Matthews, North Carolina.
Typical home $504,300 (-0.2% in a year), asking rent $1,736 (-0.2%). Charlotte-Concord-Gastonia, NC-SC metro.
to buy the typical home at today's mortgage rate — +$1,534 (+138%) since Jan 2020.
- 1 year
- Down $768 -0%
- $505,068$504,300 since Sep 2025
- 5 years
- Up $116,421 +30%
- $387,878$504,300 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Matthews$2,647
- North Carolina$1,743
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Matthews, NC fell 0.2% over the past year — slower than the nation's +1.2%.
Asking rents in Matthews, NC fell 0.2% over the past year — slower than the nation's +2.7%.
Owning the typical home in Matthews runs $1,749/mo more than renting one. The gap peaked at $1,772 in Jan 2025.
That is $3,485 a month against $1,736 rent: a $2,647 mortgage payment, plus $299 property tax and $540 insurance & upkeep.
Owning vs renting — Matthews
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,485
- Renting$1,736
- Mortgage only$2,647
Property tax · $299/mo 0.71% of value a year — the ACS 2020-2024 median bill over the median home value for Mecklenburg County, NC
Insurance & upkeep · $540/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Matthews, Mecklenburg County, North Carolina
Matthews is a town of 29,435 people in Mecklenburg County. Half its households earn more than $108,611 a year and half less, against $87,005 across Mecklenburg County; 4% of its people live below the poverty line. 64% of its homes are lived in by their owners and 36% are rented. Unemployment in Matthews was 3.5% in August 2026, and Mecklenburg County had 0.4% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Matthews is a town in Mecklenburg County where most homes are lived in by their owners, and household incomes run above the county's. Fewer residents live below the poverty line than you might expect, and a large share of adults hold a four-year degree. Typical home values and rents are on the higher side, and the commute is a moderate one for those who travel to work, while a fair number of residents work from home. Winters are cool, with January the coldest month and nights that dip to freezing, and summers are hot, with July the warmest. Rain and melted snow add up to a moderate amount over the year.
Work. Residents work mostly in schools, hospitals and social care, followed by professional and business services, banks, insurance and property, and shops. Within town, Presbyterian Hospital Matthews and the retirement communities at ACTS Retirement-Life Communities - Matthews Glen are among the largest workplaces. Unemployment is low and has edged down a little from a year earlier, and across Mecklenburg County the number of jobs grew slightly last year.
Things to do. Park Road Park and Freedom Park are both a short drive away, and Ovens Auditorium, a theatre, is close as well. For a bigger outing, Carowinds, an amusement park, and Charlotte Motor Speedway, a race track, are a longer drive away.
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- 11,864households
- 55%of adults have a degree
- 4%below the poverty line
- 25 mintypical commute
- 18%work from home
What residents work in
Employed residents by industry, from the Census survey. Mecklenburg County had 791,613 jobs in 2025, 0.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 53° and lows near 32°; warmest in July, with highs near 90° and lows near 69°. About 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Monroe Airport weather station, 9 miles away (NOAA).
Largest workplaces in Matthews
- Presbyterian Hospital MatthewsGeneral hospital831FTE
- Harris Teeter Supermarkets, Inc.Supermarkets and other grocery stores737
- ACTS Retirement-Life Communities - Matthews GlenContinuing care retirement communities470
- Erickson LivingCcrc430
- Family Dollar, LLC DC201General warehousing and storage356
- Anticimex CarolinasPest control services350
- Costco WholesaleWholesale grocer344
- TargetDiscount department stores211
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 28 workplaces with 20 or more staff, 5,678 people in all. Hospitals come from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingrelatively high in parts of MatthewsRelatively moderate
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Matthews’ census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Mecklenburg County and the Charlotte-Concord-Gastonia, NC-SC metro.
Matthews home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Matthews$504,300
- North Carolina$332,159
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Matthews listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Matthews29.80%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Matthews167
New listings per month
Sellers arriving at the market.
- Matthews49
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Matthews$475,153
- United States$371,407
Zip codes with a Matthews address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Matthews — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Matthews
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 28105 | Matthews | 46,817 | $1,674 | $483,056 |
| 28104 | Matthews | 36,641 | $2,292 | $588,024 |