23457 — Virginia Beach city, Virginia Market Snapshot
Housing market data for zip code 23457 in Virginia Beach city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
15 sales in 2026 (year to date)
Median Sale Price
$669,000
Days to Sell
32
Homes Sold
15
Inventory
12
Sale-to-List
97.2%
New Listings
17
Price/SqFt
$280
Pending Sales
18
Conforming Loan Available
The median home in 23457 at $669,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
23457's market is balanced with homes taking an average of 32 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 23457 sells for 2.8% below asking price (97.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 23457 at $669,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 23457 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 23457
To purchase the median home at $669,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,276.
Monthly Payment
$5,276
Income Required
$226,100
Principal & Interest
$4,122/mo
Down Payment (5%)
$33,450
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 23457.
Estimated Monthly Payment
$4,290
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