23456 — Virginia Beach city, Virginia Market Snapshot
Housing market data for zip code 23456 in Virginia Beach city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
54 sales in 2026 (year to date)
Median Sale Price
$385,750
Days to Sell
54
Homes Sold
54
Inventory
58
Sale-to-List
99.2%
New Listings
78
Price/SqFt
$234
Pending Sales
64
Conforming Loan Available
Most homebuyers in 23456 can comfortably use conventional financing. The median home price of $385,750 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
23456's market is balanced with homes taking an average of 54 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 23456 (99.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23456 can comfortably use conventional financing. The median home price of $385,750 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 23456 are set at the county level.
2026 Loan Limits — Virginia Beach 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 23456
To purchase the median home at $385,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,105.
Monthly Payment
$3,105
Income Required
$133,093
Principal & Interest
$2,377/mo
Down Payment (5%)
$19,288
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 23456.
Estimated Monthly Payment
$2,537
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