Lake Wylie, Charlotte, NC—28278
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Wylie, Charlotte, NC
As of Oct '25, the median home price in Lake Wylie, Charlotte, NC is $500,000, with a year-over-year change of -0.7%. This indicates that home prices in Lake Wylie, Charlotte, NC are flat. 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 | $500,000 | -0.7% |
| Single Family | $503,000 | -0.8% |
| Condos | $376,000 | -1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $396,000 | -2.2% |
3 Bed | $414,000 | -1.9% |
4 Bed | $522,000 | -0.6% |
| 5 Bed | $644,000 | 0.5% |
% of Housing Stock
Rental Trends — Lake Wylie, Charlotte, NC
As of July '25, Rentcast reports the average rent in Lake Wylie, Charlotte, NC is $2,260, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Lake Wylie, Charlotte, NC is studios: $1,310, 1-bedrooms: $1,410, 2-bedrooms: $1,910, 3-bedrooms: $2,260, 4-bedrooms: $2,580. The most common rental property sizes in Lake Wylie, Charlotte, NC are 2-bedroom and 1-bedroom, accounting for 29.2% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,270 | $2,260 |
| Studio Rent | $1,310 | $1,310 |
| 1 Bed Rent | $1,410 | $1,410 |
| 2 Bed Rent | $1,840 | $1,910 |
| 3 Bed Rent | $2,250 | $2,260 |
| 4 Bed Rent | $2,500 | $2,580 |
% of Rental Stock
Property Listings — Lake Wylie, Charlotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Wylie, Charlotte, NC is 64. This is a increase of 37.0% 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 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 | $600,000 | 2.0% |
Listing Count | 314 | 42.0% |
| Listings as % of Homes | 1.6% | 42.0% |
Days on Market | 64 | 37.0% |
Demographics — Lake Wylie, Charlotte, NC
As of the latest ACS Survey released in 2023, Lake Wylie, Charlotte, NC has a population of 36,400, which has increased by 33.5% over the past 5 years. Lake Wylie, Charlotte, NC is a popular place for families, as children make up 25.9% of the population. The area has a highly educated workforce, with 56.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,400 | 33.5% |
% Under 18 | 25.9% | -5.5% |
% Seniors | 10.8% | 28.6% |
% WFH | 26.8% | 211.6% |
% w/ College Degree | 56.6% | 25.8% |
As of the latest ACS Survey released in 2023, Lake Wylie, Charlotte, NC is a predominantly white area, with 37.6% of the population identifying as white. The white population has shrunk by 19.7% in the last 5 years. The second most common race or ethnicity in Lake Wylie, Charlotte, NC is black, making up 33.8% of the population. Foreign-born residents account for 16.0% of the population in Lake Wylie, Charlotte, NC, and this percentage has increased by 21.2% 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 | 37.6% | -19.7% |
% Black | 33.8% | 6.3% |
% Hispanic | 13.1% | 24.8% |
% Asian | 8.8% | 39.7% |
% Foreign Born | 16.0% | 21.2% |
Mortgage and Risk — Lake Wylie, Charlotte, NC
According to HUD data as of 2023, there were 391 mortgage originations in Lake Wylie, Charlotte, NC, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Lake Wylie, Charlotte, NC. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 391 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Lake Wylie, Charlotte, NC
As of 2024, the percent of homes in Lake Wylie, Charlotte, NC under the Section 8 program is 0.5%. 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 Lake Wylie, 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 | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 61.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $630 | $1,410 | $2,040 |
| 2 Bedroom | $420 | $1,840 | $2,260 |
| 3 Bedroom | $540 | $2,250 | $2,790 |
| 4 Bedroom | $1,030 | $2,500 | $3,530 |
Affordability — Lake Wylie, Charlotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $500,000 |
| Median Household Income | $121,000 |