23124 — New Kent County, Virginia Market Snapshot
Housing market data for zip code 23124 in New Kent County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
67 sales in 2026 (year to date)
Median Sale Price
$458,740
Days to Sell
86
Homes Sold
67
Inventory
58
Sale-to-List
99.6%
New Listings
70
Price/SqFt
$229
Pending Sales
55
Conforming Loan Available
Most homebuyers in 23124 can comfortably use conventional financing. The median home price of $458,740 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
With homes sitting for 86 days on average, 23124 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 23124 (99.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23124 can comfortably use conventional financing. The median home price of $458,740 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 23124 are set at the county level.
2026 Loan Limits — New Kent County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $707,250 |
| 2 Units | $1,066,250 | $905,400 |
| 3 Units | $1,288,800 | $1,094,450 |
| 4 Units | $1,601,750 | $1,360,100 |
Affordability Snapshot — Zip 23124
To purchase the median home at $458,740 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,665.
Monthly Payment
$3,665
Income Required
$157,059
Principal & Interest
$2,827/mo
Down Payment (5%)
$22,937
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 23124.
Estimated Monthly Payment
$2,989
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