Uptown, Charlotte, NC—28202
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Uptown, Charlotte, NC
As of Oct '25, the median home price in Uptown, Charlotte, NC is $416,000, with a year-over-year change of -1.7%. This indicates that home prices in Uptown, Charlotte, NC are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $416,000 | -1.7% |
| Single Family | $488,000 | -2.2% |
| Condos | $388,000 | -1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $312,000 | -2.5% |
2 Bed | $463,000 | -1.5% |
3 Bed | $625,000 | -1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Uptown, Charlotte, NC
As of July '25, Rentcast reports the average rent in Uptown, Charlotte, NC is $2,180, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in Uptown, Charlotte, NC is studios: $1,580, 1-bedrooms: $1,960, 2-bedrooms: $2,760, 3-bedrooms: $2,800, 4-bedrooms: $2,470. The most common rental property sizes in Uptown, Charlotte, NC are 1-bedroom and 2-bedroom, accounting for 44.1% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,180 |
| Studio Rent | $1,580 | $1,580 |
| 1 Bed Rent | $1,920 | $1,960 |
| 2 Bed Rent | $2,640 | $2,760 |
| 3 Bed Rent | $2,400 | $2,800 |
| 4 Bed Rent | $2,140 | $2,470 |
% of Rental Stock
Property Listings — Uptown, Charlotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Uptown, Charlotte, NC is 60. 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $361,000 | -7.0% |
Listing Count | 145 | 28.0% |
| Listings as % of Homes | 0.3% | 28.0% |
Days on Market | 60 | 16.0% |
Demographics — Uptown, Charlotte, NC
As of the latest ACS Survey released in 2023, Uptown, Charlotte, NC has a population of 16,900, which has increased by 32.2% over the past 5 years. Uptown, Charlotte, NC is a less popular place for families, as children make up 6.0% of the population. The area has a highly educated workforce, with 63.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | 32.2% |
% Under 18 | 6.0% | -20.0% |
% Seniors | 6.3% | -25.0% |
% WFH | 32.1% | 237.9% |
% w/ College Degree | 63.6% | -14.1% |
As of the latest ACS Survey released in 2023, Uptown, Charlotte, NC is a predominantly white area, with 52.1% of the population identifying as white. The white population has shrunk by 14.3% in the last 5 years. The second most common race or ethnicity in Uptown, Charlotte, NC is black, making up 23.4% of the population. Foreign-born residents account for 14.3% of the population in Uptown, Charlotte, NC, and this percentage has increased by 57.1% 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 | 52.1% | -14.3% |
% Black | 23.4% | -6.0% |
% Hispanic | 11.8% | 78.8% |
% Asian | 7.3% | 102.8% |
% Foreign Born | 14.3% | 57.1% |
Mortgage and Risk — Uptown, Charlotte, NC
According to HUD data as of 2023, there were 218 mortgage originations in Uptown, Charlotte, NC, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Uptown, Charlotte, NC. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 218 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 4.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Uptown, Charlotte, NC
As of 2024, the percent of homes in Uptown, Charlotte, NC under the Section 8 program is 8.9%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Uptown, Charlotte, NC, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 628 |
Total Units Section 8 | 628 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 69.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,920 | $2,280 |
| 2 Bedroom | -$120 | $2,640 | $2,520 |
| 3 Bedroom | $710 | $2,400 | $3,110 |
| 4 Bedroom | $1,800 | $2,140 | $3,940 |
Affordability — Uptown, Charlotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $416,000 |
| Median Household Income | $102,000 |