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Charlotte city, NC

ZIP 28207 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28207

Median Home Value
$1,348,900
Median Rent
$1,364
Affordability Snapshot
$371,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$8,665/mo PITI).

8%
Rent-to-Income Ratio

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

6.4x
Home Price-to-Income Ratio

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

82.4 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 28207 in Charlotte city, NC, a household would need roughly $371,000 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 $8,665. That is about 75% above the local median household income ($212,348), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
83.3%+27% vs US avg
x
Vacancy Rate
8.7%-16% vs US avg
x
Broadband Access
96.9%+11% vs US avg
x
4+ Bedrooms
16.5%+11% vs US avg
x
Built Pre-1939
8.6%-33% vs US avg
x
Built Post-2014
1.4%-79% vs US avg
x
Rent Burden >30%
9.2%-82% vs US avg
x
Mortgage-Free
32.5%-15% vs US avg
x
$1,348,900
Home Value
$1,364
Rent
1965
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached59.3%
  • 1-unit attached10.7%
  • 2-9 units14.8%
  • 10+ units15.1%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,348,900
Median rent$1,364
Owner-occupied83.3%
Vacant8.7%
Price-to-income6.4x
Est. income to buy$371,000