SouthPark, Charlotte, NC—28210
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — SouthPark, Charlotte, NC
As of Oct '25, the median home price in SouthPark, Charlotte, NC is $556,000, with a year-over-year change of 1.0%. This indicates that home prices in SouthPark, Charlotte, NC are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $556,000 | 1.0% |
| Single Family | $620,000 | 1.5% |
| Condos | $278,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $191,000 | -6.8% |
2 Bed | $279,000 | -3.1% |
3 Bed | $509,000 | 0.8% |
4 Bed | $813,000 | 2.8% |
| 5 Bed | $1,284,000 | 2.4% |
% of Housing Stock
Rental Trends — SouthPark, Charlotte, NC
As of July '25, Rentcast reports the average rent in SouthPark, Charlotte, NC is $1,860, with a year-over-year rent change of -13.9%. Per bedroom, the median rent as of July '25 in SouthPark, Charlotte, NC is studios: $1,360, 1-bedrooms: $1,370, 2-bedrooms: $1,710, 3-bedrooms: $2,660, 4-bedrooms: $3,840. The most common rental property sizes in SouthPark, Charlotte, NC are 2-bedroom and 1-bedroom, accounting for 45.4% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,520 | $1,860 |
| Studio Rent | $1,360 | $1,360 |
| 1 Bed Rent | $1,260 | $1,370 |
| 2 Bed Rent | $1,500 | $1,710 |
| 3 Bed Rent | $2,370 | $2,660 |
| 4 Bed Rent | $2,850 | $3,840 |
% of Rental Stock
Property Listings — SouthPark, Charlotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in SouthPark, Charlotte, NC is 44. This is a increase of 35.0% 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 | $491,000 | -5.0% |
Listing Count | 187 | 15.0% |
| Listings as % of Homes | 0.5% | 15.0% |
Days on Market | 44 | 35.0% |
Demographics — SouthPark, Charlotte, NC
As of the latest ACS Survey released in 2023, SouthPark, Charlotte, NC has a population of 47,500, which has decreased by -1.6% over the past 5 years. SouthPark, Charlotte, NC is a moderately popular place for families, as children make up 23.0% of the population. The area has a highly educated workforce, with 59.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,500 | -1.6% |
% Under 18 | 23.0% | 4.1% |
% Seniors | 14.3% | 2.9% |
% WFH | 23.2% | 307.0% |
% w/ College Degree | 59.5% | 6.1% |
As of the latest ACS Survey released in 2023, SouthPark, Charlotte, NC is a predominantly white area, with 60.2% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in SouthPark, Charlotte, NC is hispanic, making up 20.3% of the population. Foreign-born residents account for 18.8% of the population in SouthPark, Charlotte, NC, and this percentage has increased by 10.6% 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 | 60.2% | -1.8% |
% Black | 12.0% | -22.6% |
% Hispanic | 20.3% | 12.8% |
% Asian | 2.8% | -31.7% |
% Foreign Born | 18.8% | 10.6% |
Mortgage and Risk — SouthPark, Charlotte, NC
According to HUD data as of 2023, there were 671 mortgage originations in SouthPark, Charlotte, NC, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in SouthPark, Charlotte, NC. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 671 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — SouthPark, Charlotte, NC
As of 2024, the percent of homes in SouthPark, Charlotte, NC under the Section 8 program is 2.0%. 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 SouthPark, Charlotte, 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 | 221 |
Total Units Section 8 | 198 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 61.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,260 | $1,820 |
| 2 Bedroom | $520 | $1,500 | $2,020 |
| 3 Bedroom | $120 | $2,370 | $2,490 |
| 4 Bedroom | $310 | $2,850 | $3,160 |
Affordability — SouthPark, Charlotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $556,000 |
| Median Household Income | $94,100 |