24012 — Botetourt County, Virginia Market Snapshot
Housing market data for zip code 24012 in Botetourt County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
113 sales in 2026 (year to date)
Median Sale Price
$237,500
Days to Sell
24
Homes Sold
113
Inventory
62
Sale-to-List
97.9%
New Listings
120
Price/SqFt
$132
Pending Sales
110
Conforming Loan Available
Most homebuyers in 24012 can comfortably use conventional financing. The median home price of $237,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 24012 are moving quickly at 24 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 24012 sells for 2.1% below asking price (97.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 24012 can comfortably use conventional financing. The median home price of $237,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 24012 are set at the county level.
2026 Loan Limits — Botetourt County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 24012
To purchase the median home at $237,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,970.
Monthly Payment
$1,970
Income Required
$84,414
Principal & Interest
$1,463/mo
Down Payment (5%)
$11,875
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 24012.
Estimated Monthly Payment
$1,620
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