ZIP 28027
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 28027 usually run 1.1% below trend in January and 1% above it in August, about $37 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 28027 is at its highest level since Zillow's records here began in May 2016.
Rent in ZIP 28027 changed +2.3% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.
From 2019 to 2024, rent in ZIP 28027 rose 39.5% while median household income rose 20.1% ($76,776 to $92,219). Rent outpaced income.
Rent in ZIP 28027 is 40.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($92,219) is $2,305 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,040); a 4-bedroom is $2,600.
ZIP 28262, 7 miles away, rents for 14% less ($1,512/mo), about $2,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 28027. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 28027 in Concord, NC has changed in 5 years
Compared with 2021, rent in ZIP 28027 in Concord, NC has climbed by $401 per month, settling near $1,752 after starting the period at $1,351. Median household income grew from $84,051 to $92,219 between 2021 and 2024, a 9.7% shift. Rent outpaced income growth by roughly 20.0 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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Tips for renters in ZIP 28027
Last updated: October 17, 2026
ZIP code 28027 covers Concord, NC. The median rent here is $1,752/mo as of October 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 2.3% over the past year.
Frequently asked questions
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How does ZIP 28027 compare to the rest of Concord?
At $1,752/mo, rent takes ~23% of ZIP 28027's median household income ($92,219/yr). The standard benchmark is 30%.
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