Ballantyne, Charlotte, NC—28226
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Ballantyne, Charlotte, NC
Home Price Trends — Ballantyne, Charlotte, NC
As of Oct '25, the median home price in Ballantyne, Charlotte, NC is $659,000, with a year-over-year change of 1.8%. This indicates that home prices in Ballantyne, Charlotte, NC are increasing. 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 | $659,000 | 1.8% |
| Single Family | $696,000 | 2.1% |
| Condos | $241,000 | -1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $165,000 | -5.7% |
2 Bed | $259,000 | -1.5% |
3 Bed | $500,000 | 1.2% |
4 Bed | $843,000 | 2.9% |
| 5 Bed | $1,365,000 | 4.2% |
% of Housing Stock
Rental Trends — Ballantyne, Charlotte, NC
As of July '25, Rentcast reports the average rent in Ballantyne, Charlotte, NC is $1,900, with a year-over-year rent change of -23.7%. Per bedroom, the median rent as of July '25 in Ballantyne, Charlotte, NC is studios: $2,280, 1-bedrooms: $1,350, 2-bedrooms: $1,610, 3-bedrooms: $2,520, 4-bedrooms: $3,750. The most common rental property sizes in Ballantyne, Charlotte, NC are 2-bedroom and 1-bedroom, accounting for 36.9% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,900 |
| Studio Rent | $1,860 | $2,280 |
| 1 Bed Rent | $1,330 | $1,350 |
| 2 Bed Rent | $1,550 | $1,610 |
| 3 Bed Rent | $2,220 | $2,520 |
| 4 Bed Rent | $3,200 | $3,750 |
% of Rental Stock
Property Listings — Ballantyne, Charlotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Ballantyne, Charlotte, NC is 60. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $590,000 | -6.0% |
Listing Count | 197 | 7.0% |
| Listings as % of Homes | 0.8% | 7.0% |
Days on Market | 60 | -2.0% |
Demographics — Ballantyne, Charlotte, NC
As of the latest ACS Survey released in 2023, Ballantyne, Charlotte, NC has a population of 39,000, which has decreased by -1.6% over the past 5 years. Ballantyne, Charlotte, NC is a moderately popular place for families, as children make up 23.8% of the population. The area has a highly educated workforce, with 62.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,000 | -1.6% |
% Under 18 | 23.8% | 6.2% |
% Seniors | 18.1% | 9.7% |
% WFH | 28.5% | 174.0% |
% w/ College Degree | 62.1% | 1.1% |
As of the latest ACS Survey released in 2023, Ballantyne, Charlotte, NC is a predominantly white area, with 71.9% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Ballantyne, Charlotte, NC is hispanic, making up 13.1% of the population. Foreign-born residents account for 13.4% of the population in Ballantyne, Charlotte, NC, and this percentage has increased by 19.6% 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 | 71.9% | -7.7% |
% Black | 8.1% | -4.7% |
% Hispanic | 13.1% | 101.5% |
% Asian | 3.3% | -37.7% |
% Foreign Born | 13.4% | 19.6% |
Mortgage and Risk — Ballantyne, Charlotte, NC
According to HUD data as of 2023, there were 730 mortgage originations in Ballantyne, Charlotte, NC, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Ballantyne, Charlotte, NC. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 730 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Ballantyne, Charlotte, NC
As of 2024, the percent of homes in Ballantyne, Charlotte, NC under the Section 8 program is 2.7%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Ballantyne, Charlotte, NC, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 174 |
Total Units Section 8 | 157 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,330 | $1,720 |
| 2 Bedroom | $350 | $1,550 | $1,900 |
| 3 Bedroom | $120 | $2,220 | $2,340 |
| 4 Bedroom | -$230 | $3,200 | $2,970 |
Affordability — Ballantyne, Charlotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $659,000 |
| Median Household Income | $113,000 |