28480 — New Hanover County, North Carolina Market Snapshot
Housing market data for zip code 28480 in New Hanover County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$3,162,500
Days to Sell
146
Homes Sold
12
Inventory
17
Sale-to-List
94.7%
New Listings
13
Price/SqFt
$1,397
Pending Sales
8
Jumbo Loan Likely Needed
The median home in 28480 at $3,162,500 exceeds the 2026 conforming loan limit of $832,750 by $2,329,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
With homes sitting for 146 days on average, 28480 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 28480 sells for 5.3% below asking price (94.7% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 28480 at $3,162,500 exceeds the 2026 conforming loan limit of $832,750 by $2,329,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 28480 are set at the county level.
2026 Loan Limits — New Hanover 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 28480
To purchase the median home at $3,162,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $24,380.
Monthly Payment
$24,380
Income Required
$1,044,860
Principal & Interest
$19,486/mo
Down Payment (5%)
$158,125
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 28480.
Estimated Monthly Payment
$19,722
Jumbo loan required. Loan amount exceeds the $832,750 conforming limit for 28480.
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