28731 — Polk County, North Carolina Market Snapshot
Housing market data for zip code 28731 in Polk County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
43 sales in 2026 (year to date)
Median Sale Price
$509,500
Days to Sell
56
Homes Sold
43
Inventory
85
Sale-to-List
97.5%
New Listings
79
Price/SqFt
$246
Pending Sales
55
Conforming Loan Available
Most homebuyers in 28731 can comfortably use conventional financing. The median home price of $509,500 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
28731's market is balanced with homes taking an average of 56 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 28731 sells for 2.5% below asking price (97.5% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 28731 can comfortably use conventional financing. The median home price of $509,500 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 28731 are set at the county level.
2026 Loan Limits — Polk 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 28731
To purchase the median home at $509,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,054.
Monthly Payment
$4,054
Income Required
$173,727
Principal & Interest
$3,139/mo
Down Payment (5%)
$25,475
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 28731.
Estimated Monthly Payment
$3,303
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 28731. Tell us what you're looking for.