28690 — Burke County, North Carolina Market Snapshot
Housing market data for zip code 28690 in Burke County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
17 sales in 2026 (year to date)
Median Sale Price
$258,000
Days to Sell
70
Homes Sold
17
Inventory
34
Sale-to-List
95.7%
New Listings
36
Price/SqFt
$147
Pending Sales
24
Conforming Loan Available
Most homebuyers in 28690 can comfortably use conventional financing. The median home price of $258,000 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
With homes sitting for 70 days on average, 28690 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 28690 sells for 4.3% below asking price (95.7% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 28690 can comfortably use conventional financing. The median home price of $258,000 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 28690 are set at the county level.
2026 Loan Limits — Burke 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 28690
To purchase the median home at $258,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,127.
Monthly Payment
$2,127
Income Required
$91,145
Principal & Interest
$1,590/mo
Down Payment (5%)
$12,900
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 28690.
Estimated Monthly Payment
$1,747
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