Cornelius 28031

Charlotte-Concord-Gastonia, NC-SC · Mecklenburg County, NC · 12,140 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

53affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
28.7%
stretched
Days on market
44
daily
Price cuts
26.6%
of active
Valuation
-17.4%
vs assessor
Look up an address
57
/100
Mixed
warming · balanced · prices rising year-over-year.
Price trend
55
Affordability
65
Valuation
50
Economic health
53

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

48/ 100SellerBalancedBuyer
Balanced Market
DOM: 76d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)25
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)75

Balanced market in 28031. List price is roughly fair — focus on condition and value. Payment burden: 28.7% of median income. Median days on market: 76. Renting is approximately 123% cheaper than buying (price-to-rent ratio: 26.7).

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
WARMINGBALANCED

Market is warming with rising prices. Conditions are balanced between buyers and sellers.

Address lookup$99 report path

Look Up an Address in 28031

Just type the street — we'll auto-scope the search to ZIP 28031.

Actions
Export, share, or compare this ZIP
Compare
Get alerts when this market changes

Market snapshoteach number, once

Median price
$547,663
▴ 1.1% YoY
Days on market
44
daily · zip_data
Median rent
$1,712
ZORI
Investor score
36/100
cash-flow lens
Active listings
247
90-day

Valuation3 lenses, different anchors

vs assessor
-17.4%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$452,500
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+79.8%
County-wide market — the widest, slowest signal.
Mecklenburg+79.8%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$673
Price-to-income4.7×

Unlock Vacancy Data

Available with Lotvox Pro — $29/mo.

Start free trial
How 28031 ranks in NC
percentile vs all North Carolina ZIPs · n=834
Market velocity75%
Supply tightness47%
Affordability37%
Investment yield25%
Appreciation43%

Affordability, supply & momentum

18SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply16.5 mo
Days on Market44d
Inv vs History+49.2%
Listing Density19.2/1k
Affordability — payment burden
Monthly payment (P&I)$2,766
Payment burden28.7%
Median income · ZIP$115,746
Mortgage rate6.49% · 30yr
Total monthly own$3,314
Monthly rent$1,712
Market dynamics
Price cut %26.6%
Momentumwarming
LeverageBALANCED
Months of supply16.5
Sales (90d)0
Investment analysis
Median rent$1,712
Price-to-rent26.7
Est. cap rate2.4%
Buy vs rentfavors renting

Livability

Walk score3
Transit score2
Bike score

Unlock Historical Trends

Available with Lotvox Pro — $29/mo.

Start free trial

Mecklenburg County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

Unlock County Economic Data

Available with Lotvox Pro — $29/mo.

Start free trial

Nearby ZIP codes