Matthews, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Matthews Neighborhoods Since 2000




Matthews, NC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Matthews Housing Market Information

With 30,678 people, 11,127 houses or apartments, and a median cost of homes of $239,361, Matthews real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Matthews, accounting for 71.68% of the town's housing units. Other types of housing that are prevalent in Matthews include large apartment complexes or high rise apartments ( 19.80%), row houses and other attached homes ( 5.94%), and a few mobile homes or trailers ( 1.89%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Matthews. Owner-occupied housing accounts for 74.59% of Matthews's homes, and 65.97% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Matthews built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Matthews built between 2000 and later ( 23.29%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.08%).

Matthews Home Appreciation Rates

In the last 10 years, Matthews has experienced some of the highest home appreciation rates of any community in the nation. Matthews real estate appreciated 16.68% over the last ten years, which is an average annual home appreciation rate of 1.55%, putting Matthews in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Matthews definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Matthews that despite a nationwide downturn in the housing market, Matthews real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Matthews appreciation rates continue to be some of the highest in America, at 8.90%, which is higher than appreciation rates in 90.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Matthews. Matthews appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.

Importantly, this makes Matthews one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to North Carolina, our data show that Matthews's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Matthews differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Matthews - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Matthews real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$239,361

Matthews, NC HOME PRICES

Value Range
> $1,239,000 0.7
$929,001 - $1,239,000 0.4
$620,001 - $929,000 3.6
$496,001 - $620,000 5.4
$371,001 - $496,000 10.1
$248,001 - $371,000 36.7
$124,001 - $248,000 35.6
$62,001 - $124,000 5.0
$0 - $62,000 2.4

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
24.1825852572366 16.5154264972777

Number Of Homes And Apartments:
11,127

Matthews Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
43.57% 2.12% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,212 / per month

Homeownership Rate

Homeownership
Owners 74.59
Renters 25.41
Vacant 4.25

Housing Market Details

 

Age of Homes

AGE OF Matthews HOMES
2000 or Newer 23.3
1970 - 1999 68.7
1940 - 1969 7.1
1939 or Older 1.0

Types of Homes

TYPE OF Matthews HOMES
Single-Family 71.7
Townhomes 5.9
Small Apt. Buildings 0.7
Apt. Complexes 19.8
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Matthews HOMES
No Bedroom 0.30
1 Bedroom 8.29
2 Bedrooms 17.81
3 Bedrooms 33.91
4 Bedrooms 32.05
5 or more bedrooms 7.63