Steele Creek, Charlotte, NC—28273
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Steele Creek, Charlotte, NC
As of Oct '25, the median home price in Steele Creek, Charlotte, NC is $372,000, with a year-over-year change of -1.8%. This indicates that home prices in Steele Creek, Charlotte, NC are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $372,000 | -1.8% |
| Single Family | $374,000 | -1.8% |
| Condos | $272,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | -4.1% |
3 Bed | $354,000 | -1.9% |
4 Bed | $432,000 | -1.4% |
| 5 Bed | $532,000 | -0.6% |
% of Housing Stock
Rental Trends — Steele Creek, Charlotte, NC
As of July '25, Rentcast reports the average rent in Steele Creek, Charlotte, NC is $1,720, with a year-over-year rent change of -17.3%. Per bedroom, the median rent as of July '25 in Steele Creek, Charlotte, NC is studios: $1,180, 1-bedrooms: $1,290, 2-bedrooms: $1,640, 3-bedrooms: $2,070, 4-bedrooms: $2,420. The most common rental property sizes in Steele Creek, Charlotte, NC are 2-bedroom and 1-bedroom, accounting for 49.2% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,660 | $1,720 |
| Studio Rent | $1,140 | $1,180 |
| 1 Bed Rent | $1,290 | $1,290 |
| 2 Bed Rent | $1,640 | $1,640 |
| 3 Bed Rent | $2,080 | $2,070 |
| 4 Bed Rent | $2,470 | $2,420 |
% of Rental Stock
Property Listings — Steele Creek, Charlotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Steele Creek, Charlotte, NC is 39. This is a increase of 27.0% 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 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 | $392,000 | -1.0% |
Listing Count | 127 | 16.0% |
| Listings as % of Homes | 0.6% | 16.0% |
Days on Market | 39 | 27.0% |
Demographics — Steele Creek, Charlotte, NC
As of the latest ACS Survey released in 2023, Steele Creek, Charlotte, NC has a population of 49,100, which has increased by 24.5% over the past 5 years. Steele Creek, Charlotte, NC is a moderately popular place for families, as children make up 24.5% of the population. The area has a moderately educated workforce, with 39.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,100 | 24.5% |
% Under 18 | 24.5% | -1.2% |
% Seniors | 8.4% | 12.0% |
% WFH | 17.4% | 248.0% |
% w/ College Degree | 39.1% | 8.9% |
As of the latest ACS Survey released in 2023, Steele Creek, Charlotte, NC is a predominantly black area, with 41.8% of the population identifying as black. The black population has grown by 17.7% in the last 5 years. The second most common race or ethnicity in Steele Creek, Charlotte, NC is hispanic, making up 23.9% of the population. Foreign-born residents account for 22.1% of the population in Steele Creek, Charlotte, NC, and this percentage has decreased by 3.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 23.1% | -23.3% |
% Black | 41.8% | 17.7% |
% Hispanic | 23.9% | -3.2% |
% Asian | 6.4% | -22.0% |
% Foreign Born | 22.1% | -3.9% |
Mortgage and Risk — Steele Creek, Charlotte, NC
According to HUD data as of 2023, there were 320 mortgage originations in Steele Creek, Charlotte, NC, of which 85.0% 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 Steele Creek, Charlotte, NC. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 320 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Steele Creek, Charlotte, NC
As of 2024, the percent of homes in Steele Creek, Charlotte, NC under the Section 8 program is 3.2%. 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 Steele Creek, 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 | 280 |
Total Units Section 8 | 264 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 61.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $720 | $1,290 | $2,010 |
| 2 Bedroom | $590 | $1,640 | $2,230 |
| 3 Bedroom | $670 | $2,080 | $2,750 |
| 4 Bedroom | $1,020 | $2,470 | $3,490 |
Affordability — Steele Creek, Charlotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $372,000 |
| Median Household Income | $84,700 |