23314 — Isle of Wight County, Virginia Market Snapshot
Housing market data for zip code 23314 in Isle of Wight County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
25 sales in 2026 (year to date)
Median Sale Price
$367,345
Days to Sell
147
Homes Sold
25
Inventory
2
Sale-to-List
99.5%
New Listings
13
Price/SqFt
$206
Pending Sales
12
Conforming Loan Available
Most homebuyers in 23314 can comfortably use conventional financing. The median home price of $367,345 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
With homes sitting for 147 days on average, 23314 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 23314 (99.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23314 can comfortably use conventional financing. The median home price of $367,345 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 23314 are set at the county level.
2026 Loan Limits — Isle of Wight County
| 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 23314
To purchase the median home at $367,345 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,964.
Monthly Payment
$2,964
Income Required
$127,049
Principal & Interest
$2,263/mo
Down Payment (5%)
$18,367
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 23314.
Estimated Monthly Payment
$2,423
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