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Charlotte city, NC

ZIP 28206 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28206

Median Home Value
$239,700
Median Rent
$981
Affordability Snapshot
$66,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,540/mo PITI).

23%
Rent-to-Income Ratio

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

4.7x
Home Price-to-Income Ratio

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

20.4 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 28206 in Charlotte city, NC, a household would need roughly $66,000 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 $1,540. That is about 28% above the local median household income ($51,456), 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
32.9%-50% vs US avg
x
Vacancy Rate
5.9%-43% vs US avg
x
Broadband Access
87.6%+1% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
6.4%-8% vs US avg
x
Rent Burden >30%
26.3%-47% vs US avg
x
Mortgage-Free
32.5%-15% vs US avg
x
$239,700
Home Value
$981
Rent
1998
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 detached42.4%
  • 1-unit attached7.7%
  • 2-9 units15.5%
  • 10+ units33.7%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$239,700
Median rent$981
Owner-occupied32.9%
Vacant5.9%
Price-to-income4.7x
Est. income to buy$66,000