28701 — Buncombe County, North Carolina Market Snapshot
Housing market data for zip code 28701 in Buncombe County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
21 sales in 2026 (year to date)
Median Sale Price
$475,000
Days to Sell
52
Homes Sold
21
Inventory
23
Sale-to-List
98.6%
New Listings
32
Price/SqFt
$268
Pending Sales
28
Conforming Loan Available
Most homebuyers in 28701 can comfortably use conventional financing. The median home price of $475,000 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
28701's market is balanced with homes taking an average of 52 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 28701 (98.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 28701 can comfortably use conventional financing. The median home price of $475,000 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 28701 are set at the county level.
2026 Loan Limits — Buncombe 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 28701
To purchase the median home at $475,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,789.
Monthly Payment
$3,789
Income Required
$162,399
Principal & Interest
$2,927/mo
Down Payment (5%)
$23,750
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 28701.
Estimated Monthly Payment
$3,090
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 28701. Tell us what you're looking for.