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Sarah Mitchell
Compass Real Estate · ZIP 28227
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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28227 ZIP Code Housing Market
$445,500median sale price
What is the 28227 housing market like right now?
The median home sale price in ZIP code 28227 is $445,500, up 7.7% year-over-year. Homes sell in an average of 57 days with 256 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 28227 ZIP code a buyer's or seller's market?
ZIP code 28227 is currently a leaning buyer's and homes selling in about 57 days. How we determine this →
What are the latest 28227 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $445,500 |
| Median list price | $465,000 |
| Year-over-year price change | +7.7% |
| Average days on market | 57 days |
| Active inventory | 256 listings |
| Sale-to-list price ratio | 98.9% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 28227 zip code, located in Mint Hill, NC, is currently classified as a leaning buyer's. The median sale price stands at $445,500, representing a +7.7% change year over year. Homes in this area spend an average of 57 days on the market before going under contract. There are currently 256 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 28227 sits in the Mint Hill, NC area, roughly 1 miles from downtown Mint Hill. Because home prices are set street by street, this ZIP can move differently from Mint Hill's citywide averages. The figures below reflect 28227 specifically — drawn from Redfin transactions, U.S. Census data for its 60,482 residents, and Zillow value estimates.
Homes sold
166
Last 12 weeks
Days on market
57
Average pace
Active listings
256
Sale-to-list
98.9%
Below asking
What is driving the 28227 housing market?
The 28227 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 98.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 28227 have increased +7.7% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 28227 stands at $393,656, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,697 per month. This gives a price-to-rent ratio of approximately 19.3, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 28227?
Population
60,482
Median income
$77,115/yr
Median age
39.6 years
Owner-occupied
70.2%
College grads
31.5%
Avg commute
31.98 min
What is it like living in 28227?
Zip code 28227 is home to approximately 60,482 residents. The median household income is $77,115 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 70.2% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 31.5% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 31.98 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 28227.
Which public schools serve ZIP 28227?
7 schools tracked · 7,209 students
The largest public schools serving ZIP code 28227 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Independence High School
Grades 9-12 · 2,020 students
Rocky River High School
Grades 9-12 · 1,535 students
Queen's Grant Community School
Grades K-12 · 1,341 students
Bain Elementary
Grades PK-5 · 754 students
Northeast Middle
Grades 6-8 · 581 students
Lebanon Road Elementary
Grades PK-5 · 535 students
Clear Creek Elementary
Grades PK-5 · 443 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 28227
What is the median home price in 28227?
The current median sale price in 28227 is $445,500, based on recent Redfin transaction data. Prices have changed +7.7% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 28227 a buyer's or seller's market?
The 28227 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 28227?
Zip code 28227 has a population of approximately 60,482 residents. The median household income is $77,115 per year. About 70.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 28227?
Properties Incorporated provides comprehensive data for 28227 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 28227 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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