Welcome to our 28217 real estate data hub, tailored for investors in Charlotte, NC. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 28217 in Charlotte, NC. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MECKLENBURG COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Charlotte, NC real estate investing. Uncover the wealth of information available, and position yourself for success in the Charlotte property market.
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Location Overview
- Zip Code: 28217
- City: Charlotte
- State: NC
- Metro Area: Charlotte-Concord-Gastonia, NC-SC
- County Name: MECKLENBURG COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $288,035
- Average Home Price (Single Family Homes): $291,422
- Average Monthly Rental Price (All Types): $1,623
- Price-to-Rent Ratio: 15
- Zillow Projected % appreciation from 4/2023-4/2024: 3.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,460
- Average 3 Bedroom Section 8 Rental Rates: $1,850
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 16.44
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 12.97
- Number of Units Offered in Section 8 in the County: 1820
- Number of Occupied Units in Section 8 in the County: 1732
- Percentage of Section 8 Units Occupied in the County: 95.19999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): Not Available
- Total % Appreciation since 2000 (Government Data): 174.86
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.31%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 6.61%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 60.99%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 100.24%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 310.32%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 195.49%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 208.07%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -4.2%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.72%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 27.97%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 45.9%