ZIP Code · NC

ZIP 28262

Pop. 50,003·Mecklenburg County·162nd most expensive ZIP in North Carolina
Median rent (all units)
$1,512/mo
Year-over-Year
-1.9%
Month-over-Month
-0.7%
vs US Median
-$420
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 28262 · $1,512
More affordable than 72% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,213
1 BR
$1,276
2 BR
$1,395
3 BR
$1,717
4 BR+
$2,180
Research median
$1,395/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

Cheapest month to sign

January. Asking rents in ZIP 28262 usually run 1.2% below trend in January and 1.6% above it in August, about $42 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 28262 is 3.2% below its high of $1,562 in March 2023, at $1,512 as of September 2026.

Past year vs. the rest of North Carolina

Rent in ZIP 28262 changed -1.9% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 28262 rose 35% while median household income rose 28.5% ($53,859 to $69,231). Rent outpaced income.

Since before the pandemic

Rent in ZIP 28262 is 29% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 3 months in a row, and rose in 3 of the last 12 months.

What a typical income covers

30% of the median household income ($69,231) is $1,731 a month. That covers HUD's Fair Market Rent for up to a studio ($1,730); a 1-bedroom is $1,820.

Rank in Charlotte

3rd cheapest of 23 ZIP codes in Charlotte.

Cheaper nearby

ZIP 28212, 9 miles away, rents for 11% less ($1,340/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 28262. 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.

Annual cost
$18,144/yr
At $1,512/mo median
Location
StateNC
CountyMecklenburg County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.9% YoY, -0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 28262 (Charlotte, NC) is majority renter-occupied, skews toward younger working-age adults, 46.2% of residents hold a bachelor's degree or higher.

Population
50,003
Median income
$69,231
Median age
29.5
Renters
71.7%
Age distribution
20.3%
42.2%
23.3%
Under 1820.3%
18–3442.2%
35–5423.3%
55–647.7%
65+6.6%
Gender
46.7%
53.3%
Male46.7%
Female53.3%
Race & ethnicity
24.4%
50.1%
13.2%
White24.4%
Black50.1%
Hispanic10.1%
Asian13.2%
Other2.2%
Education (25+)
14%
33%
46.2%
No HS diploma6.8%
HS diploma14%
Some college33%
Bachelor's+46.2%
Housing tenure
28.3%
71.7%
Owner28.3%
Renter71.7%

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

2021 vs 2026

How ZIP 28262 in Charlotte, NC has changed in 5 years

Rent
$1,268 → $1,512
up 19.2%
Income
$59,021 → $69,231
up 17.3%
Population
43,664 → 50,003
up 14.5%
Renter share
66.6% → 71.7%
+5.1 pts
Bachelor's+
48.3% → 46.2%
-2.1 pts
Median age
30.1 → 29.5
-0.6 yrs

Across the past five years, the going rent in ZIP 28262 in Charlotte, NC has shifted from $1,268 to $1,512, up 19.2% since 2021. Census figures show median household income at $69,231 today, compared with $59,021 five years earlier. Census counts show ZIP 28262 in Charlotte, NC adding about 6,339 residents over the five-year window, up 14.5% on net. The renter share has risen from 66.6% to 71.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 48.3% to 46.2% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 28262

Last updated: October 17, 2026

ZIP code 28262 covers Charlotte, NC. The median rent here is $1,512/mo as of October 2026. A 1-bedroom rents for a median of $1,276/mo. A 2-bedroom rents for a median of $1,395/mo.

At 26% of local median household income ($69,231/yr), ZIP 28262 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 28262?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (about $29/hour full-time) to afford the median rent of $1,512/mo in ZIP 28262. The local median household income is $69,231/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 28262?

Rent in ZIP 28262 has fallen 1.9% over the past year as of September 2026. It sits 3.2% below its high of $1,562 in March 2023.

When is the cheapest time to rent in ZIP 28262?

Asking rents in ZIP 28262 are usually lowest in January, about 1.2% below their yearly trend, and highest in August, about 1.6% above it. At today's median that is a gap of roughly $42 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 28262?

Yes. From 2019 to 2024, rent in ZIP 28262 rose 35% while median household income rose 28.5%, from $53,859 to $69,231. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 28262 compare to other ZIPs in North Carolina?

ZIP 28262 is one of the more affordable among North Carolina ZIP codes for rent, ranking #162 of 230 at $1,512/mo. Over the year to September 2026, rent in ZIP 28262 changed -1.9%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.

How does ZIP 28262 compare to the rest of Charlotte?

At $1,512/mo, ZIP 28262 is $217 below the Charlotte citywide median of $1,729/mo. It is the 3rd cheapest of 23 ZIP codes in Charlotte.
Income Affordability
26%
AFFORDABLE

At $1,512/mo, rent takes ~26% of ZIP 28262's median household income ($69,231/yr). The standard benchmark is 30%.

ZIP 28262 26%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 28262 (Charlotte, NC)

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