ZIP Code · NC

ZIP 28207

Part of Charlotte, NC

Pop. 9,527·Mecklenburg County·3rd most expensive ZIP in North Carolina

Median rent (all units)

$2,411/mo

Year-over-Year

+5.0%

Month-over-Month

-0.4%

vs US Median

+$479

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 28207 · $2,411

More expensive than 77% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,600

1 BR

$1,680

2 BR

$1,840

3 BR

$2,270

4 BR+

$2,880

Research median

$1,840/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

Compared with the peak

Rent in ZIP 28207 is 0.6% below its high of $2,425 in July 2026, at $2,411 as of September 2026.

Past year vs. the rest of North Carolina

Rent in ZIP 28207 changed +5.0% 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 fallen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($217,204) is $5,430 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,880).

Rank in Charlotte

23rd cheapest of 23 ZIP codes in Charlotte.

Cheaper nearby

ZIP 28204, 1 mile away, rents for 31% less ($1,671/mo), about $8,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 28207. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$28,932/yr

At $2,411/mo median

Location

CityCharlotte

StateNC

CountyMecklenburg County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.0% YoY, -0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 28207 (Charlotte, NC) is majority owner-occupied, has a median income above the national average, 86.7% of residents hold a bachelor's degree or higher.

Population

9,527

Median income

$217,204

Median age

46.9

Renters

16.1%

Age distribution

20.8%

14%

25.2%

21.5%

18.6%

Under 1820.8%

18–3414%

35–5425.2%

55–6421.5%

65+18.6%

Gender

47.2%

52.8%

Male47.2%

Female52.8%

Race & ethnicity

90.8%

White90.8%

Black1.2%

Hispanic4%

Asian2.5%

Other1.5%

Education (25+)

86.7%

No HS diploma1.8%

HS diploma3.4%

Some college8.1%

Bachelor's+86.7%

Housing tenure

83.9%

16.1%

Owner83.9%

Renter16.1%

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

2023 vs 2026

How ZIP 28207 in Charlotte, NC has changed in 5 years

Rent

$1,971 → $2,411

up 22.3%

Income

$192,500 → $217,204

up 12.8%

Population

9,733 → 9,527

down 2.1%

Renter share

18.1% → 16.1%

-2.0 pts

Bachelor's+

87.3% → 86.7%

-0.6 pts

Median age

45.4 → 46.9

+1.5 yrs

Five years ago, renters in ZIP 28207 in Charlotte, NC paid around $1,971 a month. That figure now sits near $2,411, up 22.3% from the 2023 baseline. Household income in the area moved from $192,500 to $217,204 across the same window, up 12.8% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 28207 in Charlotte, NC losing about 206 residents over the five-year window, down 2.1% on net. The renter share has eased from 18.1% to 16.1%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in ZIP 28207 in Charlotte, NC look reasonable against where the market sat half a decade ago.

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About renting in ZIP 28207

Last updated: October 17, 2026

ZIP code 28207 covers Charlotte, NC. The median rent here is $2,411/mo as of October 2026. A 1-bedroom rents for a median of $1,680/mo. A 2-bedroom rents for a median of $1,840/mo.

At 13% of local median household income ($217,204/yr), ZIP 28207 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 28207?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (about $46/hour full-time) to afford the median rent of $2,411/mo in ZIP 28207. The local median household income is $217,204/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 28207?

Rent in ZIP 28207 has risen 5.0% over the past year as of September 2026. It sits 0.6% below its high of $2,425 in July 2026.

How does ZIP 28207 compare to other ZIPs in North Carolina?

ZIP 28207 is one of the pricier among North Carolina ZIP codes for rent, ranking #3 of 230 at $2,411/mo. Over the year to September 2026, rent in ZIP 28207 changed +5.0%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.