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ZIP Code · NC

ZIP 28027

Part of Concord, NC
Pop. 81,772·Cabarrus County·81st most expensive ZIP in North Carolina
Median rent (all units)
$1,766/mo
Year-over-Year
+5.6%
Month-over-Month
+2.4%
vs US Median
-$199
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 28027 · $1,766
More affordable than 54% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,450
1 BR
$1,510
2 BR
$1,660
3 BR
$2,040
4 BR+
$2,600
Research median
$1,660/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: July 20, 2026

Annual cost
$21,192/yr
At $1,766/mo median
Location
StateNC
CountyCabarrus County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.6% YoY, +2.4% MoM), not inventory.
Demographics

Who lives here

ZIP 28027 (Concord, NC) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 43.3% of residents hold a bachelor's degree or higher.

Population
81,772
Median income
$92,219
Median age
36.3
Renters
36%
Age distribution
26.9%
21%
29.8%
12.1%
Under 1826.9%
18–3421%
35–5429.8%
55–6410.2%
65+12.1%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
52%
20.6%
14.8%
White52%
Black20.6%
Hispanic14.8%
Asian10.3%
Other2.3%
Education (25+)
21.6%
26.2%
43.3%
No HS diploma8.8%
HS diploma21.6%
Some college26.2%
Bachelor's+43.3%
Housing tenure
64%
36%
Owner64%
Renter36%

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

2021 vs 2026

How ZIP 28027 in Concord, NC has changed in 5 years

Rent
$1,316 → $1,766
up 34.2%
Income
$84,051 → $92,219
up 9.7%
Population
76,653 → 81,772
up 6.7%
Renter share
28.5% → 36%
+7.5 pts
Bachelor's+
41.4% → 43.3%
+1.9 pts
Median age
37.3 → 36.3
-1.0 yrs

Compared with 2021, rent in ZIP 28027 in Concord, NC has climbed by $450 per month, settling near $1,766 after starting the period at $1,316. Median household income grew from $84,051 to $92,219 between 2021 and 2024, a 9.7% shift. Rent outpaced income growth by roughly 24.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 76,653 to 81,772 between 2021 and 2024, a 6.7% change. About 36% of households rent today, against 28.5% in 2021. Taken together, the five-year picture in ZIP 28027 in Concord, NC reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 28027

Last updated: July 20, 2026

ZIP code 28027 covers Concord, NC. The median rent here is $1,766/mo as of July 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,660/mo.

At 23% of local median household income ($92,219/yr), ZIP 28027 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 28027?

As of July 20, 2026, the median monthly rent in ZIP 28027 (Concord, NC) is $1,766. This is based on aggregated data from public sources and community submissions.

How does ZIP 28027 rent compare to the US average?

ZIP 28027's median rent of $1,766/mo is $199 (10%) below the US national median of $1,965/mo.

How does ZIP 28027 compare to other ZIPs in North Carolina?

ZIP 28027 falls in the middle range for North Carolina, ranking #81 out of 227 ZIPs at $1,766/mo.

How much income do you need to rent in ZIP 28027?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (~$34/hour full-time) to afford the median rent of $1,766/mo in ZIP 28027. The local median household income is $92,219/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 28027?

Rent in ZIP 28027 has increased 5.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 28027 an affordable place to rent?

ZIP 28027 is considered very affordable for renters. At $1,766/mo, rent takes approximately 23% of the local median household income ($92,219/yr). The standard benchmark is 30%. ZIP 28027 falls comfortably within that range.

What percentage of ZIP 28027 residents rent vs. own?

According to Census data, approximately 36% of ZIP 28027 households are renters, while 64% are owner-occupied. ZIP 28027 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 28027 compare to the rest of Concord?

ZIP 28027 is more affordable than Concord overall. At $1,766/mo, it's $39 below the Concord citywide median of $1,805/mo.

When was rent data for ZIP 28027 last updated?

Rent data for ZIP 28027 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,766/mo, rent takes ~23% of ZIP 28027's median household income ($92,219/yr). The standard benchmark is 30%.

ZIP 28027 23%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 28027 (Concord, NC)

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