23298 — Richmond city, Virginia Market Snapshot
Housing market data for zip code 23298 in Richmond city, Virginia. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 1 home sold in this ZIP code during the selected period. Statistics may not be representative. See the Richmond city county page for broader data.
Market Sales Data
1 sales in 2019
Median Sale Price
$627,109
Days to Sell
44
Homes Sold
1
Inventory
N/A
Conforming Loan Available
Most homebuyers in 23298 can comfortably use conventional financing. The median home price of $627,109 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
23298's market is balanced with homes taking an average of 44 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Conforming Loan Feasibility
Most homebuyers in 23298 can comfortably use conventional financing. The median home price of $627,109 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 23298 are set at the county level.
2026 Loan Limits — Richmond city
| 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 23298
To purchase the median home at $627,109 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,955.
Monthly Payment
$4,955
Income Required
$212,345
Principal & Interest
$3,864/mo
Down Payment (5%)
$31,355
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 23298.
Estimated Monthly Payment
$4,031
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