Real Estate Investing in Matthews, North Carolina (28105)
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Should you buy in 28105 (Matthews, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Matthews, NC (28105)?
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Market Analysis: 28105 Matthews
ZIP 28105 in Matthews, NC carries a significant set of headwinds. Home values near $492K and rents of $1,696/mo sit inside a market where underwriting has to be tight.
The investment case in 28105 is resilient only for operators who understand what they are buying. A $492K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
From a cash-flow lens, 28105 offers a low basis, the region around Matthews has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 28105 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 28105 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Matthews:
Property Strategy for 28105
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $337,502 | $1,880 | 4.0% | +8.0% | $168,751 |
| 3BR | $408,116 | $2,320 | 4.1% | +8.9% | $136,039 |
| 4BR | $575,826 | $2,940 | 3.7% | +9.9% | $143,956 |
| 5BR | $746,229 | — | — | +9.7% | $149,246 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28105 Compare?
| Metric | 28105 | Matthews | North Carolina |
|---|---|---|---|
| Home Value | $492,371 | $546,383 | $330,565 |
| 5-Year CAGR | 6.3% | 6.2% | 7.8% |
| Avg Rent | $1,696 | $2,061 | - |
| Cap Rate | 2.7% | 2.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28105 (Matthews, NC). Anonymous, moderated, never written by AI.
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Property managers serving Mecklenburg County
Manage rentals here? List your business →Carolina Property Management, LLC provides property and vacation management services in Charlotte, focusing on building partnerships with owners. summary from their website
Community Association Management provides HOA management services in North Carolina and South Carolina. summary from their website
Cusick Community Management offers full-service HOA management and community association services for condos and townhomes in Charlotte, NC. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $492,371 |
| Monthly Rent | $1,696 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | -2.9% ▼ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +1.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 28105
Population: 45,922
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 28105
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Lansdowne Elementary
McKee Road Elementary
Providence High School
Telra Institute
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,346 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are landlord laws favorable in Matthews, NC?
Rental owners in Matthews, NC deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are tenants stable in Matthews, NC?
Working renters make up the core of the Matthews, NC tenant base. The pool is reasonable for investors targeting long-term holds.
What does house hacking look like in Matthews, NC?
For house hackers, Matthews, NC is a challenging. The $1,696/mo rent on a unit helps defray the mortgage on a $492K property.
What is the best play in Matthews, NC?
For Matthews, NC, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How expensive is real estate in Matthews, NC?
The median home value in Matthews, NC is roughly $492K. That puts it reasonable relative to the NC statewide average.
You know 28105 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 28105 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 28105 ranks in Charlotte-Concord-Gastonia, NC-SC
Every ZIP in this metro, ranked. Free.
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