Hickory Grove, Charlotte, NC—28215
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hickory Grove, Charlotte, NC
As of Oct '25, the median home price in Hickory Grove, Charlotte, NC is $347,000, with a year-over-year change of -1.9%. This indicates that home prices in Hickory Grove, Charlotte, NC are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | -1.9% |
| Single Family | $351,000 | -1.7% |
| Condos | $164,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $217,000 | -4.4% |
3 Bed | $331,000 | -2.1% |
4 Bed | $403,000 | -1.0% |
| 5 Bed | $489,000 | -1.0% |
% of Housing Stock
Rental Trends — Hickory Grove, Charlotte, NC
As of July '25, Rentcast reports the average rent in Hickory Grove, Charlotte, NC is $1,820, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Hickory Grove, Charlotte, NC is studios: $1,170, 1-bedrooms: $1,080, 2-bedrooms: $1,430, 3-bedrooms: $1,980, 4-bedrooms: $2,300. The most common rental property sizes in Hickory Grove, Charlotte, NC are 3-bedroom and 2-bedroom, accounting for 36.8% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $1,820 |
| Studio Rent | $950 | $1,170 |
| 1 Bed Rent | $1,070 | $1,080 |
| 2 Bed Rent | $1,400 | $1,430 |
| 3 Bed Rent | $1,950 | $1,980 |
| 4 Bed Rent | $2,290 | $2,300 |
% of Rental Stock
Property Listings — Hickory Grove, Charlotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Hickory Grove, Charlotte, NC is 50. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $402,000 | 2.0% |
Listing Count | 373 | 14.0% |
| Listings as % of Homes | 1.0% | 14.0% |
Days on Market | 50 | 1.0% |
Demographics — Hickory Grove, Charlotte, NC
As of the latest ACS Survey released in 2023, Hickory Grove, Charlotte, NC has a population of 65,800, which has increased by 5.2% over the past 5 years. Hickory Grove, Charlotte, NC is a popular place for families, as children make up 27.5% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 65,800 | 5.2% |
% Under 18 | 27.5% | -7.4% |
% Seniors | 10.8% | 12.5% |
% WFH | 22.6% | 413.6% |
% w/ College Degree | 30.5% | 7.0% |
As of the latest ACS Survey released in 2023, Hickory Grove, Charlotte, NC is a predominantly black area, with 50.2% of the population identifying as black. The black population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Hickory Grove, Charlotte, NC is hispanic, making up 22.6% of the population. Foreign-born residents account for 19.2% of the population in Hickory Grove, Charlotte, NC, and this percentage has increased by 19.3% 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 | 21.1% | -11.7% |
% Black | 50.2% | -2.1% |
% Hispanic | 22.6% | 13.6% |
% Asian | 2.7% | -18.2% |
% Foreign Born | 19.2% | 19.3% |
Mortgage and Risk — Hickory Grove, Charlotte, NC
According to HUD data as of 2023, there were 1017 mortgage originations in Hickory Grove, Charlotte, NC, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Hickory Grove, Charlotte, NC. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,017 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Hickory Grove, Charlotte, NC
As of 2024, the percent of homes in Hickory Grove, 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. In Hickory Grove, 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 | 750 |
Total Units Section 8 | 731 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 72.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,070 | $1,570 |
| 2 Bedroom | $340 | $1,400 | $1,740 |
| 3 Bedroom | $200 | $1,950 | $2,150 |
| 4 Bedroom | $430 | $2,290 | $2,720 |
Affordability — Hickory Grove, Charlotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $347,000 |
| Median Household Income | $66,100 |