23435 — Suffolk city, Virginia Market Snapshot
Housing market data for zip code 23435 in Suffolk city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
17 sales in 2026 (year to date)
Median Sale Price
$348,560
Days to Sell
27
Homes Sold
17
Inventory
13
Sale-to-List
99.0%
New Listings
22
Price/SqFt
$189
Pending Sales
20
Conforming Loan Available
Most homebuyers in 23435 can comfortably use conventional financing. The median home price of $348,560 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 23435 are moving quickly at 27 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 23435 (99.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23435 can comfortably use conventional financing. The median home price of $348,560 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 23435 are set at the county level.
2026 Loan Limits — Suffolk city
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $757,850 |
| 2 Units | $1,066,250 | $970,200 |
| 3 Units | $1,288,800 | $1,172,750 |
| 4 Units | $1,601,750 | $1,457,450 |
Affordability Snapshot — Zip 23435
To purchase the median home at $348,560 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,821.
Monthly Payment
$2,821
Income Required
$120,881
Principal & Interest
$2,148/mo
Down Payment (5%)
$17,428
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 23435.
Estimated Monthly Payment
$2,307
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