27703 — Wake County, North Carolina Market Snapshot
Housing market data for zip code 27703 in Wake County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
133 sales in 2026 (year to date)
Median Sale Price
$360,000
Days to Sell
68
Homes Sold
133
Inventory
150
Sale-to-List
98.6%
New Listings
181
Price/SqFt
$193
Pending Sales
164
Conforming Loan Available
Most homebuyers in 27703 can comfortably use conventional financing. The median home price of $360,000 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 68 days on average, 27703 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 27703 (98.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 27703 can comfortably use conventional financing. The median home price of $360,000 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 27703 are set at the county level.
2026 Loan Limits — Wake 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 27703
To purchase the median home at $360,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,908.
Monthly Payment
$2,908
Income Required
$124,638
Principal & Interest
$2,218/mo
Down Payment (5%)
$18,000
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 27703.
Estimated Monthly Payment
$2,378
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