The median home value in ZIP Code 28277 (Charlotte, NC) is $361,200. Approximately 69.2% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.6%.
The average occupancy of owner-occupied units in ZIP Code 28277 is 2.80 occupants, while owner-occupied units have an aggregate average size of 3.31 bedrooms per housing unit.
In the 28277 ZIP Code, an estimated 30.8% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 6.4%.
Among renter-occupied units in this ZIP, the average occupancy is 2.32 occupants, while renters in this Mecklenburg County region spend an average of 0% of their income on housing rental costs.
See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 28277.
| ZIP 28277 | North Carolina | U.S. | |
|---|---|---|---|
| Median Home Value | $361,200 | $339,288 | $356,002 |
| Owner-Occupied Housing Units | 69.2% | 65.2% | 64.0% |
| Homeowner Vacancy Rate | 0.6% | 1.8% | 1.6% |
| Average Size of Owner-Occupied Unit | 2.80 | 2.57 | 2.70 |
| Average # of Bedrooms Per Unit | 3.31 | 2.84 | 2.75 |
| Median Housing Rent | $0 | $907 | $1,062 |
| Renter-Occupied Housing Units | 30.8% | 34.8% | 36.0% |
| Rental Vacancy Rate | 6.4% | 6.8% | 6.0% |
| Average Size of Renter-Occupied Unit | 2.32 | 2.43 | 2.49 |
| Percent of Income Spent on Rent | 0% | 29.19% | 29.83% |
The median home value in ZIP Code 28277 is $361,200. That median value is about 109% higher than the median home value of $172,500 in North Carolina overall, and is 66% higher than the $217,500 the median home value in the entire U.S. An estimated 40.5% of homes in ZIP Code 28277 are valued $300,000 to $499,999. That is 165% higher than in North Carolina, in which 15.3% of homes are valued at $300,000 to $499,999, and is about 110% higher than in the U.S. overall (19.3% of homes valued at $300,000 to $499,999). The home value range that the smallest portion of ZIP Code 28277 homes fall into is $50,000 to $99,999 (0.3% of homes).
This chart visualizes the breakdown of home values in ZIP Code 28277, North Carolina, and also in the U.S. overall.
See the table below for a regional comparison of home values in ZIP Code 28277.
| Home Value | ZIP 28277 | North Carolina | U.S. |
|---|---|---|---|
| Less than $50,000 | 1.2% | 7.9% | 6.9% |
| $50,000 to $99,999 | 0.3% | 15.2% | 12.0% |
| $100,000 to $149,999 | 3.5% | 17.9% | 13.3% |
| $150,000 to $199,999 | 6.4% | 16.9% | 14.0% |
| $200,000 to $299,999 | 23.9% | 19.8% | 19.6% |
| $300,000 to $499,999 | 40.5% | 15.3% | 19.3% |
| $500,000 to $999,999 | 22.2% | 5.8% | 11.4% |
| $1,000,000 or more | 2.0% | 1.2% | 3.4% |
Approximately 38.6% of homes in this Charlotte, NC region were built in 2000 to 2009. This amount of homes built in 2000 to 2009 in ZIP Code 28277 is about 99% higher than percentage of homes built in this time period in North Carolina overall (19.4% of homes), and is 176% higher the percentage (14.0% of homes) in the U.S. as a whole. Additionally, an esimated 33.8% of local homes were built in 1990 to 1999. On the other end of the scale, just 0.0% of homes in this Mecklenburg County ZIP Code were built in 1940 to 1949 in ZIP Code 28277. In comparison, 3.5% of homes in North Carolina overall were built in 1940 to 1949, while 4.9% of all U.S. homes were built in this time period.
A detailed regional comparison of home ages in ZIP Code 28277.
| Year Built | ZIP 28277 | North Carolina | U.S. |
|---|---|---|---|
| 2014 or later | 3.9% | 3.3% | 2.5% |
| 2010 to 2013 | 5.7% | 3.9% | 2.7% |
| 2000 to 2009 | 38.6% | 19.4% | 14.0% |
| 1990 to 1999 | 33.8% | 19.9% | 13.9% |
| 1980 to 1989 | 14.4% | 15.4% | 13.4% |
| 1970 to 1979 | 3.1% | 13.7% | 15.2% |
| 1960 to 1969 | 0.3% | 8.9% | 10.6% |
| 1950 to 1959 | 0.1% | 6.9% | 10.3% |
| 1940 to 1949 | 0.0% | 3.5% | 4.9% |
| 1939 or earlier | 0.2% | 5.2% | 12.6% |
See the chart below for details on the age of homes in ZIP Code 28277, North Carolina, and also in the U.S. overall. Data here refers to years that homes were built.
Frequently asked questions about housing in this Charlotte, NC ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 28277.
