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Charlotte city, NC

ZIP 28208 — 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 28208

Median Home Value
$198,300
Median Rent
$979
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,274/mo PITI).

23%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

16.9 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 28208 in Charlotte city, NC, a household would need roughly $55,000 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 $1,274. That is roughly in line with the local median household income ($51,339). 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
39.7%-39% vs US avg
x
Vacancy Rate
10.0%-3% vs US avg
x
Broadband Access
79.1%-9% vs US avg
x
4+ Bedrooms
1.2%-92% vs US avg
x
Built Pre-1939
10.2%-20% vs US avg
x
Built Post-2014
1.3%-82% vs US avg
x
Rent Burden >30%
25.1%-50% vs US avg
x
Mortgage-Free
31.4%-18% vs US avg
x
$198,300
Home Value
$979
Rent
1970
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached56.2%
  • 1-unit attached9.0%
  • 2-9 units16.8%
  • 10+ units15.9%
  • Mobile home & other2.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$198,300
Median rent$979
Owner-occupied39.7%
Vacant10.0%
Price-to-income3.9x
Est. income to buy$55,000