Cornelius, NC—28031
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cornelius, NC
As of Oct '25, the median home price in Cornelius, NC is $537,000, with a year-over-year change of 0.3%. This indicates that home prices in Cornelius, NC are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $537,000 | 0.3% |
| Single Family | $582,000 | 0.9% |
| Condos | $361,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $318,000 | -0.9% |
3 Bed | $486,000 | 0.2% |
4 Bed | $785,000 | 1.3% |
| 5 Bed | $1,705,000 | 3.5% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Cornelius, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Cornelius, NC is 63. This is a increase of 35.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $759,000 | 37.0% |
Listing Count | 207 | 21.0% |
| Listings as % of Homes | 0.9% | 21.0% |
Days on Market | 63 | 35.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Cornelius, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $537,000 |
| Median Household Income | $116,000 |