28787 — Madison County, North Carolina Market Snapshot
Housing market data for zip code 28787 in Madison County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
44 sales in 2026 (year to date)
Median Sale Price
$457,250
Days to Sell
113
Homes Sold
44
Inventory
134
Sale-to-List
97.4%
New Listings
119
Price/SqFt
$261
Pending Sales
73
Conforming Loan Available
Most homebuyers in 28787 can comfortably use conventional financing. The median home price of $457,250 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 113 days on average, 28787 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 28787 sells for 2.6% below asking price (97.4% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 28787 can comfortably use conventional financing. The median home price of $457,250 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 28787 are set at the county level.
2026 Loan Limits — Madison 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 28787
To purchase the median home at $457,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,653.
Monthly Payment
$3,653
Income Required
$156,570
Principal & Interest
$2,817/mo
Down Payment (5%)
$22,863
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 28787.
Estimated Monthly Payment
$2,980
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