Mint Hill, North Carolina Housing Market Prices
Mint Hill Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 27% above the North Carolina median$352,520
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Median rent 23% above the North Carolina median$1,507
Housing Market Overview
| Metric | Mint Hill | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $352,520 | $278,288 | $248,835 |
| Price Trend (Annual %) | 11.8% | 9.3% | 7.5% |
| Median Gross Rent | $1,507 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mint Hill is about 27% higher than in North Carolina. Rent is about 23% higher than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Mint Hill, up about 11.8% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Mint Hill rose about 47.2% between 2015 and 2024, from $1,024 to $1,507. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Mint Hill.
Buying the median-priced home in Mint Hill costs roughly 19.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mint Hill. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Mint Hill | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $352,520 | $278,288 | $248,835 |
| Median Household Income | $97,851 | $72,438 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mint Hill rose about 106.3%, while median household income rose about 38.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mint Hill | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.9% | 58.3% | 58.5% |
| Rental Rate | 15.3% | 29.2% | 31.2% |
| Vacancy Rate | 5.7% | 12.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Mint Hill has a homeownership rate of 78.9%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 5.7%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Mint Hill | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.65 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1994 | 1989 | 1978 |
| Median Number of Rooms | 6.8 | 5.6 | 5.5 |
The typical housing unit in Mint Hill was built around 1994. On average, 2.6 people live in a home with about 6.8 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mint Hill, North Carolina.
What is the median home price in Mint Hill, North Carolina?
The median home price in Mint Hill, North Carolina is $352,520, higher than the North Carolina average of $278,288.
What is the average home price in Mint Hill, North Carolina?
The typical home price in Mint Hill, North Carolina, reported as the median sale price, is $352,520. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Mint Hill, North Carolina?
The median gross rent in Mint Hill, North Carolina is $1,507 per month, higher than the North Carolina average of $1,227.
What was the median gross rent in Mint Hill in 2020?
In 2020, the median gross rent in Mint Hill, North Carolina was $1,115 per month.
What is the price-to-rent ratio in Mint Hill, North Carolina?
The price-to-rent ratio in Mint Hill, North Carolina is about 19.5, meaning it would take roughly 19.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mint Hill.
Are home prices or rent rising faster in Mint Hill, North Carolina?
Both home prices and rent are rising in Mint Hill, up about 11.8% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mint Hill, North Carolina?
78.9% of households in Mint Hill, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Mint Hill, North Carolina?
The housing vacancy rate in Mint Hill, North Carolina is 5.7%, lower than the North Carolina average of 12.5%.
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