Lake Park 28079

Charlotte-Concord-Gastonia, NC-SC · Union County, NC · 626 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

55affordability /100

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

Payment burden
27.2%
affordable
Days on market
70
daily
Price cuts
23.4%
of active
Valuation
-29.9%
vs assessor
Look up an address
60
/100
Stable
stable · balanced · prices easing year-over-year.
Price trend
42
Affordability
85
Valuation
50
Economic health
55

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

55/ 100SellerBalancedBuyer
Balanced Market
DOM: 83d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)25
Valuation Gap (25%)60
Supply & Demand (20%)100
Buy vs Rent (15%)50
Cancellation Rate (10%)25
Days on Market (5%)75

Balanced market in 28079. List price is roughly fair — focus on condition and value. Payment burden: 27.2% of median income. Median days on market: 83. Renting is approximately 47% cheaper than buying (price-to-rent ratio: 17.7).

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

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers. Prices down 1.8% YoY.

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Market snapshoteach number, once

Median price
$438,171
▾ 1.8% YoY
Days on market
70
daily · zip_data
Median rent
$2,058
ZORI
Investor score
56/100
cash-flow lens
Active listings
221
90-day

Valuation3 lenses, different anchors

vs assessor
-29.9%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$306,950
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$198
Price-to-income4.5×

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How 28079 ranks in NC
percentile vs all North Carolina ZIPs · n=834
Market velocity44%
Supply tightness40%
Affordability45%
Investment yield63%
Appreciation12%

Affordability, supply & momentum

20SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply14.4 mo
Days on Market70d
Inv vs History+4.1%
Listing Density16.2/1k
Affordability — payment burden
Monthly payment (P&I)$2,213
Payment burden27.2%
Median income · ZIP$97,602
Mortgage rate6.49% · 30yr
Total monthly own$2,651
Monthly rent$2,058
Market dynamics
Price cut %23.4%
Momentumstable
LeverageBALANCED
Months of supply14.4
Sales (90d)0
Investment analysis
Median rent$2,058
Price-to-rent17.7
Est. cap rate3.7%
Buy vs rentneutral

Livability

Walk score1
Transit score
Bike score

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Union County contextmacro · jobs · debt · migration

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

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