Ballantyne, Charlotte, NC—28277
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Ballantyne, Charlotte, NC
Home Price Trends — Ballantyne, Charlotte, NC
As of Oct '25, the median home price in Ballantyne, Charlotte, NC is $604,000, with a year-over-year change of 1.6%. This indicates that home prices in Ballantyne, Charlotte, NC are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $604,000 | 1.6% |
| Single Family | $634,000 | 1.6% |
| Condos | $363,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $337,000 | -0.6% |
3 Bed | $478,000 | 0.4% |
4 Bed | $737,000 | 2.4% |
| 5 Bed | $969,000 | 0.6% |
% of Housing Stock
Rental Trends — Ballantyne, Charlotte, NC
As of July '25, Rentcast reports the average rent in Ballantyne, Charlotte, NC is $2,030, with a year-over-year rent change of -19.1%. Per bedroom, the median rent as of July '25 in Ballantyne, Charlotte, NC is studios: $1,430, 1-bedrooms: $1,520, 2-bedrooms: $1,940, 3-bedrooms: $2,490, 4-bedrooms: $3,090. The most common rental property sizes in Ballantyne, Charlotte, NC are 2-bedroom and 1-bedroom, accounting for 38.7% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,860 | $2,030 |
| Studio Rent | $1,420 | $1,430 |
| 1 Bed Rent | $1,470 | $1,520 |
| 2 Bed Rent | $1,900 | $1,940 |
| 3 Bed Rent | $2,300 | $2,490 |
| 4 Bed Rent | $2,900 | $3,090 |
% of Rental Stock
Property Listings — Ballantyne, Charlotte, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Ballantyne, Charlotte, NC is 51. This is a increase of 42.0% 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 32.0%, 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 | -5.0% |
Listing Count | 297 | 45.0% |
| Listings as % of Homes | 0.4% | 45.0% |
Days on Market | 51 | 42.0% |
Demographics — Ballantyne, Charlotte, NC
As of the latest ACS Survey released in 2023, Ballantyne, Charlotte, NC has a population of 72,400, which has increased by 1.1% over the past 5 years. Ballantyne, Charlotte, NC is a popular place for families, as children make up 26.0% of the population. The area has a highly educated workforce, with 67.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 72,400 | 1.1% |
% Under 18 | 26.0% | -3.0% |
% Seniors | 12.9% | 20.6% |
% WFH | 30.4% | 171.4% |
% w/ College Degree | 67.0% | 1.8% |
As of the latest ACS Survey released in 2023, Ballantyne, Charlotte, NC is a predominantly white area, with 60.5% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Ballantyne, Charlotte, NC is asian, making up 16.1% of the population. Foreign-born residents account for 22.1% of the population in Ballantyne, Charlotte, NC, and this percentage has increased by 12.8% 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 | 60.5% | -8.5% |
% Black | 9.0% | 1.1% |
% Hispanic | 8.1% | 12.5% |
% Asian | 16.1% | 9.5% |
% Foreign Born | 22.1% | 12.8% |
Mortgage and Risk — Ballantyne, Charlotte, NC
According to HUD data as of 2023, there were 311 mortgage originations in Ballantyne, Charlotte, NC, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Ballantyne, Charlotte, NC. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 311 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Ballantyne, Charlotte, NC
As of 2024, the percent of homes in Ballantyne, Charlotte, NC under the Section 8 program is 0.1%. 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 Ballantyne, 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 | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | 61.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $780 | $1,470 | $2,250 |
| 2 Bedroom | $590 | $1,900 | $2,490 |
| 3 Bedroom | $770 | $2,300 | $3,070 |
| 4 Bedroom | $990 | $2,900 | $3,890 |
Affordability — Ballantyne, Charlotte, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $604,000 |
| Median Household Income | $122,000 |