What percentage of people rent in Matthews, NC?
35.6% (±3.4 points) of the occupied homes in Matthews, NC are rented (2020–2024 American Community Survey).
That is 4,221 renting households against 7,643 that own their home.
In Matthews, the share of households that rent went from 28.3% in 2015–2019 to 35.6% in 2020–2024 (+7.3 percentage points), a measurable increase.
Figures last updated on .
- Households that rent
- 35.6% (±3.4 points)
- Renting households
- 4,221 (±481)
- Median renter income
- $66,210 (±$13,207)
Who rents and who owns in Matthews
| Matthews | Mecklenburg County | North Carolina | United States | |
|---|---|---|---|---|
| Renter-occupied share | 35.6% (±3.4 points) | 44.9% (±0.6 points) | 33.4% (±0.2 points) | 34.8% |
| Renting households | 4,221 (±481) | 209,360 (±2,911) | 1,428,852 (±8,279) | 45,017,354 |
| Owning households | 7,643 (±407) | 257,167 (±3,042) | 2,853,493 (±14,473) | 84,210,142 |
| Average renter household size | 2.0 (±0.2) | 2.2 (±0.0) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 2.9 (±0.1) | 2.6 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $66,210 (±$13,207) | $62,675 (±$1,277) | $48,010 (±$418) | $52,966 |
| Median owner household income | $129,126 (±$6,889) | $118,537 (±$2,127) | $88,911 (±$521) | $100,009 |
In Matthews, the renter share is lower than in Mecklenburg County (44.9%).
It is not measurably different from North Carolina (33.4%).
It is not measurably different from the national figure (34.8%).
In Mecklenburg County, Matthews ranks 3 of 7 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 271 of 663.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Matthews has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 28.3% (±2.5 points) | 35.6% (±3.4 points) | +7.3 percentage points | Measurable increase |
| Median gross rent | $1,279 (±$57) | $1,764 (±$42) | +37.9% | Up after inflation |
| Median household income | $84,594 (±$4,534) | $108,611 (±$9,129) | +28.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Matthews
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Matthews | — | 35.6% (±3.4 points) | — |
| Stallings | 2.9 mi | 12.5% (±3.4 points) | Lower |
| Indian Trail | 4.8 mi | 21.9% (±2.9 points) | Lower |
| Hemby Bridge | 4.9 mi | 15.0% (±5.9 points) | Lower |
| Lake Park | 4.9 mi | 21.9% (±7.0 points) | Lower |
| Mint Hill | 5.1 mi | 16.8% (±4.1 points) | Lower |
| Weddington | 6.9 mi | 4.9% (±2.6 points) | Lower |
| Wesley Chapel | 7.9 mi | 1.9% (±1.3 points) | Lower |
| Charlotte | 9.2 mi | 49.0% (±0.7 points) | Higher |
Nearby places with a measurably lower figure: Stallings, NC (12.5%), Indian Trail, NC (21.9%), Hemby Bridge, NC (15.0%).
Nearby places with a measurably higher figure: Charlotte, NC (49.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Mecklenburg County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Pineville | 51.1% (±6.0 points) |
| 2 | Charlotte | 49.0% (±0.7 points) |
| 3 | Matthews | 35.6% (±3.4 points) |
| 4 | Cornelius | 30.5% (±2.7 points) |
| 5 | Huntersville | 28.3% (±2.6 points) |
| 6 | Davidson | 20.0% (±4.1 points) |
| 7 | Mint Hill | 16.8% (±4.1 points) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Matthews
How many renters are there in Matthews?
Matthews has an estimated 4,221 (±481) renting households, 35.6% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Matthews?
In Matthews, the share of households that rent went from 28.3% in 2015–2019 to 35.6% in 2020–2024 (+7.3 percentage points), a measurable increase.
How big are renting households in Matthews?
A renting household in Matthews has 2.0 people on average, against 2.9 in an owned home.
How much do renters earn in Matthews?
The median renting household in Matthews, NC has an income of $66,210 (±$13,207) a year, against $129,126 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Matthews town, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Matthews town, North Carolina
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Matthews town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Matthews town, North Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Matthews town, North Carolina
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Matthews town, North Carolina (place:41960, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Fair Market Rent in Matthews
- North Carolina landlord and tenant rules
- Housing across Mecklenburg County
- North Carolina places ranked by share of renters
- Housing data for every place in North Carolina