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Charlotte city, NC

ZIP 28204 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28204

Median Home Value
$576,900
Median Rent
$1,620
Affordability Snapshot
$159,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,706/mo PITI).

22%
Rent-to-Income Ratio

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

6.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

29.7 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 28204 in Charlotte city, NC, a household would need roughly $159,000 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 $3,706. That is about 78% above the local median household income ($89,207), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
25.9%-60% vs US avg
x
Vacancy Rate
9.1%-11% vs US avg
x
Broadband Access
95.1%+9% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
2.6%-80% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
13.4%-73% vs US avg
x
Mortgage-Free
20.4%-47% vs US avg
x
$576,900
Home Value
$1,620
Rent
2010
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

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

  • 1-unit detached12.2%
  • 1-unit attached5.4%
  • 2-9 units13.2%
  • 10+ units69.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$576,900
Median rent$1,620
Owner-occupied25.9%
Vacant9.1%
Price-to-income6.5x
Est. income to buy$159,000