24083 — Botetourt County, Virginia Market Snapshot
Housing market data for zip code 24083 in Botetourt County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$521,250
Days to Sell
8
Homes Sold
10
Inventory
15
Sale-to-List
99.0%
New Listings
22
Price/SqFt
$204
Pending Sales
11
Conforming Loan Available
Most homebuyers in 24083 can comfortably use conventional financing. The median home price of $521,250 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
24083 is an extremely competitive market with homes selling in just 8 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 24083 (99.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 24083 can comfortably use conventional financing. The median home price of $521,250 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 24083 are set at the county level.
2026 Loan Limits — Botetourt County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 24083
To purchase the median home at $521,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,144.
Monthly Payment
$4,144
Income Required
$177,585
Principal & Interest
$3,212/mo
Down Payment (5%)
$26,063
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 24083.
Estimated Monthly Payment
$3,376
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