23321 — Portsmouth city, Virginia Market Snapshot
Housing market data for zip code 23321 in Portsmouth city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
37 sales in 2026 (year to date)
Median Sale Price
$310,500
Days to Sell
42
Homes Sold
37
Inventory
25
Sale-to-List
99.8%
New Listings
44
Price/SqFt
$173
Pending Sales
40
Conforming Loan Available
Most homebuyers in 23321 can comfortably use conventional financing. The median home price of $310,500 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
23321's market is balanced with homes taking an average of 42 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 23321 (99.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23321 can comfortably use conventional financing. The median home price of $310,500 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 23321 are set at the county level.
2026 Loan Limits — Portsmouth 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 23321
To purchase the median home at $310,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,529.
Monthly Payment
$2,529
Income Required
$108,384
Principal & Interest
$1,913/mo
Down Payment (5%)
$15,525
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 23321.
Estimated Monthly Payment
$2,072
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