24151 — Franklin County, Virginia Market Snapshot
Housing market data for zip code 24151 in Franklin County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
37 sales in 2026 (year to date)
Median Sale Price
$299,900
Days to Sell
45
Homes Sold
37
Inventory
42
Sale-to-List
97.4%
New Listings
57
Price/SqFt
$131
Pending Sales
50
Conforming Loan Available
Most homebuyers in 24151 can comfortably use conventional financing. The median home price of $299,900 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
24151's market is balanced with homes taking an average of 45 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 24151 sells for 2.6% below asking price (97.4% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 24151 can comfortably use conventional financing. The median home price of $299,900 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 24151 are set at the county level.
2026 Loan Limits — Franklin 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 24151
To purchase the median home at $299,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,448.
Monthly Payment
$2,448
Income Required
$104,903
Principal & Interest
$1,848/mo
Down Payment (5%)
$14,995
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 24151.
Estimated Monthly Payment
$2,006
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