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Charlotte city, NC

ZIP 28209 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28209

Median Home Value
$596,000
Median Rent
$1,491
Affordability Snapshot
$164,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,829/mo PITI).

18%
Rent-to-Income Ratio

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

6.1x
Home Price-to-Income Ratio

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

33.3 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 28209 in Charlotte city, NC, a household would need roughly $164,000 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 $3,829. That is about 68% above the local median household income ($97,762), 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
50.6%-23% vs US avg
x
Vacancy Rate
8.3%-20% vs US avg
x
Broadband Access
94.3%+8% vs US avg
x
4+ Bedrooms
3.7%-75% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
3.1%-55% vs US avg
x
Rent Burden >30%
19.6%-61% vs US avg
x
Mortgage-Free
22.3%-42% vs US avg
x
$596,000
Home Value
$1,491
Rent
1986
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached37.7%
  • 1-unit attached9.7%
  • 2-9 units12.9%
  • 10+ units39.3%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$596,000
Median rent$1,491
Owner-occupied50.6%
Vacant8.3%
Price-to-income6.1x
Est. income to buy$164,000