University City, Charlotte, NC—28213
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — University City, Charlotte, NC
As of Oct '25, the median home price in University City, Charlotte, NC is $322,000, with a year-over-year change of -3.4%. This indicates that home prices in University City, Charlotte, NC are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $322,000 | -3.4% |
| Single Family | $334,000 | -3.2% |
| Condos | $168,000 | -6.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $131,000 | -7.7% |
2 Bed | $227,000 | -3.8% |
3 Bed | $308,000 | -3.7% |
4 Bed | $395,000 | -2.5% |
| 5 Bed | $460,000 | -2.7% |
% of Housing Stock
Rental Trends — University City, Charlotte, NC
As of July '25, Rentcast reports the average rent in University City, Charlotte, NC is $1,670, with a year-over-year rent change of -11.2%. Per bedroom, the median rent as of July '25 in University City, Charlotte, NC is studios: $1,350, 1-bedrooms: $1,190, 2-bedrooms: $1,500, 3-bedrooms: $1,960, 4-bedrooms: $2,310. The most common rental property sizes in University City, Charlotte, NC are 2-bedroom and 3-bedroom, accounting for 37.9% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,570 | $1,670 |
| Studio Rent | $1,170 | $1,350 |
| 1 Bed Rent | $1,220 | $1,190 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,990 | $1,960 |
| 4 Bed Rent | $2,260 | $2,310 |
% of Rental Stock
Property Listings — University City, Charlotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in University City, Charlotte, NC is 75. This is a increase of 41.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -7.0% |
Listing Count | 175 | 26.0% |
| Listings as % of Homes | 0.5% | 26.0% |
Days on Market | 75 | 41.0% |
Demographics — University City, Charlotte, NC
As of the latest ACS Survey released in 2023, University City, Charlotte, NC has a population of 45,700, which has increased by 12.2% over the past 5 years. University City, Charlotte, NC is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 34.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,700 | 12.2% |
% Under 18 | 22.7% | -0.9% |
% Seniors | 7.8% | -2.5% |
% WFH | 27.2% | 318.5% |
% w/ College Degree | 34.4% | 15.8% |
As of the latest ACS Survey released in 2023, University City, Charlotte, NC is a predominantly black area, with 48.6% of the population identifying as black. The black population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in University City, Charlotte, NC is hispanic, making up 26.7% of the population. Foreign-born residents account for 22.1% of the population in University City, Charlotte, NC, and this percentage has increased by 12.8% 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 | 18.2% | -9.0% |
% Black | 48.6% | -6.5% |
% Hispanic | 26.7% | 23.6% |
% Asian | 3.7% | -15.9% |
% Foreign Born | 22.1% | 12.8% |
Mortgage and Risk — University City, Charlotte, NC
According to HUD data as of 2023, there were 510 mortgage originations in University City, Charlotte, NC, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in University City, Charlotte, NC. Investor activity is low, as 4.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 510 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — University City, Charlotte, NC
As of 2024, the percent of homes in University City, Charlotte, NC under the Section 8 program is 3.8%. 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 University City, 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 | 428 |
Total Units Section 8 | 427 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 61.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,220 | $1,500 |
| 2 Bedroom | $160 | $1,500 | $1,660 |
| 3 Bedroom | $60 | $1,990 | $2,050 |
| 4 Bedroom | $340 | $2,260 | $2,600 |
Affordability — University City, Charlotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $322,000 |
| Median Household Income | $55,600 |