University City North, Charlotte, NC—28262
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — University City North, Charlotte, NC
As of Oct '25, the median home price in University City North, Charlotte, NC is $344,000, with a year-over-year change of -2.2%. This indicates that home prices in University City North, 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 | $344,000 | -2.2% |
| Single Family | $354,000 | -1.9% |
| Condos | $234,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $249,000 | -2.4% |
3 Bed | $324,000 | -2.4% |
4 Bed | $387,000 | -2.0% |
| 5 Bed | $468,000 | -2.5% |
% of Housing Stock
Rental Trends — University City North, Charlotte, NC
As of July '25, Rentcast reports the average rent in University City North, Charlotte, NC is $1,680, with a year-over-year rent change of -15.2%. Per bedroom, the median rent as of July '25 in University City North, Charlotte, NC is studios: $1,390, 1-bedrooms: $1,260, 2-bedrooms: $1,570, 3-bedrooms: $1,990, 4-bedrooms: $2,280. The most common rental property sizes in University City North, Charlotte, NC are 2-bedroom and 1-bedroom, accounting for 41.1% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,680 |
| Studio Rent | $1,350 | $1,390 |
| 1 Bed Rent | $1,250 | $1,260 |
| 2 Bed Rent | $1,520 | $1,570 |
| 3 Bed Rent | $1,950 | $1,990 |
| 4 Bed Rent | $2,260 | $2,280 |
% of Rental Stock
Property Listings — University City North, Charlotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in University City North, Charlotte, NC is 68. This is a increase of 52.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | -8.0% |
Listing Count | 116 | -18.0% |
| Listings as % of Homes | 0.4% | -18.0% |
Days on Market | 68 | 52.0% |
Demographics — University City North, Charlotte, NC
As of the latest ACS Survey released in 2023, University City North, Charlotte, NC has a population of 45,900, which has increased by 6.6% over the past 5 years. University City North, Charlotte, NC is a moderately popular place for families, as children make up 19.9% of the population. The area has a highly educated workforce, with 46.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 42.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,900 | 6.6% |
% Under 18 | 19.9% | 19.9% |
% Seniors | 7.4% | 34.5% |
% WFH | 42.1% | 638.6% |
% w/ College Degree | 46.6% | -3.3% |
As of the latest ACS Survey released in 2023, University City North, Charlotte, NC is a predominantly black area, with 48.9% of the population identifying as black. The black population has grown by 8.2% in the last 5 years. The second most common race or ethnicity in University City North, Charlotte, NC is white, making up 25.6% of the population. Foreign-born residents account for 21.3% of the population in University City North, Charlotte, NC, and this percentage has increased by 6.0% 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 | 25.6% | -17.4% |
% Black | 48.9% | 8.2% |
% Hispanic | 8.5% | 7.6% |
% Asian | 13.6% | 15.3% |
% Foreign Born | 21.3% | 6.0% |
Mortgage and Risk — University City North, Charlotte, NC
According to HUD data as of 2023, there were 209 mortgage originations in University City North, Charlotte, NC, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in University City North, Charlotte, NC. Investor activity is low, as 6.0% 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 | 209 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — University City North, Charlotte, NC
As of 2024, the percent of homes in University City North, Charlotte, NC under the Section 8 program is 1.1%. 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 North, 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 | 175 |
Total Units Section 8 | 173 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 61.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $640 | $1,250 | $1,890 |
| 2 Bedroom | $570 | $1,520 | $2,090 |
| 3 Bedroom | $630 | $1,950 | $2,580 |
| 4 Bedroom | $1,010 | $2,260 | $3,270 |
Affordability — University City North, Charlotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $344,000 |
| Median Household Income | $66,800 |