Matthews, NC—28105
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Matthews, NC
Home Price Trends — Matthews, NC
As of Oct '25, the median home price in Matthews, NC is $486,000, with a year-over-year change of 1.8%. This indicates that home prices in Matthews, NC are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $486,000 | 1.8% |
| Single Family | $491,000 | 2.1% |
| Condos | $382,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $338,000 | 0.0% |
3 Bed | $408,000 | 0.5% |
4 Bed | $576,000 | 2.5% |
| 5 Bed | $746,000 | 1.8% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Matthews, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Matthews, NC is 52. This is a increase of 36.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | -12.0% |
Listing Count | 156 | 21.0% |
| Listings as % of Homes | 0.6% | 21.0% |
Days on Market | 52 | 36.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,900 | 0.3% |
% Under 18 | 23.2% | -0.9% |
% Seniors | 17.4% | 13.7% |
% WFH | 17.5% | 121.5% |
% w/ College Degree | 52.2% | 1.6% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $486,000 |
| Median Household Income | $104,000 |