ZIP 28205 - 860Z200US28205 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 28205, located in the Charlotte, North Carolina area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a diverse population, a range of income levels, and a dynamic housing market, this area presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the latest data to help you make informed decisions about ZIP 28205.

Population & Households

ZIP 28205 is home to a vibrant community of 51,297 residents as of 2023. This sizable population supports a bustling local economy and a variety of housing needs. The area comprises 22,820 households, reflecting a mix of family structures, singles, and professionals. With 24,605 total housing units, there’s a notable balance between occupied and available properties, which could signal opportunities for buyers or investors looking to enter this market.

Income & Housing Costs

The median household income in ZIP 28205 stands at $72,479, indicating a community with moderate to strong earning potential. This income level supports a housing market where the median house value is $410,800—a figure that suggests a competitive yet accessible market for many buyers. For renters, the median rent is $1,376 per month, reflecting a significant cost that may influence decisions for those weighing renting versus buying. These metrics highlight ZIP 28205 as a location with a solid economic foundation, appealing to a range of budgets and investment strategies.

Race & Ethnicity

ZIP 28205 boasts a diverse cultural makeup, which adds to its appeal for residents and businesses seeking an inclusive environment. The racial and ethnic composition includes 44.92% White, 24.41% Black, 4.9% Asian, and 21.63% Hispanic residents. This diversity fosters a rich community dynamic, offering opportunities for cultural engagement and a broad customer base for local businesses. For investors and entrepreneurs, this mix can translate into varied market needs and potential for niche services or products.

Key Facts

• Total population: 51,297 residents in 2023, indicating a robust community.
• Total households: 22,820, reflecting a mix of living arrangements.
• Total housing units: 24,605, suggesting availability for new residents or investors.
• Median household income: $72,479, supporting a stable local economy.
• Median house value: $410,800, positioning ZIP 28205 as a competitive housing market.
• Median rent: $1,376, a notable cost for renters in the area.
• Diverse demographics: 44.92% White, 24.41% Black, 4.9% Asian, and 21.63% Hispanic.

What This Means for You

For homebuyers, ZIP 28205 offers a competitive housing market with a median value of $410,800, which could be a smart entry point in a growing Charlotte-area neighborhood. The diversity and population size suggest a lively community with access to varied amenities and social networks. However, with a median rent of $1,376, potential buyers should weigh the long-term benefits of ownership against rental costs.

For investors and real estate agents, the presence of 24,605 housing units, with some likely available, points to potential for rental properties or flips. The median income of $72,479 indicates residents have purchasing power, which could support higher rental yields or property appreciation over time.

For small-business owners, the diverse demographic makeup and sizable population of 51,297 create a broad customer base. Whether you’re opening a retail shop, restaurant, or service-based business, the cultural variety in ZIP 28205 allows for targeted offerings that cater to specific community needs.

For analysts, these metrics provide a foundation for deeper market studies, whether you’re assessing housing trends, economic stability, or demographic shifts. The balance of income, housing costs, and diversity offers a compelling case study for urban growth patterns.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 28205? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more—tailored to your needs.
• Use the insights to inform your next home purchase, investment decision, or business strategy with confidence.