ZIP Code · NC

ZIP 28273

Pop. 50,966·Mecklenburg County·131st most expensive ZIP in North Carolina
Median rent (all units)
$1,609/mo
Year-over-Year
+2.0%
Month-over-Month
-0.1%
vs US Median
-$323
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 28273 · $1,609
More affordable than 65% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,297
1 BR
$1,353
2 BR
$1,485
3 BR
$1,827
4 BR+
$2,322
Research median
$1,485/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

February. Asking rents in ZIP 28273 usually run 0.8% below trend in February and 0.6% above it in July, about $23 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 28273 is 0.1% below its high of $1,611 in August 2026, at $1,609 as of September 2026.

Past year vs. the rest of North Carolina

Rent in ZIP 28273 changed +2.0% 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 28273 rose 30.5% while median household income rose 25% ($69,896 to $87,350). Rent outpaced income.

Since before the pandemic

Rent in ZIP 28273 is 31.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($87,350) is $2,184 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,130); a 3-bedroom is $2,620.

Rank in Charlotte

8th cheapest of 23 ZIP codes in Charlotte.

Cheaper nearby

ZIP 28210, 5 miles away, rents for 13% less ($1,406/mo), about $2,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 28273. 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
$19,308/yr
At $1,609/mo median
Location
StateNC
CountyMecklenburg County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+2.0% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 28273 (Charlotte, NC) is roughly split between renters and owners, 38.1% of residents hold a bachelor's degree or higher.

Population
50,966
Median income
$87,350
Median age
33.3
Renters
49.7%
Age distribution
23.8%
29.5%
28.4%
Under 1823.8%
18–3429.5%
35–5428.4%
55–6410.3%
65+8%
Gender
47.1%
52.9%
Male47.1%
Female52.9%
Race & ethnicity
27.6%
37%
25.8%
White27.6%
Black37%
Hispanic25.8%
Asian6.6%
Other3%
Education (25+)
23.8%
26.9%
38.1%
No HS diploma11.1%
HS diploma23.8%
Some college26.9%
Bachelor's+38.1%
Housing tenure
50.3%
49.7%
Owner50.3%
Renter49.7%

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

2021 vs 2026

How ZIP 28273 in Charlotte, NC has changed in 5 years

Rent
$1,310 → $1,609
up 22.8%
Income
$75,126 → $87,350
up 16.3%
Population
44,048 → 50,966
up 15.7%
Renter share
46.9% → 49.7%
+2.8 pts
Bachelor's+
38.3% → 38.1%
-0.2 pts
Median age
32.8 → 33.3
+0.5 yrs

Rent in ZIP 28273 in Charlotte, NC has climbed 22.8% since 2021, going from about $1,310 per month to roughly $1,609 today. Household income in the area moved from $75,126 to $87,350 across the same window, up 16.3% versus 2021. Rent outpaced income growth by roughly 6.5 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 44,048 to 50,966 between 2021 and 2024, a 15.7% change. About 49.7% of households rent today, against 46.9% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 28273 in Charlotte, NC look reasonable against where the market sat half a decade ago.

Community

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About renting in ZIP 28273

Last updated: October 17, 2026

ZIP code 28273 covers Charlotte, NC. The median rent here is $1,609/mo as of October 2026. A 1-bedroom rents for a median of $1,353/mo. A 2-bedroom rents for a median of $1,485/mo.

At 22% of local median household income ($87,350/yr), ZIP 28273 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 28273?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,609/mo in ZIP 28273. The local median household income is $87,350/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 28273?

Rent in ZIP 28273 has risen 2.0% over the past year as of September 2026. It sits 0.1% below its high of $1,611 in August 2026.

When is the cheapest time to rent in ZIP 28273?

Asking rents in ZIP 28273 are usually lowest in February, about 0.8% below their yearly trend, and highest in July, about 0.6% above it. At today's median that is a gap of roughly $23 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 28273?

Yes. From 2019 to 2024, rent in ZIP 28273 rose 30.5% while median household income rose 25%, from $69,896 to $87,350. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 28273 compare to other ZIPs in North Carolina?

ZIP 28273 is in the middle among North Carolina ZIP codes for rent, ranking #131 of 230 at $1,609/mo. Over the year to September 2026, rent in ZIP 28273 changed +2.0%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.

How does ZIP 28273 compare to the rest of Charlotte?

At $1,609/mo, ZIP 28273 is $120 below the Charlotte citywide median of $1,729/mo. It is the 8th cheapest of 23 ZIP codes in Charlotte.
Income Affordability
22%
VERY AFFORDABLE

At $1,609/mo, rent takes ~22% of ZIP 28273's median household income ($87,350/yr). The standard benchmark is 30%.

ZIP 28273 22%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 28273 (Charlotte, NC)

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