23434 — Suffolk city, Virginia Market Snapshot
Housing market data for zip code 23434 in Suffolk city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
270 sales in 2026 (year to date)
Median Sale Price
$341,700
Days to Sell
39
Homes Sold
270
Inventory
206
Sale-to-List
99.8%
New Listings
325
Price/SqFt
$195
Pending Sales
296
Conforming Loan Available
Most homebuyers in 23434 can comfortably use conventional financing. The median home price of $341,700 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
23434's market is balanced with homes taking an average of 39 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 23434 (99.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23434 can comfortably use conventional financing. The median home price of $341,700 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 23434 are set at the county level.
2026 Loan Limits — Suffolk 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 23434
To purchase the median home at $341,700 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,768.
Monthly Payment
$2,768
Income Required
$118,629
Principal & Interest
$2,105/mo
Down Payment (5%)
$17,085
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 23434.
Estimated Monthly Payment
$2,265
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 23434. Tell us what you're looking for.