Welcome to our 28227 real estate data hub, tailored for investors in Mint Hill, NC. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 28227 in Mint Hill, NC. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MECKLENBURG COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Mint Hill, NC real estate investing. Uncover the wealth of information available, and position yourself for success in the Mint Hill property market.
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Location Overview
- Zip Code: 28227
- City: Mint Hill
- State: NC
- Metro Area: Charlotte-Concord-Gastonia, NC-SC
- County Name: MECKLENBURG COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $356,234
- Average Home Price (Single Family Homes): $361,725
- Average Monthly Rental Price (All Types): $1,807
- Price-to-Rent Ratio: 16
- Zillow Projected % appreciation from 4/2023-4/2024: 2.5%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,370
- Average 3 Bedroom Section 8 Rental Rates: $1,740
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 21.67
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.06
- Number of Units Offered in Section 8 in the County: 1820
- Number of Occupied Units in Section 8 in the County: 1732
- Percentage of Section 8 Units Occupied in the County: 95.19999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 240.83
- Total % Appreciation since 2000 (Government Data): 147.33
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.49%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.48%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.22%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 65.87%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 168.08%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 108.78%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 131.81%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.26%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 10.21%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 39.26%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 54.52%