ZIP Code Market Report
23418 — Melfa, VA
Data through February 2026 · Updated monthly
Avg Home Value
$252,778
▼ 1.3% year-over-year
Month-over-Month
+1.3%
▲ 1.3%
Single Family
$248,343
Condo / Co-op
--
The average home value in the 23418 ZIP code (Melfa, VIRGINIA) is $252,778 as of February 2026. Home prices are declining, down 1.3% compared to last year.
The market in 23418 has a $136,957 spread between bottom-tier homes at $188,309 and top-tier homes at $325,266. 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 Accomack County market area in VIRGINIA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Accomack County report.
Free Home Value Estimate
What's your home worth in 23418 (Melfa)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
23418 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 | $249,575 | $249,420 | $252,778 | ▲ 1.3% |
| Single Family Value | $243,838 | $245,746 | $248,343 | ▲ 1.8% |
Home Values
23418 Home Value Trend
Historical home values for ZIP code 23418. 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 23418
How different property types compare in this ZIP code.
All Homes
$252,778
Single Family
$248,343
Bottom Tier
$188,309
Top Tier
$325,266
Data Sources and Methodology
Home value data for ZIP code 23418 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.
Investing in Melfa?
Run your ARV and MAO instantly with live market data