Matthews Town, North Carolina Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Matthews Town, North Carolina rental market.
Matthews Town, North Carolina
Average Apartment Rent
$1,635
Y-o-Y Change in Average
Apartment Rent
1.4%
As of June 2025
Compared to a year ago, Matthews Town, North Carolina apartments have recorded a 1.4% rent increase.
Matthews Town, North Carolina Average apartment rent trend
Matthews Town, North Carolina Average Apartment Rent
Matthews Town, North Carolina Apartment rent ranges
At 44.83%, apartments priced $1,000 - $1,500 represent the bulk of Matthews Town, North Carolina rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.59%.
Matthews Town, North Carolina Housing tenure**
Renters take up 33% of Matthews Town, North Carolina real estate, occupying a total of 3,646 units, while homeowners live in 7,415 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$69,714
Average household size of renter-occupied housing units**
2.17
Rental vacancy rate**
8.2%
Matthews Town, North Carolina Renter-occupied housing units by no. of bedrooms**
There are 1,696 rentals in Matthews Town, North Carolina with 2 beds making up the highest share of the market, at 47%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 44 units. Overall, the median number of rooms in Matthews Town, North Carolina homes for rent is 3.9.
Matthews Town, North Carolina Renter-occupied units by age of householder**
Most condos for rent in Matthews Town, North Carolina are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 5%.
Matthews Town, North Carolina Renter-occupied housing units by family type**
Matthews Town, North Carolina Renter-occupied housing units by the presence of own children**
A total of 1,952 apartments for rent in Matthews Town, North Carolina, or 54% of all rentals are family households. Additionally, 23% of rental homes include children under the age of 18 – that’s 841 units. All in all, the median size of a renter-occupied household in Matthews Town, North Carolina is 2.17.
Matthews Town, North Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 54% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Matthews Town, North Carolina.
Matthews Town, North Carolina Renter-occupied units by year structure built**
The highest share of Matthews Town, North Carolina apartment rentals, namely 26% or 932 units, were Built 2010 - 2019, followed by those Built 1980 - 1989 (25%, 899 units), and the ones Built 2000 - 2009 (18%, 657 units).
Matthews Town, North Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Matthews Town, North Carolina renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Matthews Town, North Carolina condos for rent is 2019.
Matthews Town, North Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Matthews Town, North Carolina renters have 1 vehicle available per household, 39% of them have 2 vehicles available, and 5% have 3 vehicles available.
Matthews Town, North Carolina Means of transportation to work of householders living in renter-occupied housing units**
Matthews Town, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Matthews Town, North Carolina apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
