Mecklenburg County, North Carolina Housing Market
In Mecklenburg County, North Carolina, the median home value is $406,800, with a median monthly rent of $1,627. This places Mecklenburg County at #276 nationally out of 3134 counties by median home value, and #6 within North Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,776
- Establishments: 49,678
- BLS QCEW, 2025
Housing Supply
- Single-family: 3,747
- Multi-family: 3,749
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 454,109 (avg $122,647)
- Outflow: 442,398 (avg $124,190)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Mecklenburg County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 28134 | 321.9 | -3.30% | 2025 |
| 2 | 28207 | 280.7 | — | 2025 |
| 3 | 28278 | 253.4 | -6.71% | 2025 |
| 4 | 28031 | 320.1 | +7.90% | 2025 |
| 5 | 28204 | 411.2 | -4.38% | 2025 |
| 6 | 28270 | 320.3 | +6.12% | 2025 |
| 7 | 28226 | 328.4 | +3.80% | 2025 |
| 8 | 28209 | 436.8 | +4.90% | 2025 |
| 9 | 28277 | 294.4 | +0.34% | 2025 |
| 10 | 28205 | 460.9 | +3.20% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Mecklenburg County Compares
| Metric | Mecklenburg County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $406,800 | $235,312 | $227,706 |
| Median Gross Rent | $1,627 | $976 | $968 |
| Owner Occupancy Rate | 55.1% | 71.8% | 73.3% |
| Price/Rent Ratio | 20.8 | 19.8 | 18.7 |
Market Analysis
The median home value in Mecklenburg County is 72.9% above the North Carolina state average and 78.7% above the U.S. national average. The median rent of $1,627/month is 66.7% above the state average.
With a price-to-rent ratio of 20.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Mecklenburg County has an owner-occupancy rate of 55.1%, compared to 71.8% in North Carolina and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Dawson County | Georgia | $406,700 | $1,626 |
| Cobb County | Georgia | $407,200 | $1,730 |
| St. Mary's County | Maryland | $407,600 | $1,747 |
| Stillwater County | Montana | $405,800 | $961 |
| Benton County | Washington | $407,800 | $1,306 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Union County | $417,300 | $1,496 | 81.6% |
| Buncombe County | $391,800 | $1,362 | 66.2% |
| Durham County | $389,400 | $1,508 | 55.5% |
| New Hanover County | $387,800 | $1,417 | 61.4% |
| Currituck County | $378,800 | $1,162 | 87.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).