23002 — Nottoway County, Virginia Market Snapshot
Housing market data for zip code 23002 in Nottoway County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
28 sales in 2026 (year to date)
Median Sale Price
$387,500
Days to Sell
11
Homes Sold
28
Inventory
24
Sale-to-List
100.8%
New Listings
54
Price/SqFt
$243
Pending Sales
38
Conforming Loan Available
Most homebuyers in 23002 can comfortably use conventional financing. The median home price of $387,500 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
23002 is an extremely competitive market with homes selling in just 11 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 23002 (100.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23002 can comfortably use conventional financing. The median home price of $387,500 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 23002 are set at the county level.
2026 Loan Limits — Nottoway 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 23002
To purchase the median home at $387,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,119.
Monthly Payment
$3,119
Income Required
$133,667
Principal & Interest
$2,388/mo
Down Payment (5%)
$19,375
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 23002.
Estimated Monthly Payment
$2,548
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