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Charlotte city, NC

ZIP 28203 — 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 28203

Median Home Value
$708,600
Median Rent
$1,757
Affordability Snapshot
$195,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,552/mo PITI).

20%
Rent-to-Income Ratio

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

6.8x
Home Price-to-Income Ratio

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

33.6 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 28203 in Charlotte city, NC, a household would need roughly $195,000 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 $4,552. That is about 88% above the local median household income ($103,860), 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 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
31.1%-52% vs US avg
x
Vacancy Rate
10.2%-1% vs US avg
x
Broadband Access
93.9%+8% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
6.2%-52% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
12.5%-75% vs US avg
x
Mortgage-Free
21.9%-43% vs US avg
x
$708,600
Home Value
$1,757
Rent
2007
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 detached21.0%
  • 1-unit attached11.5%
  • 2-9 units9.4%
  • 10+ units57.3%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$708,600
Median rent$1,757
Owner-occupied31.1%
Vacant10.2%
Price-to-income6.8x
Est. income to buy$195,000