Myers Park, Charlotte, NC—28207
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Myers Park, Charlotte, NC
As of Oct '25, the median home price in Myers Park, Charlotte, NC is $1,549,000, with a year-over-year change of 4.1%. This indicates that home prices in Myers Park, Charlotte, NC are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,549,000 | 4.1% |
| Single Family | $2,062,000 | 5.3% |
| Condos | $454,000 | 0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $244,000 | -5.8% |
2 Bed | $388,000 | -0.8% |
3 Bed | $1,358,000 | 4.0% |
4 Bed | $2,142,000 | 4.5% |
| 5 Bed | $3,020,000 | 5.9% |
% of Housing Stock
Rental Trends — Myers Park, Charlotte, NC
As of July '25, Rentcast reports the average rent in Myers Park, Charlotte, NC is $2,480, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Myers Park, Charlotte, NC is studios: $1,600, 1-bedrooms: $1,660, 2-bedrooms: $2,310, 3-bedrooms: $4,070. The most common rental property sizes in Myers Park, Charlotte, NC are 2-bedroom and 1-bedroom, accounting for 60.7% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,480 |
| Studio Rent | $1,600 | $1,600 |
| 1 Bed Rent | $1,700 | $1,660 |
| 2 Bed Rent | $2,000 | $2,310 |
| 3 Bed Rent | $3,400 | $4,070 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Myers Park, Charlotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Myers Park, Charlotte, NC is 51. This is a increase of 19.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,660,000 | 0.0% |
Listing Count | 75 | 12.0% |
| Listings as % of Homes | 1.4% | 12.0% |
Days on Market | 51 | 19.0% |
Demographics — Myers Park, Charlotte, NC
As of the latest ACS Survey released in 2023, Myers Park, Charlotte, NC has a population of 9,710, which has increased by 1.8% over the past 5 years. Myers Park, Charlotte, NC is a moderately popular place for families, as children make up 21.2% of the population. The area has a highly educated workforce, with 86.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,710 | 1.8% |
% Under 18 | 21.2% | 9.3% |
% Seniors | 17.0% | 4.3% |
% WFH | 16.8% | 75.0% |
% w/ College Degree | 86.4% | 7.9% |
As of the latest ACS Survey released in 2023, Myers Park, Charlotte, NC is a predominantly white area, with 91.2% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Myers Park, Charlotte, NC is hispanic, making up 3.7% of the population. Foreign-born residents account for 2.9% of the population in Myers Park, Charlotte, NC, and this percentage has decreased by 17.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.2% | -1.7% |
% Black | 1.9% | -38.7% |
% Hispanic | 3.7% | 94.7% |
% Asian | 1.1% | 22.2% |
% Foreign Born | 2.9% | -17.1% |
Mortgage and Risk — Myers Park, Charlotte, NC
According to HUD data as of 2023, there were 182 mortgage originations in Myers Park, Charlotte, NC, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Myers Park, Charlotte, NC. Investor activity is low, as 1.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 182 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Myers Park, Charlotte, NC
Myers Park, Charlotte, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,700 | $1,800 |
| 2 Bedroom | -$10 | $2,000 | $1,990 |
| 3 Bedroom | -$950 | $3,400 | $2,450 |
| 4 Bedroom | N/A | N/A | $3,110 |
Affordability — Myers Park, Charlotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $1,549,000 |
| Median Household Income | $212,000 |