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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 30,934, 11,260 total housing units (homes and apartments), and a median house value of $577,916, Matthews house prices are not only among the most expensive in North Carolina, Matthews real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Matthews, accounting for 63.19% of the town's housing units. Other types of housing that are prevalent in Matthews include large apartment complexes or high rise apartments ( 30.46%), row houses and other attached homes ( 2.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.55%).
The most prevalent building size and type in Matthews are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.82% owning and 35.18% renting.
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 ( 33.05%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.92%).
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 139.80% over the last ten years, which is an average annual home appreciation rate of 9.14%, putting Matthews in the top 10% 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.
Over the last year, Matthews appreciation rates have trailed the rest of the nation. In the last twelve months, Matthews's appreciation rate has been 5.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Matthews were at -0.14%, which equates to an annual appreciation rate of -0.54%.
Notably, Matthews's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Matthews's latest annual appreciation rate is lower than 80% 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.
$577,916
for North carolina
for nation
11,260
$2,865 / per month