28166 — Iredell County, North Carolina Market Snapshot
Housing market data for zip code 28166 in Iredell County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
99 sales in 2026 (year to date)
Median Sale Price
$370,000
Days to Sell
49
Homes Sold
99
Inventory
164
Sale-to-List
98.3%
New Listings
154
Price/SqFt
$186
Pending Sales
N/A
Conforming Loan Available
Most homebuyers in 28166 can comfortably use conventional financing. The median home price of $370,000 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
28166's market is balanced with homes taking an average of 49 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 28166 (98.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 28166 can comfortably use conventional financing. The median home price of $370,000 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 28166 are set at the county level.
2026 Loan Limits — Iredell 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 28166
To purchase the median home at $370,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,985.
Monthly Payment
$2,985
Income Required
$127,921
Principal & Interest
$2,280/mo
Down Payment (5%)
$18,500
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 28166.
Estimated Monthly Payment
$2,440
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 28166. Tell us what you're looking for.