23140 — New Kent County, Virginia Market Snapshot
Housing market data for zip code 23140 in New Kent County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
28 sales in 2026 (year to date)
Median Sale Price
$549,500
Days to Sell
18
Homes Sold
28
Inventory
44
Sale-to-List
98.5%
New Listings
58
Price/SqFt
$218
Pending Sales
46
Conforming Loan Available
Most homebuyers in 23140 can comfortably use conventional financing. The median home price of $549,500 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 23140 are moving quickly at 18 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 23140 (98.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23140 can comfortably use conventional financing. The median home price of $549,500 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 23140 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 23140
To purchase the median home at $549,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,360.
Monthly Payment
$4,360
Income Required
$186,861
Principal & Interest
$3,386/mo
Down Payment (5%)
$27,475
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 23140.
Estimated Monthly Payment
$3,551
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