Market Overview
Home Prices in Matthews, NC
The median home value in Matthews, NC is $508,498 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.7% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Matthews are priced24% above average. Matthews is part of the Charlotte-Concord-Gastonia, NC-SC metro area.
Over the past five years, Matthews home values have risen by approximately36.7%, reflecting strong long-term appreciation in this market.
Price History
Matthews Home Price Trend
City Comparison
Matthews vs. National Median
At $508,498, homes in Matthews cost 24% above the national median of $410,000. Buyers in Matthews should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Matthews?
20% Down Payment
$101,700
on $508,498
Monthly P&I
$2,652/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,368/mo
incl. taxes & insurance
Income Needed
$134,720
gross annual (30% rule)
10% Down Option
$50,850
+ PMI applies
Loan Amount (20% dn)
$406,798
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Matthews, NC?
The median home value in Matthews is $508,498 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.7% year-over-year.
How much have home prices changed in Matthews?
Over the past year, home values in Matthews have increased by 0.7%. Over five years, prices have risen approximately 36.7%.
How much do I need to earn to buy a home in Matthews?
To comfortably afford the median home price of $508,498 with a 20% down payment ($101,700) at today's rates (6.8%), you'd need a gross annual income of approximately $134,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Matthews compare to the national average home price?
The national median home value is approximately $410,000. At $508,498, homes in Matthews are 24% above the national average.
What metro area is Matthews part of?
Matthews is part of the Charlotte-Concord-Gastonia, NC-SC metropolitan area. Home prices and market conditions can vary across the broader metro region.