The story of this market
The typical home in ZIP 28031 sells for about $705,000, or $333 per square foot.
Prices are up +25.08% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,747 a month.
ZIP 28031 — Cornelius
The 28031 housing market remains robust with a median price of $705,000, reflecting strong demand for lake-adjacent properties. While inventory is tight, the market is showing signs of stabilization compared to the rapid appreciation seen in previous years. Buyers remain active, though price sensitivity is increasing as interest rates impact affordability.
This ZIP is ideal for families and professionals seeking a suburban lake-lifestyle with access to Charlotte, offering a mix of established neighborhoods and modern amenities.
Median prices moved up 25.1% year over year.
Homes spend a median of 44 days on market with 4.0 months of supply — a fast-moving market.
32% of listings have cut prices · homes sell at 98% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 5.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 28031, Mecklenburg County NC
Cornelius generally experiences lower crime rates compared to the broader Charlotte metropolitan area, with property crime being the most frequently reported concern.
The area is served by the Charlotte-Mecklenburg Schools district, which maintains a mix of highly-rated public schools, particularly in the elementary and middle levels.
The geography is primarily inland and faces standard regional risks, including occasional severe thunderstorms and high winds, with localized flood risks near Lake Norman shorelines.
Economic momentum is driven by its proximity to the Charlotte employment hub and the continued development of the Lake Norman waterfront, attracting both corporate professionals and retail expansion.
Property taxes are levied by Mecklenburg County and the Town of Cornelius, with additional special district taxes for fire and municipal services; there is no state-level property tax.
Residents primarily commute via I-77 toward Charlotte's central business district, with travel times heavily dependent on peak-hour congestion along the interstate corridor.
The area is anchored by Lake Norman, offering extensive boating, fishing, and waterfront parks, alongside numerous golf courses and the Birkdale Village shopping district.
The rental market shows moderate pressure with a median rent of $2,100; vacancy rates remain low due to the area's desirability for commuters and lake-lifestyle seekers.
The economy is heavily influenced by the Charlotte financial and professional services sector, with significant local employment in retail, hospitality, and healthcare.
Transportation is dominated by the I-77 corridor, with ongoing efforts to improve transit connectivity to Charlotte via express bus services.
Development is focused on infill projects and the revitalization of the downtown area to increase density and walkability.
Mecklenburg County conducts property revaluations periodically to ensure assessments align with current market values.
Parcels are subject to Mecklenburg County and Town of Cornelius tax levies, with specific fire and municipal service district assessments.
Property insurance premiums are influenced by regional weather patterns, with standard coverage for wind and hail being essential for homeowners.
Data retrieved from data.census.gov ZCTA-level tables.
- Great Wolf Lodge | Concord4.312.5 mi
- Frankie's of Charlotte4.57.7 mi
- Victory Lane Indoor Karting4.514.1 mi
- Ray’s Splash Planet4.416.3 mi
- Trackhouse Motorplex4.712.8 mi
- Bank of America Stadium4.617.2 mi
- Spectrum Center4.517.3 mi
- Charlotte Motor Speedway4.714.1 mi
- Truliant Amphitheater4.414.1 mi
- U.S. National Whitewater Center4.715.4 mi
- Great Wolf Lodge | Concord4.312.5 mi
- Frankie's of Charlotte4.57.7 mi
- SEA LIFE Charlotte-Concord4.211.6 mi
- AMC Concord Mills 244.311.5 mi
- Cinergy Dine-In Cinemas in Charlotte4.49.3 mi
- Optimist Hall4.716.8 mi
- NASCAR Hall of Fame4.717.5 mi
- Discovery Place Science4.517 mi
- Museum of Illusions Charlotte4.517.4 mi
- Billy Graham Library4.919.5 mi
- Birkdale Village4.62 mi
- Jetton Park4.80.7 mi
- Ramsey Creek Park4.40.8 mi
- Mazeppa Park4.612.4 mi
- Latta Nature Preserve4.88.2 mi
- Lake Norman Marina4.910 mi
- Safe Harbor Peninsula Yacht Club4.52.7 mi
- Safe Harbor Kings Point4.61 mi
- Stutts Marina4.84.9 mi
- Lake Norman Motel4.38.9 mi
- Skybrook Golf Club4.48.1 mi
- Sunset Hills Golf Course3.911.4 mi
- Tradition Golf Course4.210.5 mi
- Mooresville Golf Club4.57.6 mi
- Trump National Golf Club Charlotte4.44.5 mi
- Concord Mills4.411.7 mi
- Northlake Mall4.38.5 mi
- Birkdale Village4.62 mi
- Carrigan Farms4.411.1 mi
- Publix Super Market at Prosperity Village Square4.68.7 mi
- Charlotte Douglas International Airport3.918.1 mi
- Concord-Padgett Regional Airport4.411.7 mi
- The Club CLT3.317.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The largest man-made lake in North Carolina, serving as a primary recreational hub.
A major open-air retail and entertainment district serving the local community.
A prominent waterfront park featuring trails, picnic areas, and lake access.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).