28016 — Gaston County, North Carolina Market Snapshot
Housing market data for zip code 28016 in Gaston County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
49 sales in 2026 (year to date)
Median Sale Price
$274,000
Days to Sell
58
Homes Sold
49
Inventory
87
Sale-to-List
98.2%
New Listings
95
Price/SqFt
$186
Pending Sales
N/A
Conforming Loan Available
Most homebuyers in 28016 can comfortably use conventional financing. The median home price of $274,000 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
28016's market is balanced with homes taking an average of 58 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 28016 (98.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 28016 can comfortably use conventional financing. The median home price of $274,000 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 28016 are set at the county level.
2026 Loan Limits — Gaston 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 28016
To purchase the median home at $274,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,249.
Monthly Payment
$2,249
Income Required
$96,399
Principal & Interest
$1,688/mo
Down Payment (5%)
$13,700
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 28016.
Estimated Monthly Payment
$1,846
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