28209 — Mecklenburg County, North Carolina Market Snapshot
Housing market data for zip code 28209 in Mecklenburg County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
34 sales in 2026 (year to date)
Median Sale Price
$360,250
Days to Sell
54
Homes Sold
34
Inventory
53
Sale-to-List
97.9%
New Listings
55
Price/SqFt
$322
Pending Sales
N/A
Conforming Loan Available
Most homebuyers in 28209 can comfortably use conventional financing. The median home price of $360,250 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
28209's market is balanced with homes taking an average of 54 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 28209 sells for 2.1% below asking price (97.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 28209 can comfortably use conventional financing. The median home price of $360,250 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 28209 are set at the county level.
2026 Loan Limits — Mecklenburg 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 28209
To purchase the median home at $360,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,910.
Monthly Payment
$2,910
Income Required
$124,720
Principal & Interest
$2,220/mo
Down Payment (5%)
$18,013
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 28209.
Estimated Monthly Payment
$2,380
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