28638 — Caldwell County, North Carolina Market Snapshot
Housing market data for zip code 28638 in Caldwell County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
27 sales in 2026 (year to date)
Median Sale Price
$289,000
Days to Sell
41
Homes Sold
27
Inventory
28
Sale-to-List
99.1%
New Listings
43
Price/SqFt
$182
Pending Sales
39
Conforming Loan Available
Most homebuyers in 28638 can comfortably use conventional financing. The median home price of $289,000 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
28638's market is balanced with homes taking an average of 41 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 28638 (99.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 28638 can comfortably use conventional financing. The median home price of $289,000 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 28638 are set at the county level.
2026 Loan Limits — Caldwell 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 28638
To purchase the median home at $289,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,364.
Monthly Payment
$2,364
Income Required
$101,324
Principal & Interest
$1,781/mo
Down Payment (5%)
$14,450
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 28638.
Estimated Monthly Payment
$1,939
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