ZIP Code · NC

ZIP 27203

Part of Asheboro, NC

Pop. 23,224·Randolph County·227th most expensive ZIP in North Carolina

Median rent (all units)

$987/mo

Year-over-Year

+7.0%

Month-over-Month

+0.6%

vs US Median

-$945

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 27203 · $987

More affordable than 98% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$910

1 BR

$950

2 BR

$1,040

3 BR

$1,330

4 BR+

$1,530

Research median

$1,040/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of North Carolina

Rent in ZIP 27203 changed +7.0% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Recent direction

Rent has risen 12 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($46,336) is $1,158 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,040); a 3-bedroom is $1,330.

From Zillow's monthly rent index (ZORI) for ZIP 27203. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$11,844/yr

At $987/mo median

Location

CityAsheboro

StateNC

CountyRandolph County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.0% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 27203 (Asheboro, NC) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 16.6% of residents hold a bachelor's degree or higher.

Population

23,224

Median income

$46,336

Median age

34.2

Renters

57.1%

Age distribution

27.7%

24.2%

23.9%

16.1%

Under 1827.7%

18–3424.2%

35–5423.9%

55–648.1%

65+16.1%

Gender

52.3%

47.7%

Male52.3%

Female47.7%

Race & ethnicity

54.2%

15.8%

28.1%

White54.2%

Black15.8%

Hispanic28.1%

Asian1.2%

Other0.7%

Education (25+)

17.9%

35.9%

29.5%

16.6%

No HS diploma17.9%

HS diploma35.9%

Some college29.5%

Bachelor's+16.6%

Housing tenure

42.9%

57.1%

Owner42.9%

Renter57.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 27203 in Asheboro, NC has changed in 5 years

Income

$40,350 → $46,336

up 14.8%

Population

22,036 → 23,224

up 5.4%

Renter share

56.1% → 57.1%

+1.0 pts

Bachelor's+

14.4% → 16.6%

+2.2 pts

Local incomes tracked alongside that move, going from a median of $40,350 in 2021 to $46,336 more recently. Census counts show ZIP 27203 in Asheboro, NC adding about 1,188 residents over the five-year window, up 5.4% on net. Bachelor's-degree-or-higher attainment moved from 14.4% to 16.6% across the same window.

Community

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Local insights

Tips for renters in ZIP 27203

About renting in ZIP 27203

Last updated: October 17, 2026

ZIP code 27203 covers Asheboro, NC. The median rent here is $987/mo as of October 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,040/mo.

At 26% of local median household income ($46,336/yr), ZIP 27203 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 27203?

To keep rent at or below 30% of gross income, you would need to earn at least $39,000/year (about $19/hour full-time) to afford the median rent of $987/mo in ZIP 27203. The local median household income is $46,336/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 27203?

Rent in ZIP 27203 has risen 7.0% over the past year.

How does ZIP 27203 compare to other ZIPs in North Carolina?

ZIP 27203 is one of the more affordable among North Carolina ZIP codes for rent, ranking #227 of 230 at $987/mo. Over the year to September 2026, rent in ZIP 27203 changed +7.0%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.