East Charlotte, Mint Hill, NC—28227
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Charlotte, Mint Hill, NC
As of Oct '25, the median home price in East Charlotte, Mint Hill, NC is $384,000, with a year-over-year change of -1.4%. This indicates that home prices in East Charlotte, Mint Hill, 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 | $384,000 | -1.4% |
| Single Family | $389,000 | -1.3% |
| Condos | $188,000 | -2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $239,000 | -3.2% |
3 Bed | $342,000 | -2.0% |
4 Bed | $521,000 | 0.6% |
| 5 Bed | $686,000 | 1.5% |
% of Housing Stock
Rental Trends — East Charlotte, Mint Hill, NC
As of July '25, Rentcast reports the average rent in East Charlotte, Mint Hill, NC is $1,780, with a year-over-year rent change of -9.6%. Per bedroom, the median rent as of July '25 in East Charlotte, Mint Hill, NC is 1-bedrooms: $1,300, 2-bedrooms: $1,500, 3-bedrooms: $1,960, 4-bedrooms: $2,420. The most common rental property sizes in East Charlotte, Mint Hill, NC are 3-bedroom and 2-bedroom, accounting for 38.8% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,660 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,340 | $1,300 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,900 | $1,960 |
| 4 Bed Rent | $2,300 | $2,420 |
% of Rental Stock
Property Listings — East Charlotte, Mint Hill, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in East Charlotte, Mint Hill, NC is 51. This is a increase of 32.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $502,000 | 9.0% |
Listing Count | 234 | 15.0% |
| Listings as % of Homes | 0.9% | 15.0% |
Days on Market | 51 | 32.0% |
Demographics — East Charlotte, Mint Hill, NC
As of the latest ACS Survey released in 2023, East Charlotte, Mint Hill, NC has a population of 60,200, which has increased by 7.9% over the past 5 years. East Charlotte, Mint Hill, NC is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 29.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 60,200 | 7.9% |
% Under 18 | 22.9% | -0.9% |
% Seniors | 14.7% | 2.1% |
% WFH | 17.6% | 188.5% |
% w/ College Degree | 29.9% | -1.6% |
As of the latest ACS Survey released in 2023, East Charlotte, Mint Hill, NC is a predominantly white area, with 43.4% of the population identifying as white. The white population has shrunk by 11.1% in the last 5 years. The second most common race or ethnicity in East Charlotte, Mint Hill, NC is black, making up 29.4% of the population. Foreign-born residents account for 16.5% of the population in East Charlotte, Mint Hill, NC, and this percentage has increased by 9.3% 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 | 43.4% | -11.1% |
% Black | 29.4% | 2.8% |
% Hispanic | 19.4% | 17.6% |
% Asian | 4.7% | 62.1% |
% Foreign Born | 16.5% | 9.3% |
Mortgage and Risk — East Charlotte, Mint Hill, NC
According to HUD data as of 2023, there were 1259 mortgage originations in East Charlotte, Mint Hill, NC, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in East Charlotte, Mint Hill, NC. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,259 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — East Charlotte, Mint Hill, NC
As of 2024, the percent of homes in East Charlotte, Mint Hill, NC under the Section 8 program is 4.0%. 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 East Charlotte, Mint Hill, 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 | 267 |
Total Units Section 8 | 267 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 64.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,340 | $1,720 |
| 2 Bedroom | $400 | $1,500 | $1,900 |
| 3 Bedroom | $440 | $1,900 | $2,340 |
| 4 Bedroom | $670 | $2,300 | $2,970 |
Affordability — East Charlotte, Mint Hill, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $384,000 |
| Median Household Income | $75,300 |