Cornelius, NC 28031 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cornelius, NC—28031

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$548,000

0.9% YoY Growth

Household Income

$116,000

28.9% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

0.3%

Median Rent

$2,200

4.9% YoY Growth

1-Bed Rent

$1,350

23.9% YoY Growth

2-Bed Rent

$1,950

9.9% YoY Growth

3-Bed Rent

$2,340

14.3% YoY Growth

Home Price Trends — Cornelius, NC

As of May '26, the median home price in Cornelius, NC is $548,000, with a year-over-year change of 0.9%. This indicates that home prices in Cornelius, NC are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$548,000	0.9%
Single Family	$594,000	1.2%
Condos	$366,000	1.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Cornelius, NC

As of July '25, Rentcast reports the average rent in Cornelius, NC is $2,370, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Cornelius, NC is studios: $1,100, 1-bedrooms: $1,340, 2-bedrooms: $1,990, 3-bedrooms: $2,560, 4-bedrooms: $3,190. The most common rental property sizes in Cornelius, NC are 2-bedroom and 3-bedroom, accounting for 39.8% and 29.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,370
Studio Rent	$1,100	$1,100
1 Bed Rent	$1,350	$1,340
2 Bed Rent	$1,950	$1,990
3 Bed Rent	$2,340	$2,560
4 Bed Rent	$2,990	$3,190

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% of Rental Stock

Studio

1.7%

1 Bedroom

20.4%

2 Bedrooms

39.8%

3 Bedrooms

29.0%

4 Bedrooms

5.7%

5+ Bedrooms

3.4%

Property Listings — Cornelius, NC

As of May '26, Realtor.com reports that the median days on market for a home in Cornelius, NC is 44. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$612,000	1.0%
Listing Count	286	28.0%
Listings as % of Homes	0.9%	28.0%
Days on Market	44	1.0%

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Demographics — Cornelius, NC

As of the latest ACS Survey released in 2023, Cornelius, NC has a population of 31,000, which has increased by 13.0% over the past 5 years. Cornelius, NC is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 60.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	31,000	13.0%
% Under 18	22.3%	-4.3%
% Seniors	20.3%	43.0%
% WFH	25.5%	116.1%
% w/ College Degree	60.6%	11.6%

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As of the latest ACS Survey released in 2023, Cornelius, NC is a predominantly white area, with 81.9% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Cornelius, NC is hispanic, making up 6.3% of the population. Foreign-born residents account for 8.8% of the population in Cornelius, NC, and this percentage has increased by 12.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	81.9%	0.0%
% Black	4.4%	-44.3%
% Hispanic	6.3%	5.0%
% Asian	2.4%	4.3%
% Foreign Born	8.8%	12.8%

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Mortgage and Risk — Cornelius, NC

According to HUD data as of 2023, there were 769 mortgage originations in Cornelius, NC, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Cornelius, NC. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	769
% Conventional Loans	94.0%
% Government Loans	6.0%
% Investor Loans	2.0%
% Second Loans	3.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Cornelius, NC

As of 2024, the percent of homes in Cornelius, NC under the Section 8 program is 1.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Cornelius, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	43
Total Units Section 8	43
% Rentals under Section 8	1.1%
% Occupied Section 8	86.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$480	$1,350	$1,830
2 Bedroom	$80	$1,950	$2,030
3 Bedroom	$160	$2,340	$2,500
4 Bedroom	$180	$2,990	$3,170

Cornelius, NC—28031

Key Metrics at a Glance

Home Price Trends — Cornelius, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cornelius, NC

% of Rental Stock

Property Listings — Cornelius, NC

Demographics — Cornelius, NC

Race and Ethnicity

Mortgage and Risk — Cornelius, NC

Mortgages

Rentals and Section 8 — Cornelius, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Cornelius, NC

Home Price to Income Ratio

Cornelius, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Huntersville, NC

Mooresville, NC

Davidson, NC

Denver, NC

Terrell, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.4
Median Home Price	$548,000
Median Household Income	$116,000

Cornelius, NC—28031

Key Metrics at a Glance

Home Price Trends — Cornelius, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cornelius, NC

% of Rental Stock

Property Listings — Cornelius, NC

Demographics — Cornelius, NC

Race and Ethnicity

Mortgage and Risk — Cornelius, NC

Mortgages

Rentals and Section 8 — Cornelius, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Cornelius, NC

Home Price to Income Ratio

Cornelius, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Huntersville, NC

Mooresville, NC

Davidson, NC

Denver, NC

Terrell, NC

Frequently Asked Questions

What is the average home price in Cornelius, NC 28031?

How have home prices in Cornelius, NC 28031 changed over the past year?

What is the home price projection for Cornelius, NC 28031?

What are the demographics of Cornelius, NC 28031?

How long does it take homes to sell in Cornelius, NC 28031?

What is the average rent price in Cornelius, NC 28031?