ZIP 28202 - 860Z200US28202 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 28202, understanding the local demographics and housing landscape is essential. Located in the heart of Charlotte, North Carolina, this ZIP code offers a dynamic urban environment with a mix of residential and commercial appeal. This article provides a detailed snapshot of key metrics for 2023, including population, income, housing costs, and racial composition. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you make informed decisions about ZIP 28202.

Population & Households

ZIP 28202 is home to a population of 16,855 residents as of 2023. This figure reflects a vibrant, moderately sized community, ideal for those seeking an urban lifestyle with access to city amenities. The area comprises 9,360 households, indicating a strong residential base. Additionally, there are 11,490 total housing units in the area, suggesting a mix of occupied and available properties that could appeal to both buyers and investors looking for opportunities in a growing market.

Income & Housing Costs

Financial metrics in ZIP 28202 paint a picture of a relatively affluent community. The median household income stands at $101,711, which is notably higher than many surrounding areas, reflecting a strong economic base. For housing, the median home value is $425,900, indicating a competitive real estate market that could offer long-term value appreciation for buyers and investors. Renters in the area face a median rent of $1,862 per month, which aligns with the upscale urban setting and suggests a demand for quality rental properties.

Race & Ethnicity

The demographic makeup of ZIP 28202 is diverse, fostering a culturally rich environment. The racial composition includes 52.13% White, 22.99% Black, 7.2% Asian, and 11.76% Hispanic residents. This diversity can be a significant draw for businesses aiming to serve a broad customer base or for families seeking an inclusive community. Understanding this mix is also valuable for investors and analysts assessing market needs and cultural dynamics in the area.

Key Facts

• Total population in ZIP 28202: 16,855 residents.
• Total households: 9,360, supporting a strong residential community.
• Total housing units: 11,490, offering potential for buyers and investors.
• Median household income: $101,711, indicating economic strength.
• Median home value: $425,900, reflecting a competitive market.
• Median rent: $1,862, aligning with an upscale urban lifestyle.
• Racial diversity: 52.13% White, 22.99% Black, 7.2% Asian, 11.76% Hispanic.

What This Means for You

For homebuyers, ZIP 28202 offers a chance to invest in a high-value area with a median home price of $425,900. The strong median income of $101,711 suggests a stable community with potential for property value growth, though the higher cost of living, including a median rent of $1,862, should be factored into budgeting.

For investors and real estate agents, the presence of 11,490 housing units, with only 9,360 currently occupied, points to opportunities for rental properties or flips. The diverse population also means a wide tenant pool, while the median income indicates tenants may afford premium rents.

For small-business owners, the diverse demographic of 16,855 residents offers a varied customer base. The higher income levels suggest disposable income for goods and services, making this an attractive spot for retail, dining, or professional services tailored to an urban, affluent audience.

For analysts, these metrics provide a foundation for deeper market studies, from housing demand to economic trends, in a ZIP code that balances urban density with diversity.

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