ZIP 28209 - 860Z200US28209 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 28209, located in the heart of Charlotte, North Carolina, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 24,000 and a robust housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s dive into the latest data to help you make informed decisions about living, working, or investing in 28209.

Population & Households

ZIP 28209 is home to 23,945 residents, making it a moderately sized community within the Charlotte metro area. These individuals are distributed across 12,299 households, reflecting a vibrant and active local population. With 13,410 total housing units in the area, there’s a mix of occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market. The ratio of households to population suggests an average household size of about 1.95, pointing to a prevalence of smaller households, possibly young professionals or couples without children.

Income & Housing Costs

Financially, ZIP 28209 stands out with a median household income of $97,762, indicating a relatively affluent community compared to national averages. This income level supports a strong housing market, where the median house value reaches $596,000. For renters, the median rent is $1,606 per month, reflecting the premium cost of living in this desirable area. These figures suggest that 28209 is a high-demand location, likely driven by its proximity to Charlotte’s urban core, amenities, and employment opportunities. For potential buyers or investors, this data underscores the need for substantial financial planning to enter the market.

Race & Ethnicity

The demographic makeup of ZIP 28209 is predominantly White, with 77.63% of the population identifying as such. Hispanic or Latino residents make up 7.86%, while Black or African American residents account for 6.71%, and Asian residents comprise 2.61%. This composition reflects a community with a majority White population but with notable diversity that could influence cultural offerings, local businesses, and community dynamics. For business owners or investors, understanding this mix can help tailor services or marketing strategies to resonate with the local population.

Key Facts

• Total population in ZIP 28209: 23,945 residents.
• Total households: 12,299, with an average size of approximately 1.95 people.
• Total housing units: 13,410, including both occupied and vacant properties.
• Median household income: $97,762, indicating a financially stable community.
• Median house value: $596,000, reflecting a premium real estate market.
• Median rent: $1,606 per month, a significant cost for renters.
• Racial composition: 77.63% White, 7.86% Hispanic, 6.71% Black, 2.61% Asian.

What This Means for You

For homebuyers, ZIP 28209 offers a high-quality lifestyle backed by a strong median income and desirable housing stock, but the median home value of $596,000 means you’ll need a solid budget or financing plan. The smaller average household size suggests a community geared toward singles or small families, which could align with your needs if you’re seeking a quieter, less family-centric area.

For investors and real estate agents, the combination of high home values and a median rent of $1,606 points to potential for strong returns on rental properties or flips, though the initial investment is steep. The presence of vacant housing units among the 13,410 total units could indicate opportunities to acquire properties at a competitive rate if timed correctly.

For small-business owners, the affluent demographic with a median income of $97,762 suggests disposable income for goods and services, particularly in sectors like dining, retail, or professional services. Tailoring offerings to the predominantly White but diverse population can help you connect with the community.

For analysts, the data provides a benchmark to compare 28209 against other Charlotte-area ZIP codes, especially in terms of income disparity, housing affordability, and demographic trends that could influence future growth.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 28209? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to generate a detailed report tailored to your needs, whether you’re buying, investing, or planning a business.
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