The story of this market
The typical home in ZIP 28227 sells for about $515,000, or $235 per square foot.
Prices are up +15% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,453 a month.
ZIP 28227 — Charlotte
The 28227 housing market shows resilience with a median price of $515,000 and a competitive environment driven by low inventory. While price growth has moderated compared to previous years, demand remains steady for suburban family homes. Some specific metrics like months of supply were not available at the ZIP level and were omitted.
This ZIP is well-suited for family buyers and commuters seeking a balance between suburban space and access to Charlotte's urban amenities, as well as investors targeting the growing rental demand in the Mint Hill and East Charlotte periphery.
Median prices moved up 15.0% year over year.
Homes spend a median of 58 days on market with 0.9 months of supply — a fast-moving market.
23% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 10.4% — 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 12.0%/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 9.9%/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 28227
Schools serving the area are part of the Charlotte-Mecklenburg school system, which generally maintains a moderate performance rating.
The area is subject to standard regional climate risks including summer storms and occasional high winds; flood risk varies by specific parcel proximity to local creeks.
The area benefits from proximity to Charlotte's employment hubs and ongoing suburban expansion in Mint Hill, with significant new residential construction activity.
Property taxes are assessed by Mecklenburg and Union counties based on local millage rates, with additional municipal taxes applicable depending on whether the property is within Charlotte or Mint Hill city limits.
Residents primarily commute via I-485 and Independence Boulevard (US-74) to reach the Charlotte employment core, with commute times varying significantly based on peak-hour traffic.
The area features access to local parks such as Mint Hill Veterans Memorial Park and various community green spaces, with proximity to regional shopping centers along the Albemarle Road corridor.
The rental market is characterized by steady demand driven by suburban growth, with a mix of single-family rentals and apartment communities; vacancy rates remain low.
The local economy is anchored by the broader Charlotte metro area, with strong representation in finance, healthcare, and logistics sectors.
Ongoing residential development is concentrated in the Mint Hill border areas, with continued infrastructure improvements to support suburban growth.
Parcels are subject to Mecklenburg or Union County tax districts and Charlotte-Mecklenburg or Union County school districts.
Property insurance premiums are influenced by regional weather patterns, with standard coverage requirements for wind and hail.
Data retrieved from Census Reporter and ACS 5-year tables.
- Carowinds4.417.1 mi
- Great Wolf Lodge | Concord4.312.8 mi
- Frankie's of Charlotte4.516.3 mi
- Activate Games4.95.4 mi
- Ray’s Splash Planet4.411.7 mi
- Bank of America Stadium4.611.6 mi
- Spectrum Center4.510.8 mi
- Charlotte Motor Speedway4.711.9 mi
- Truliant Amphitheater4.410.5 mi
- NASCAR Hall of Fame4.711 mi
- Great Wolf Lodge | Concord4.312.8 mi
- NASCAR Hall of Fame4.711 mi
- Discovery Place Science4.511 mi
- Freedom Park4.810.7 mi
- Regal Stonecrest at Piper Glen4.412.4 mi
- Optimist Hall4.710.4 mi
- NASCAR Hall of Fame4.711 mi
- Discovery Place Science4.511 mi
- Museum of Illusions Charlotte4.511.3 mi
- Billy Graham Library4.914.4 mi
- Freedom Park4.810.7 mi
- Frank Liske Park4.812.5 mi
- Romare Bearden Park4.611.3 mi
- Reedy Creek Nature Preserve4.86.5 mi
- McAlpine Creek Park4.75.3 mi
- Topgolf Charlotte - University4.39.7 mi
- Puttery4.411.9 mi
- Tipsy Pickle4.810.9 mi
- Rocky River Golf Club At Concord4.312.6 mi
- Charles T Myers Golf Course3.83.3 mi
- SouthPark4.510.2 mi
- Camp North End4.611 mi
- Publix Super Market at Shops at Southline4.511.8 mi
- Super G Mart Charlotte4.44.9 mi
- Patel Brothers4.39.5 mi
- Charlotte Douglas International Airport3.917 mi
- Concord-Padgett Regional Airport4.414.1 mi
- The Club CLT3.316.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features sports fields, walking trails, and community event spaces.
Major commercial corridor providing extensive dining and retail options.
Key-figure check: median price corroborated by the published ten-year series (2026) (within 12.5%).