Compare: Touchstone Village/Elm Lane vs Rain Tree

Home Values in Touchstone Village/Elm Lane and Rain Tree

Touchstone Village/Elm Lane

Rain Tree

Zillow Home Value Index

$231,500

$268,000

1-Year Change

+7.0%

-0.2%

Median List Price

$219,700

$379,900

Median Sale Price

$155,000

$317,400

Total Homes Sold in Mar

13 homes

11 homes

Touchstone Village/Elm Lane, Charlotte tends to be less expensive for home buyers than Rain Tree, Charlotte. During the last year, Touchstone Village/Elm Lane home values have risen by 7.0%, while Rain Tree home values have fallen by 0.2%. The median sale price in Touchstone Village/Elm Lane is $155,000, but the median listing price was $219,700, a 29.4% discount. Meanwhile in Rain Tree, the median selling price is $317,400, and the starting price had a median of $379,900, a 16.5% discount. In March, Touchstone Village/Elm Lane home sellers managed to move 13 houses, while Rain Tree saw 11 transactions.

Demographics in Touchstone Village/Elm Lane and Rain Tree

Touchstone Village/Elm Lane

Rain Tree

Population

2,227

3,405

Median Household Income

$52,418

$78,661

Median Age

Homes with Kids

27.9%

28.2%

Average Household Size

2.3

Average Commute Time (Minutes)

At $78,661, the median income in Rain Tree is $26,243 more than in Touchstone Village/Elm Lane, and $34,149 higher than the national average. Touchstone Village/Elm Lane has a younger median age, at 33, compared to 39 in Rain Tree, and a shorter average commute. The average commute in Rain Tree is 30 minutes and the average commute in Touchstone Village/Elm Lane is 28 minutes.