA is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 13.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,400	3.3%
% Under 18	20.7%	1.5%
% Seniors	21.0%	3.4%
% WFH	7.5%	188.5%
% w/ College Degree	13.6%	14.3%

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As of the latest ACS Survey released in 2023, Elkton, VA is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Elkton, VA is hispanic, making up 4.7% of the population. Foreign-born residents account for 2.4% of the population in Elkton, VA, and this percentage has increased by 140.0% 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	89.3%	-2.0%
% Black	3.5%	-30.0%
% Hispanic	4.7%	104.3%
% Asian	0.4%	0.0%
% Foreign Born	2.4%	140.0%

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Mortgage and Risk — Elkton, VA

According to HUD data as of 2023, there were 152 mortgage originations in Elkton, VA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Elkton, VA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	152
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	3.0%
% Second Loans	5.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Elkton, VA

Elkton, VA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	65
Total Units Section 8	65
% Rentals under Section 8	3.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$85	$825	$910
2 Bedroom	-$190	$1,350	$1,160
3 Bedroom	N/A	N/A	$1,570
4 Bedroom	N/A	N/A	$1,930

Elkton, VA—22827

Key Metrics at a Glance

Home Price Trends — Elkton, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elkton, VA

% of Rental Stock

Property Listings — Elkton, VA

Demographics — Elkton, VA

Race and Ethnicity

Mortgage and Risk — Elkton, VA

Mortgages

Rentals and Section 8 — Elkton, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Elkton, VA

Home Price to Income Ratio

Elkton, VA — ZIP Code Boundary Map

Nearby ZIP Codes

McGaheysville, VA

Shenandoah, VA

Dyke, VA

Stanardsville, VA

Zenda, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$308,000
Median Household Income	$67,400

Elkton, VA—22827

Key Metrics at a Glance

Home Price Trends — Elkton, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elkton, VA

% of Rental Stock

Property Listings — Elkton, VA

Demographics — Elkton, VA

Race and Ethnicity

Mortgage and Risk — Elkton, VA

Mortgages

Rentals and Section 8 — Elkton, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Elkton, VA

Home Price to Income Ratio

Elkton, VA — ZIP Code Boundary Map

Nearby ZIP Codes

McGaheysville, VA

Shenandoah, VA

Dyke, VA

Stanardsville, VA

Zenda, VA

Frequently Asked Questions

What is the average home price in Elkton, VA 22827?

How have home prices in Elkton, VA 22827 changed over the past year?

What is the home price projection for Elkton, VA 22827?

What are the demographics of Elkton, VA 22827?

How long does it take homes to sell in Elkton, VA 22827?

What is the average rent price in Elkton, VA 22827?