28097 — Cabarrus County, North Carolina Market Snapshot
Housing market data for zip code 28097 in Cabarrus County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
53 sales in 2026 (year to date)
Median Sale Price
$419,900
Days to Sell
61
Homes Sold
53
Inventory
62
Sale-to-List
98.9%
New Listings
72
Price/SqFt
$186
Pending Sales
58
Conforming Loan Available
Most homebuyers in 28097 can comfortably use conventional financing. The median home price of $419,900 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
With homes sitting for 61 days on average, 28097 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 28097 (98.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 28097 can comfortably use conventional financing. The median home price of $419,900 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 28097 are set at the county level.
2026 Loan Limits — Cabarrus 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 28097
To purchase the median home at $419,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,367.
Monthly Payment
$3,367
Income Required
$144,306
Principal & Interest
$2,587/mo
Down Payment (5%)
$20,995
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 28097.
Estimated Monthly Payment
$2,749
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