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Charlotte city, NC

ZIP 28277 — Housing & Real Estate

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

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28277

Median Home Value
$507,600
Median Rent
$1,683
Affordability Snapshot
$140,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,261/mo PITI).

17%
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.

25.1 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 28277 in Charlotte city, NC, a household would need roughly $140,000 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 $3,261. That is roughly in line with the local median household income ($122,223). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.8%-7% vs US avg
x
Vacancy Rate
5.2%-50% vs US avg
x
Broadband Access
96.9%+11% vs US avg
x
4+ Bedrooms
13.0%-12% vs US avg
x
Built Pre-1939
0.2%-99% vs US avg
x
Built Post-2014
1.1%-85% vs US avg
x
Rent Burden >30%
15.4%-69% vs US avg
x
Mortgage-Free
24.7%-35% vs US avg
x
$507,600
Home Value
$1,683
Rent
2001
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached54.0%
  • 1-unit attached15.1%
  • 2-9 units7.2%
  • 10+ units23.6%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$507,600
Median rent$1,683
Owner-occupied60.8%
Vacant5.2%
Price-to-income4.2x
Est. income to buy$140,000