West Charlotte, Charlotte, NC—28208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Charlotte, Charlotte, NC
As of Oct '25, the median home price in West Charlotte, Charlotte, NC is $294,000, with a year-over-year change of -4.0%. This indicates that home prices in West Charlotte, Charlotte, NC are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $294,000 | -4.0% |
| Single Family | $296,000 | -3.9% |
| Condos | $186,000 | -7.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $226,000 | -7.8% |
2 Bed | $251,000 | -3.5% |
3 Bed | $297,000 | -4.2% |
4 Bed | $348,000 | -2.2% |
| 5 Bed | $404,000 | -3.3% |
% of Housing Stock
Rental Trends — West Charlotte, Charlotte, NC
As of July '25, Rentcast reports the average rent in West Charlotte, Charlotte, NC is $1,820, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in West Charlotte, Charlotte, NC is studios: $1,380, 1-bedrooms: $1,480, 2-bedrooms: $1,860, 3-bedrooms: $2,230, 4-bedrooms: $2,280. The most common rental property sizes in West Charlotte, Charlotte, NC are 2-bedroom and 3-bedroom, accounting for 45.0% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,640 | $1,820 |
| Studio Rent | $1,400 | $1,380 |
| 1 Bed Rent | $1,530 | $1,480 |
| 2 Bed Rent | $1,860 | $1,860 |
| 3 Bed Rent | $2,100 | $2,230 |
| 4 Bed Rent | $2,000 | $2,280 |
% of Rental Stock
Property Listings — West Charlotte, Charlotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in West Charlotte, Charlotte, NC is 53. This is a increase of 3.0% 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 | $375,000 | -3.0% |
Listing Count | 313 | 59.0% |
| Listings as % of Homes | 0.7% | 59.0% |
Days on Market | 53 | 3.0% |
Demographics — West Charlotte, Charlotte, NC
As of the latest ACS Survey released in 2023, West Charlotte, Charlotte, NC has a population of 38,900, which has decreased by -1.9% over the past 5 years. West Charlotte, Charlotte, NC is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,900 | -1.9% |
% Under 18 | 23.5% | -16.1% |
% Seniors | 12.0% | 31.9% |
% WFH | 15.6% | 500.0% |
% w/ College Degree | 25.8% | 44.1% |
As of the latest ACS Survey released in 2023, West Charlotte, Charlotte, NC is a predominantly black area, with 61.7% of the population identifying as black. The black population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in West Charlotte, Charlotte, NC is white, making up 16.0% of the population. Foreign-born residents account for 11.4% of the population in West Charlotte, Charlotte, NC, and this percentage has increased by 14.0% 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 | 16.0% | 20.3% |
% Black | 61.7% | -8.0% |
% Hispanic | 14.4% | 35.8% |
% Asian | 4.0% | -28.6% |
% Foreign Born | 11.4% | 14.0% |
Mortgage and Risk — West Charlotte, Charlotte, NC
According to HUD data as of 2023, there were 779 mortgage originations in West Charlotte, Charlotte, NC, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in West Charlotte, Charlotte, NC. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 779 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — West Charlotte, Charlotte, NC
As of 2024, the percent of homes in West Charlotte, Charlotte, NC under the Section 8 program is 16.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in West Charlotte, Charlotte, NC, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,688 |
Total Units Section 8 | 1,617 |
% Rentals under Section 8 | 16.4% |
% Occupied Section 8 | 70.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,530 | $1,420 |
| 2 Bedroom | -$290 | $1,860 | $1,570 |
| 3 Bedroom | -$160 | $2,100 | $1,940 |
| 4 Bedroom | $460 | $2,000 | $2,460 |
Affordability — West Charlotte, Charlotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $294,000 |
| Median Household Income | $51,300 |