28551 — Lenoir County, North Carolina Market Snapshot
Housing market data for zip code 28551 in Lenoir County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
62 sales in 2026 (year to date)
Median Sale Price
$295,803
Days to Sell
159
Homes Sold
62
Inventory
101
Sale-to-List
99.1%
New Listings
55
Price/SqFt
$159
Pending Sales
66
Conforming Loan Available
Most homebuyers in 28551 can comfortably use conventional financing. The median home price of $295,803 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 159 days on average, 28551 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 28551 (99.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 28551 can comfortably use conventional financing. The median home price of $295,803 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 28551 are set at the county level.
2026 Loan Limits — Lenoir 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 28551
To purchase the median home at $295,803 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,416.
Monthly Payment
$2,416
Income Required
$103,558
Principal & Interest
$1,823/mo
Down Payment (5%)
$14,790
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 28551.
Estimated Monthly Payment
$1,981
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