ZIP Code · NC

ZIP 28732

Part of Fletcher, NC

Pop. 19,279·Henderson County·14th most expensive ZIP in North Carolina

Median rent (all units)

$2,132/mo

Year-over-Year

Stable

Month-over-Month

+2.5%

vs US Median

+$200

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 28732 · $2,132

More expensive than 68% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,240

1 BR

$1,450

2 BR

$1,590

3 BR

$1,930

4 BR+

$2,670

Research median

$1,590/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

What a typical income covers

30% of the median household income ($81,852) is $2,046 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,930); a 4-bedroom is $2,670.

Cheaper nearby

ZIP 28792, 6 miles away, rents for 24% less ($1,621/mo), about $6,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 28732. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,584/yr

At $2,132/mo median

Location

CityFletcher

StateNC

CountyHenderson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +2.5% MoM), not inventory.

Demographics

Who lives here

ZIP 28732 (Fletcher, NC) is majority owner-occupied, has a large retiree population, 41.4% of residents hold a bachelor's degree or higher.

Population

19,279

Median income

$81,852

Median age

42.1

Renters

16.6%

Age distribution

21.1%

17.9%

27.5%

13.3%

20.1%

Under 1821.1%

18–3417.9%

35–5427.5%

55–6413.3%

65+20.1%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

84.4%

White84.4%

Black1.8%

Hispanic9.3%

Asian1.7%

Other2.8%

Education (25+)

23.2%

28.9%

41.4%

No HS diploma6.5%

HS diploma23.2%

Some college28.9%

Bachelor's+41.4%

Housing tenure

83.4%

16.6%

Owner83.4%

Renter16.6%

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

2021 vs 2026

How ZIP 28732 in Fletcher, NC has changed in 5 years

Income

$67,167 → $81,852

up 21.9%

Population

18,275 → 19,279

up 5.5%

Renter share

16% → 16.6%

+0.6 pts

Bachelor's+

38.2% → 41.4%

+3.2 pts

Median age

42.8 → 42.1

-0.7 yrs

Census figures show median household income at $81,852 today, compared with $67,167 five years earlier. Headcount in the area went from 18,275 to 19,279 between 2021 and 2024, a 5.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 38.2% to 41.4%.

Community

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Local insights

Tips for renters in ZIP 28732

About renting in ZIP 28732

Last updated: October 17, 2026

ZIP code 28732 covers Fletcher, NC. The median rent here is $2,132/mo as of October 2026. A 1-bedroom rents for a median of $1,450/mo. A 2-bedroom rents for a median of $1,590/mo.

At 31% of local median household income ($81,852/yr), ZIP 28732 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 28732?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (about $41/hour full-time) to afford the median rent of $2,132/mo in ZIP 28732. The local median household income is $81,852/yr, so the typical household falls short of that bar.