24244 — Lee County, Virginia Market Snapshot
Housing market data for zip code 24244 in Lee County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$187,000
Days to Sell
50
Homes Sold
12
Inventory
13
Sale-to-List
92.5%
New Listings
10
Price/SqFt
$142
Pending Sales
11
Conforming Loan Available
Most homebuyers in 24244 can comfortably use conventional financing. The median home price of $187,000 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
24244's market is balanced with homes taking an average of 50 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 24244 sells for 7.5% below asking price (92.5% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 24244 can comfortably use conventional financing. The median home price of $187,000 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 24244 are set at the county level.
2026 Loan Limits — Lee 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 24244
To purchase the median home at $187,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,583.
Monthly Payment
$1,583
Income Required
$67,831
Principal & Interest
$1,152/mo
Down Payment (5%)
$9,350
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 24244.
Estimated Monthly Payment
$1,307
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 24244. Tell us what you're looking for.