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Steele Creek, Charlotte, NC—28273

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$369,000
1.8% YoY Growth
Household Income
$84,700
33.1% YoY Growth
Days on Market
57
2.0% Longer YoY
Home Price Forecast
1.8%
Median Rent
$1,660
17.3% YoY Growth
1-Bed Rent
$1,290
10.3% YoY Growth
2-Bed Rent
$1,640
7.9% YoY Growth
3-Bed Rent
$2,080
0.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Steele Creek, Charlotte, NC

As of Dec '25, the median home price in Steele Creek, Charlotte, NC is $369,000, 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 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$369,000-1.8%
Single Family $372,000-1.8%
Condos $270,000-1.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$256,000-4.5%
    3 Bed
    		$352,000-1.9%
    4 Bed
    		$428,000-1.6%
    5 Bed $527,341-0.7%
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    12.2%
    2 Bedrooms
    30.3%
    3 Bedrooms
    33.9%
    4 Bedrooms
    15.9%
    5+ Bedrooms
    6.8%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    1.4%
    1 Bedroom
    23.6%
    2 Bedrooms
    49.2%
    3 Bedrooms
    16.9%
    4 Bedrooms
    6.7%
    5+ Bedrooms
    2.3%

    Property Listings — Steele Creek, Charlotte, NC

    As of Dec '25, Realtor.com reports that the median days on market for a home in Steele Creek, Charlotte, NC is 47. This is a increase of 12.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$374,000-1.0%
    Listing Count
    		11023.0%
    Listings as % of Homes0.6%23.0%
    Days on Market
    		572.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		49,10024.5%
    % Under 18
    		24.5%-1.2%
    % Seniors
    		8.4%12.0%
    % WFH
    		17.4%248.0%
    % w/ College Degree
    		39.1%8.9%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.3
    Median Home Price$369,000
    Median Household Income$84,700

    Steele Creek, Charlotte, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    28217

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    28278

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    28134

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    29708

    SouthPark, Charlotte, NC

    28210

    Frequently Asked Questions