ZIP Code Market Report
23846 — Elberon, VA
Data through February 2026 · Updated monthly
Avg Home Value
$261,973
▼ 2.8% year-over-year
Month-over-Month
-0.9%
▼ 0.9%
Single Family
$262,150
Condo / Co-op
--
The average home value in the 23846 ZIP code (Elberon, Virginia) is $261,973 as of February 2026. Home prices are declining, down 2.8% compared to last year.
The market in 23846 has a $204,651 spread between bottom-tier homes at $169,531 and top-tier homes at $374,182. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Surry County market area in Virginia. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Surry County report.
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Market Snapshot
23846 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $268,983 | $264,454 | $261,973 | ▼ 2.6% |
| Single Family Value | $264,143 | $263,228 | $262,150 | ▼ 0.8% |
Home Values
23846 Home Value Trend
Historical home values for ZIP code 23846. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 23846
How different property types compare in this ZIP code.
All Homes
$261,973
Single Family
$262,150
Bottom Tier
$169,531
Top Tier
$374,182
Data Sources and Methodology
Home value data for ZIP code 23846 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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