27516 — Chatham County, North Carolina Market Snapshot
Housing market data for zip code 27516 in Chatham County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
154 sales in 2026 (year to date)
Median Sale Price
$625,000
Days to Sell
34
Homes Sold
154
Inventory
172
Sale-to-List
98.9%
New Listings
270
Price/SqFt
$274
Pending Sales
201
Conforming Loan Available
Most homebuyers in 27516 can comfortably use conventional financing. The median home price of $625,000 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
27516's market is balanced with homes taking an average of 34 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 27516 (98.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 27516 can comfortably use conventional financing. The median home price of $625,000 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 27516 are set at the county level.
2026 Loan Limits — Chatham County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $634,800 |
| 2 Units | $1,066,250 | $812,650 |
| 3 Units | $1,288,800 | $982,300 |
| 4 Units | $1,601,750 | $1,220,800 |
Affordability Snapshot — Zip 27516
To purchase the median home at $625,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,939.
Monthly Payment
$4,939
Income Required
$211,652
Principal & Interest
$3,851/mo
Down Payment (5%)
$31,250
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 27516.
Estimated Monthly Payment
$4,018
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