28204 — Mecklenburg County, North Carolina Market Snapshot
Housing market data for zip code 28204 in Mecklenburg County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$367,500
Days to Sell
66
Homes Sold
12
Inventory
19
Sale-to-List
97.2%
New Listings
21
Price/SqFt
$325
Pending Sales
N/A
Conforming Loan Available
Most homebuyers in 28204 can comfortably use conventional financing. The median home price of $367,500 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 66 days on average, 28204 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 28204 sells for 2.8% below asking price (97.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 28204 can comfortably use conventional financing. The median home price of $367,500 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 28204 are set at the county level.
2026 Loan Limits — Mecklenburg 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 28204
To purchase the median home at $367,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,966.
Monthly Payment
$2,966
Income Required
$127,100
Principal & Interest
$2,264/mo
Down Payment (5%)
$18,375
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 28204.
Estimated Monthly Payment
$2,424
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