28227 — Union County, North Carolina Market Snapshot
Housing market data for zip code 28227 in Union County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
166 sales in 2026 (year to date)
Median Sale Price
$445,500
Days to Sell
57
Homes Sold
166
Inventory
256
Sale-to-List
98.9%
New Listings
283
Price/SqFt
$224
Pending Sales
N/A
Conforming Loan Available
Most homebuyers in 28227 can comfortably use conventional financing. The median home price of $445,500 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
28227's market is balanced with homes taking an average of 57 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 28227 (98.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 28227 can comfortably use conventional financing. The median home price of $445,500 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 28227 are set at the county level.
2026 Loan Limits — Union 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 28227
To purchase the median home at $445,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,563.
Monthly Payment
$3,563
Income Required
$152,712
Principal & Interest
$2,745/mo
Down Payment (5%)
$22,275
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 28227.
Estimated Monthly Payment
$2,907
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