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Matthews, NC—28104

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$599,000
1.0% YoY Growth
Household Income
$130,000
23.9% YoY Growth
Days on Market
38
16.0% Longer YoY
Home Price Forecast
0.4%
Median Rent
$2,350
0.8% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,200
26.4% YoY Growth
3-Bed Rent
$2,200
3.7% YoY Growth

Other Zip Codes in Matthews, NC

28105
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Matthews, NC

As of May '26, the median home price in Matthews, NC is $599,000, with a year-over-year change of 1.0%. This indicates that home prices in Matthews, NC are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$599,0001.0%
Single Family $601,0000.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$342,000-0.9%
    3 Bed
    		$406,000-1.0%
    4 Bed
    		$728,0001.8%
    5 Bed $1,050,7102.0%
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    % of Housing Stock

    Studio
    0.1%
    1 Bedroom
    0.3%
    2 Bedrooms
    5.2%
    3 Bedrooms
    37.0%
    4 Bedrooms
    34.5%
    5+ Bedrooms
    22.8%

    Rental Trends — Matthews, NC

    As of July '25, Rentcast reports the average rent in Matthews, NC is $2,470, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Matthews, NC is studios: $1,370, 2-bedrooms: $1,200, 3-bedrooms: $2,240, 4-bedrooms: $2,690. The most common rental property sizes in Matthews, NC are 3-bedroom and 2-bedroom, accounting for 55.6% and 23.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,350$2,470
    Studio Rent $1,370$1,370
    1 Bed Rent N/AN/A
    2 Bed Rent $1,200$1,200
    3 Bed Rent $2,200$2,240
    4 Bed Rent $2,500$2,690
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    % of Rental Stock

    1 Bedroom
    4.3%
    2 Bedrooms
    23.7%
    3 Bedrooms
    55.6%
    4 Bedrooms
    9.1%
    5+ Bedrooms
    7.2%

    Property Listings — Matthews, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Matthews, NC is 38. This is a increase of 16.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$675,0000.0%
    Listing Count
    		22321.0%
    Listings as % of Homes0.9%21.0%
    Days on Market
    		3816.0%
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    Demographics — Matthews, NC

    As of the latest ACS Survey released in 2023, Matthews, NC has a population of 36,200, which has increased by 16.6% over the past 5 years. Matthews, NC is a popular place for families, as children make up 26.2% of the population. The area has a highly educated workforce, with 56.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		36,20016.6%
    % Under 18
    		26.2%-5.1%
    % Seniors
    		12.8%0.0%
    % WFH
    		23.7%121.5%
    % w/ College Degree
    		56.7%9.7%
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    As of the latest ACS Survey released in 2023, Matthews, NC is a predominantly white area, with 73.6% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Matthews, NC is hispanic, making up 8.7% of the population. Foreign-born residents account for 12.7% of the population in Matthews, NC, and this percentage has increased by 60.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		73.6%-10.9%
    % Black
    		7.3%5.8%
    % Hispanic
    		8.7%93.3%
    % Asian
    		6.7%97.1%
    % Foreign Born
    		12.7%60.8%
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    Mortgage and Risk — Matthews, NC

    According to HUD data as of 2023, there were 1027 mortgage originations in Matthews, NC, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Matthews, NC. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,027
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Matthews, NC

    Matthews, NC lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		8
    Total Units Section 8
    		8
    % Rentals under Section 8
    		0.7%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$2,030
    2 Bedroom$1,050$1,200$2,250
    3 Bedroom$580$2,200$2,780
    4 Bedroom$1,020$2,500$3,520

    Affordability — Matthews, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$599,000
    Median Household Income$130,000

    Matthews, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions