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Matthews, NC—28105

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$495,000
1.1% YoY Growth
Household Income
$104,000
38.4% YoY Growth
Days on Market
34
3.0% Shorter YoY
Home Price Forecast
0.4%
Median Rent
$1,600
20.0% YoY Growth
1-Bed Rent
$1,410
0.7% YoY Growth
2-Bed Rent
$1,600
1.8% YoY Growth
3-Bed Rent
$2,100
4.8% YoY Growth

Other Zip Codes in Matthews, NC

28104
  • 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 $495,000, with a year-over-year change of 1.1%. This indicates that home prices in Matthews, NC are increasing. 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
$495,0001.1%
Single Family $499,0001.0%
Condos $376,000-0.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$335,000-0.9%
    3 Bed
    		$415,0000.0%
    4 Bed
    		$589,0001.2%
    5 Bed $761,8030.2%
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    11.0%
    2 Bedrooms
    20.7%
    3 Bedrooms
    33.9%
    4 Bedrooms
    25.4%
    5+ Bedrooms
    8.4%

    Rental Trends — Matthews, NC

    As of July '25, Rentcast reports the average rent in Matthews, NC is $1,760, with a year-over-year rent change of -20.0%. Per bedroom, the median rent as of July '25 in Matthews, NC is studios: $1,590, 1-bedrooms: $1,400, 2-bedrooms: $1,670, 3-bedrooms: $2,180, 4-bedrooms: $2,620. The most common rental property sizes in Matthews, NC are 2-bedroom and 1-bedroom, accounting for 42.1% and 28.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,760
    Studio Rent $1,300$1,590
    1 Bed Rent $1,410$1,400
    2 Bed Rent $1,600$1,670
    3 Bed Rent $2,100$2,180
    4 Bed Rent $2,540$2,620
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    % of Rental Stock

    Studio
    1.0%
    1 Bedroom
    28.5%
    2 Bedrooms
    42.1%
    3 Bedrooms
    21.6%
    4 Bedrooms
    5.6%
    5+ Bedrooms
    1.2%

    Property Listings — Matthews, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Matthews, NC is 34. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$530,000-6.0%
    Listing Count
    		171-6.0%
    Listings as % of Homes0.6%-6.0%
    Days on Market
    		34-3.0%
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    Demographics — Matthews, NC

    As of the latest ACS Survey released in 2023, Matthews, NC has a population of 45,900, which has remained stable by 0.3% over the past 5 years. Matthews, NC is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 52.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		45,9000.3%
    % Under 18
    		23.2%-0.9%
    % Seniors
    		17.4%13.7%
    % WFH
    		17.5%121.5%
    % w/ College Degree
    		52.2%1.6%
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    As of the latest ACS Survey released in 2023, Matthews, NC is a predominantly white area, with 65.1% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Matthews, NC is black, making up 14.3% of the population. Foreign-born residents account for 16.2% of the population in Matthews, NC, and this percentage has increased by 15.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		65.1%-8.4%
    % Black
    		14.3%28.8%
    % Hispanic
    		8.4%-20.0%
    % Asian
    		8.7%97.7%
    % Foreign Born
    		16.2%15.7%
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    Mortgage and Risk — Matthews, NC

    According to HUD data as of 2023, there were 276 mortgage originations in Matthews, NC, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Matthews, NC. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		276
    % Conventional Loans
    		83.0%
    % Government Loans
    		17.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		20.0%
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    Rentals and Section 8 — Matthews, NC

    As of 2024, the percent of homes in Matthews, NC under the Section 8 program is 0.2%. 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 Matthews, 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
    		18
    Total Units Section 8
    		18
    % Rentals under Section 8
    		0.2%
    % Occupied Section 8
    		52.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$450$1,410$1,860
    2 Bedroom$460$1,600$2,060
    3 Bedroom$440$2,100$2,540
    4 Bedroom$680$2,540$3,220

    Affordability — Matthews, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.3
    Median Home Price$495,000
    Median Household Income$104,000

    Matthews, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    28270

    Matthews, NC

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    Cotswold, Charlotte, NC

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    Frequently Asked Questions