ZIP 28208 - 860Z200US28208 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 28208 in Charlotte, North Carolina, as a place to live, invest, or start a business, understanding the local demographics and housing landscape is essential. This snapshot for 2023 offers a clear, data-driven look at the area’s population, income levels, housing costs, and cultural diversity. Whether you’re a homebuyer seeking an affordable neighborhood, an investor analyzing market potential, or a small-business owner scouting locations, these insights can guide your next steps.

Population & Households

ZIP 28208 is home to a population of 38,948 residents, making it a moderately sized community within the Charlotte metro area. These individuals are distributed across 16,057 households, reflecting a mix of family and individual living arrangements. With 17,842 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or renters looking to move in. This balance between population and housing stock suggests a stable residential base, appealing to those who value established communities.

Income & Housing Costs

The median household income in ZIP 28208 stands at $51,339, positioning it as a working-class area with moderate earning potential. For homebuyers and investors, the median house value of $198,300 offers a relatively accessible entry point into the Charlotte housing market, especially compared to pricier nearby ZIP codes. Renters, meanwhile, face a median monthly rent of $1,173, which aligns with the income levels and suggests a manageable cost of living for many residents. These figures highlight ZIP 28208 as a potentially budget-friendly option for those looking to settle or invest in the region.

Race & Ethnicity

The cultural fabric of ZIP 28208 is notably diverse, reflecting a vibrant mix of backgrounds. The racial composition shows that 61.46% of residents identify as Black, making it the predominant demographic group. White residents account for 15.98%, while Hispanic or Latino individuals comprise 14.43% of the population. Additionally, 3.96% of residents identify as Asian, contributing to the area’s multicultural character. This diversity can be a draw for businesses seeking a broad customer base or for families looking for an inclusive community to call home.

Key Facts

• Total population in ZIP 28208: 38,948 residents as of 2023.
• Total households: 16,057, indicating a mix of family and solo living.
• Total housing units: 17,842, with some vacancy for potential buyers or renters.
• Median household income: $51,339, reflecting a working-class community.
• Median house value: $198,300, an accessible price point in Charlotte’s market.
• Median rent: $1,173 per month, aligning with local income levels.
• Racial diversity: 61.46% Black, 15.98% White, 14.43% Hispanic, 3.96% Asian.

What This Means for You

For homebuyers, ZIP 28208 presents an opportunity to purchase at a median value of $198,300, which is competitive within the Charlotte area. The slight surplus of housing units could mean less competition when searching for a property. Investors and real estate agents should note the area’s affordability and diversity, which could drive demand for rental properties, especially with a median rent of $1,173 that fits the income profile of many residents. Small-business owners might find the diverse population of nearly 39,000 a promising market for goods and services tailored to varied cultural needs. Analysts can use these metrics to benchmark ZIP 28208 against neighboring areas, identifying trends in affordability and growth potential. Overall, this ZIP code offers a balanced mix of opportunity and stability for a range of stakeholders.

Run This Study Yourself

• Want to dive deeper into ZIP 28208 or compare it with other areas? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, housing, and income data tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying, investing, or planning a business venture.