ZIP Code · NC

ZIP 28037

Part of Denver, NC

Pop. 28,768·Lincoln County·39th most expensive ZIP in North Carolina

Median rent (all units)

$1,945/mo

Year-over-Year

+3.5%

Month-over-Month

+1.8%

vs US Median

+$13

Reported rents

Rising (Monthly)

Be the first to discuss 28037 rents ↓

Most AffordableMost Expensive

ZIP 28037 · $1,945

More expensive than 58% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,080

1 BR

$1,130

2 BR

$1,250

3 BR

$1,720

4 BR+

$2,080

Research median

$1,250/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 28037 is at its highest level since Zillow's records here began in May 2022.

Past year vs. the rest of North Carolina

Rent in ZIP 28037 changed +3.5% 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 4 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($111,703) is $2,793 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,080).

Cheaper nearby

ZIP 28031, 7 miles away, rents for 10% less ($1,750/mo), about $2,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 28037. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,340/yr

At $1,945/mo median

Location

CityDenver

StateNC

CountyLincoln County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 3.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+3.5% YoY, +1.8% MoM), not inventory.

Demographics

Who lives here

ZIP 28037 (Denver, NC) is majority owner-occupied, has a large retiree population, has a median income above the national average, 46.3% of residents hold a bachelor's degree or higher.

Population

28,768

Median income

$111,703

Median age

45.9

Renters

16.2%

Age distribution

19.4%

15.9%

27.9%

16.5%

20.3%

Under 1819.4%

18–3415.9%

35–5427.9%

55–6416.5%

65+20.3%

Gender

48.7%

51.3%

Male48.7%

Female51.3%

Race & ethnicity

89.3%

White89.3%

Black2.8%

Hispanic3.8%

Asian0.8%

Other3.3%

Education (25+)

18.8%

31.1%

46.3%

No HS diploma3.7%

HS diploma18.8%

Some college31.1%

Bachelor's+46.3%

Housing tenure

83.8%

16.2%

Owner83.8%

Renter16.2%

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

2023 vs 2026

How ZIP 28037 in Denver, NC has changed in 5 years

Rent

$1,713 → $1,945

up 13.5%

Income

$93,431 → $111,703

up 19.6%

Population

22,995 → 28,768

up 25.1%

Renter share

16.6% → 16.2%

-0.4 pts

Bachelor's+

41.8% → 46.3%

+4.5 pts

Median age

46.5 → 45.9

-0.6 yrs

The median rent in ZIP 28037 in Denver, NC stood at $1,713 in 2023 and currently runs about $1,945, reflecting a 13.5% increase over the period. Household income in the area moved from $93,431 to $111,703 across the same window, up 19.6% versus 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 25.1% since 2021, moving from about 22,995 residents to roughly 28,768. College-educated residents now make up 46.3% of adults here, versus 41.8% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 28037 in Denver, NC look reasonable against where the market sat half a decade ago.

Community

Discussions about ZIP 28037

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 28037

About renting in ZIP 28037

Last updated: October 17, 2026

ZIP code 28037 covers Denver, NC. The median rent here is $1,945/mo as of October 2026. A 1-bedroom rents for a median of $1,130/mo. A 2-bedroom rents for a median of $1,250/mo.

At 21% of local median household income ($111,703/yr), ZIP 28037 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 28037?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,945/mo in ZIP 28037. The local median household income is $111,703/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 28037?

Rent in ZIP 28037 has risen 3.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2022.

How does ZIP 28037 compare to other ZIPs in North Carolina?

ZIP 28037 is one of the pricier among North Carolina ZIP codes for rent, ranking #39 of 230 at $1,945/mo. Over the year to September 2026, rent in ZIP 28037 changed +3.5%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.