ZIP Code Market Report
24053 — Ararat, VA
Data through February 2026 · Updated monthly
Avg Home Value
$190,992
▲ 6.2% year-over-year
Month-over-Month
+1.2%
▲ 1.2%
Single Family
$186,224
Condo / Co-op
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The average home value in the 24053 ZIP code (Ararat, VIRGINIA) is $190,992 as of February 2026. Home prices are rising, up 6.2% compared to last year.
The market in 24053 has a $165,121 spread between bottom-tier homes at $117,313 and top-tier homes at $282,434. 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 Patrick County market area in VIRGINIA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Patrick County report.
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Market Snapshot
24053 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 | $185,965 | $188,740 | $190,992 | ▲ 2.7% |
| Single Family Value | $179,464 | $182,484 | $186,224 | ▲ 3.8% |
Home Values
24053 Home Value Trend
Historical home values for ZIP code 24053. 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 24053
How different property types compare in this ZIP code.
All Homes
$190,992
Single Family
$186,224
Bottom Tier
$117,313
Top Tier
$282,434
Data Sources and Methodology
Home value data for ZIP code 24053 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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