Elberon, VA 23846 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elberon, VA—23846

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$276,000

2.1% YoY Growth

Household Income

$91,200

45.0% YoY Growth

Days on Market

66.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

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	$276,000	-2.1%
Single Family	$276,000	-1.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

2 Bedrooms

44.0%

3 Bedrooms

56.0%

Property Listings — Elberon, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Elberon, VA is 30. This is a decrease of -66.0% 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	$320,000	4.0%
Listing Count	3	14.0%
Listings as % of Homes	0.3%	14.0%
Days on Market	30	-66.0%

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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%

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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%

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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%

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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

Elberon, VA—23846

Key Metrics at a Glance

Home Price Trends — Elberon, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elberon, VA

% of Rental Stock

Property Listings — Elberon, VA

Demographics — Elberon, VA

Race and Ethnicity

Mortgage and Risk — Elberon, VA

Mortgages

Rentals and Section 8 — Elberon, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Elberon, VA

Home Price to Income Ratio

Elberon, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Dendron, VA

Surry, VA

Ivor, VA

Wakefield, VA

Smithfield, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$276,000
Median Household Income	$91,200

Elberon, VA—23846

Key Metrics at a Glance

Home Price Trends — Elberon, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elberon, VA

% of Rental Stock

Property Listings — Elberon, VA

Demographics — Elberon, VA

Race and Ethnicity

Mortgage and Risk — Elberon, VA

Mortgages

Rentals and Section 8 — Elberon, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Elberon, VA

Home Price to Income Ratio

Elberon, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Dendron, VA

Surry, VA

Ivor, VA

Wakefield, VA

Smithfield, VA

Frequently Asked Questions

What is the average home price in Elberon, VA 23846?

How have home prices in Elberon, VA 23846 changed over the past year?

What is the home price projection for Elberon, VA 23846?

What are the demographics of Elberon, VA 23846?

How long does it take homes to sell in Elberon, VA 23846?

What is the average rent price in Elberon, VA 23846?