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Bessemer City city, NC

ZIP 28016 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28016

Median Home Value
$187,600
Median Rent
$705
Affordability Snapshot
$52,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,205/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

22.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 28016 in Bessemer City city, NC, a household would need roughly $52,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,205. That is roughly in line with the local median household income ($52,058). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
69.0%+5% vs US avg
x
Vacancy Rate
11.8%+14% vs US avg
x
Broadband Access
81.9%-6% vs US avg
x
4+ Bedrooms
2.3%-85% vs US avg
x
Built Pre-1939
6.2%-52% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
21.3%-57% vs US avg
x
Mortgage-Free
52.5%+38% vs US avg
x
$187,600
Home Value
$705
Rent
1981
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached70.7%
  • 1-unit attached0.8%
  • 2-9 units6.7%
  • 10+ units2.2%
  • Mobile home & other19.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$187,600
Median rent$705
Owner-occupied69.0%
Vacant11.8%
Price-to-income3.6x
Est. income to buy$52,000