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City

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City

State

City

ZIP codes

Charlotte, NC · 28224

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $87K, +3.9% YoY (county); renters hold 44.9% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

466,527

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 503,071

503Kunits

Occupied466,52792.7%

Vacant36,5447.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 466,527

467Koccupied

Owner257,16755.1%

Renter209,36044.9%

Renter Share

44.9%+0.9% YoY

Total Housing Units

503,071+2.3% YoY

FY2026 Fair Market Rent

CountyMecklenburg County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,469

/month

1 BR

$1,538

/month

2 BR

$1,686

/month

3 BR

$2,076

/month

4 BR

$2,637

/month

FMR trends · Mecklenburg County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 2.1% to 1,154,681: residents under 18 are up 1.1% and those 65 and over are up 4.3%.

Median Age

35.52024

Population

Mecklenburg County Population

1,206,285+2.6% YoY

Households

Total Households

466,527+2.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.44-0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,154,681

1.2Mresidents

Under 18263,73322.8%

Adults 18–64753,04365.2%

65 & Over137,90511.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

263,733+1.1% YoY

Population 65 & Over

137,905+4.3% YoY

Median Age

35.50+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.5%

Moved (within US)14.4%

Other1.1%

Veterans

5.0%-5.7% YoY

County Economy

County median household income is $87K, 10.4% of residents are below the poverty level, 28.5% work from home.

Income

Median Household Income

$87K+3.9% YoY

Per-Capita Income

$53K+3.5% YoY

Mean Household Income

$129K+3.3% YoY

Poverty

Below Poverty Level

10.4%0.0% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone58.6%

Public transit1.7%

Worked from home28.5%

Other11.2%

Worked From Home

28.5%+11.8% YoY

Mean Commute

25.10-1.2% YoY

Done with 28224? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Charlotte, NC · 28224

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $87K, +3.9% YoY (county); renters hold 44.9% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

466,527

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 503,071

503Kunits

Occupied466,52792.7%

Vacant36,5447.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 466,527

467Koccupied

Owner257,16755.1%

Renter209,36044.9%

Renter Share

44.9%+0.9% YoY

Total Housing Units

503,071+2.3% YoY

FY2026 Fair Market Rent

CountyMecklenburg County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,469

/month

1 BR

$1,538

/month

2 BR

$1,686

/month

3 BR

$2,076

/month

4 BR

$2,637

/month

FMR trends · Mecklenburg County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 2.1% to 1,154,681: residents under 18 are up 1.1% and those 65 and over are up 4.3%.

Median Age

35.52024

Population

Mecklenburg County Population

1,206,285+2.6% YoY

Households

Total Households

466,527+2.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.44-0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,154,681

1.2Mresidents

Under 18263,73322.8%

Adults 18–64753,04365.2%

65 & Over137,90511.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

263,733+1.1% YoY

Population 65 & Over

137,905+4.3% YoY

Median Age

35.50+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.5%

Moved (within US)14.4%

Other1.1%

Veterans

5.0%-5.7% YoY

County Economy

County median household income is $87K, 10.4% of residents are below the poverty level, 28.5% work from home.

Income

Median Household Income

$87K+3.9% YoY

Per-Capita Income

$53K+3.5% YoY

Mean Household Income

$129K+3.3% YoY

Poverty

Below Poverty Level

10.4%0.0% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone58.6%

Public transit1.7%

Worked from home28.5%

Other11.2%

Worked From Home

28.5%+11.8% YoY

Mean Commute

25.10-1.2% YoY

Done with 28224? Put it next to another market.