28117 — Iredell County, North Carolina Market Snapshot
Housing market data for zip code 28117 in Iredell County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
202 sales in 2026 (year to date)
Median Sale Price
$640,250
Days to Sell
72
Homes Sold
202
Inventory
354
Sale-to-List
97.3%
New Listings
364
Price/SqFt
$243
Pending Sales
N/A
Conforming Loan Available
Most homebuyers in 28117 can comfortably use conventional financing. The median home price of $640,250 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 72 days on average, 28117 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
The average home in 28117 sells for 2.7% below asking price (97.3% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 28117 can comfortably use conventional financing. The median home price of $640,250 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 28117 are set at the county level.
2026 Loan Limits — Iredell 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 28117
To purchase the median home at $640,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,055.
Monthly Payment
$5,055
Income Required
$216,660
Principal & Interest
$3,945/mo
Down Payment (5%)
$32,013
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 28117.
Estimated Monthly Payment
$4,112
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 28117. Tell us what you're looking for.