Charlotte, NC 28278 - Real Estate Investment Insights & Performance Data

Welcome to our 28278 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 28278 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.

• Location Overview

  • Zip Code: 28278
  • City: Charlotte
  • State: NC
  • Metro Area: Charlotte-Concord-Gastonia, NC-SC
  • County Name: MECKLENBURG COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $467,471
  • Average Home Price (Single Family Homes): $473,963
  • Average Monthly Rental Price (All Types): $1,871
  • Price-to-Rent Ratio: 21
  • Zillow Projected % appreciation from 4/2023-4/2024: 2.4%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,690
  • Average 3 Bedroom Section 8 Rental Rates: $2,140
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 23.05
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.2
  • 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%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 209.28
  • Total % Appreciation since 2000 (Government Data): 118.76
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.17%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.46%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 47.26%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 60.86%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 132.87%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 88.59%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 120.45%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.26%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.54%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 34.01%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 42.22%