Smyth County, Virginia has a 2026 one-unit conforming loan limit of $832,750, which is 6.0 times the county's median home value of $139,600, so a typical home there can be financed with a conforming (non-jumbo) loan; median household income is $49,883 (FHFA; Census ACS 2020–2024).
Data as of 2026. Source: FHFA 2026 conforming loan limits; U.S. Census Bureau ACS 2020–2024
| Item | Value |
|---|---|
| 1-unit limit (2026) | $832,750 |
| 2-unit limit | $1,066,250 |
| 3-unit limit | $1,288,800 |
| 4-unit limit | $1,601,750 |
| Median home value (ACS 2020–24) | $139,600 |
| Virginia median home value | $383,700 |
| Limit ÷ median home value | 5.97× |
| Median household income | $49,883 |
| Median home value ÷ income | 2.8× |
| Population | 29,420 |
| Median property tax paid (owners) | $805 |
| Effective property tax rate (approx.) | 0.58% |
| Owner-occupied homes | 71.0% |
| Home value rank in Virginia | 121 of 133 counties |
| Neighbor: Bland County, VA | limit $832,750; median home $152,100 |
| Neighbor: Grayson County, VA | limit $832,750; median home $150,100 |
| Neighbor: Russell County, VA | limit $832,750; median home $120,600 |
| Neighbor: Tazewell County, VA | limit $832,750; median home $118,300 |
| Neighbor: Washington County, VA | limit $832,750; median home $214,000 |
| Neighbor: Wythe County, VA | limit $832,750; median home $171,200 |
Across Virginia's 133 counties, FHFA's 2026 one-unit limits range from $832,750 to $1,249,125, with 18 high-cost counties. Smyth County's median home value is 64% below the state median of $383,700 (rank 121 of 133). Among its 6 neighboring counties, Washington County has the highest median home value ($214,000) and Tazewell County the lowest ($118,300); all share the same loan limit. Owners pay a median $805 a year in property tax, an effective rate of about 0.58% of home value.
County data: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (tables B25077, B19013, B01003, B25103, B25003). Neighbors: Census county adjacency file.
Related
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Last updated 2026-10-16. Data only, not financial or tax advice.