22827, Elkton, VA

The 22827 zip code of Elkton, VA has a median home value of $151,000 and a median home equity value of $126,000. This is significantly lower than the national median home value of $217,500 and median home equity value of $142,500. The 22827 zip code also has a significantly lower homeownership rate than the national homeownership rate of 66%.

There are several factors that may contribute to the low home values in the 22827 zip code. First, Elkton is located in rural Virginia which may make it less desirable for potential buyers. Additionally, Elkton has experienced significant population decline over the past few years which could lead to decreased demand for homes and reduced opportunities for sellers. Finally, there are a limited number of homes available for sale in this zip code which may also contribute to low prices.