28277 — Mecklenburg County, North Carolina Market Snapshot
Housing market data for zip code 28277 in Mecklenburg County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
80 sales in 2026 (year to date)
Median Sale Price
$482,450
Days to Sell
73
Homes Sold
80
Inventory
93
Sale-to-List
99.0%
New Listings
102
Price/SqFt
$251
Pending Sales
N/A
Conforming Loan Available
Most homebuyers in 28277 can comfortably use conventional financing. The median home price of $482,450 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 73 days on average, 28277 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 28277 (99.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 28277 can comfortably use conventional financing. The median home price of $482,450 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 28277 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 28277
To purchase the median home at $482,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,846.
Monthly Payment
$3,846
Income Required
$164,845
Principal & Interest
$2,973/mo
Down Payment (5%)
$24,123
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 28277.
Estimated Monthly Payment
$3,136
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