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Charlotte city, NC

ZIP 28202 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28202

Median Home Value
$425,900
Median Rent
$1,792
Affordability Snapshot
$117,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,736/mo PITI).

21%
Rent-to-Income Ratio

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

4.2x
Home Price-to-Income Ratio

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

19.8 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 28202 in Charlotte city, NC, a household would need roughly $117,000 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 $2,736. That is about 15% above the local median household income ($101,711), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
26.7%-59% vs US avg
x
Vacancy Rate
18.5%+80% vs US avg
x
Broadband Access
91.0%+5% vs US avg
x
4+ Bedrooms
0.2%-99% vs US avg
x
Built Pre-1939
0.2%-99% vs US avg
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
20.6%-58% vs US avg
x
Mortgage-Free
15.6%-59% vs US avg
x
$425,900
Home Value
$1,792
Rent
2007
Year Built
2020
Moved In

Residents have lived here since ~2020 on average

Housing Structure

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

  • 1-unit detached4.5%
  • 1-unit attached4.9%
  • 2-9 units5.6%
  • 10+ units83.5%
  • Mobile home & other1.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$425,900
Median rent$1,792
Owner-occupied26.7%
Vacant18.5%
Price-to-income4.2x
Est. income to buy$117,000