ZIP 28216 - 860Z200US28216 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 28216 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, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and racial composition in this dynamic area. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about opportunities in 28216.

Population & Households

ZIP code 28216 is home to a substantial population of 54,052 residents as of 2023. This sizable community is spread across 22,986 households, indicating a vibrant and active area with a mix of family and individual living arrangements. The total number of housing units stands at 24,902, suggesting a slight surplus of available homes or rentals compared to occupied households. This could point to potential opportunities for buyers or investors looking to enter the market in this part of Charlotte.

Income & Housing Costs

The median household income in ZIP 28216 is $64,977, reflecting a moderate earning capacity that supports a diverse range of lifestyles. When it comes to housing, the median home value is $246,100, which offers a relatively accessible entry point for buyers in the Charlotte metro area, where prices can vary widely. For renters, the median rent is $1,464 per month, indicating a significant cost for those not ready to purchase. These figures suggest that while homeownership is within reach for many, renting remains a considerable expense, which could influence decisions for both residents and investors eyeing rental properties.

Race & Ethnicity

The demographic makeup of ZIP 28216 is notably diverse, with a racial composition that reflects a rich cultural tapestry. The largest group is Black or African American at 59.81%, followed by White residents at 20.35%. Hispanic or Latino individuals make up 12.03% of the population, while Asian residents account for 4.69%. This diversity can be a draw for businesses and investors looking to cater to a wide range of cultural needs and preferences, as well as for families seeking a multifaceted community environment.

Key Facts

• Total population in ZIP 28216: 54,052 residents.
• Total households: 22,986, supporting a mix of family and solo living.
• Total housing units: 24,902, with some availability for new occupants.
• Median household income: $64,977, indicating moderate earning power.
• Median home value: $246,100, accessible for many buyers in the region.
• Median rent: $1,464, a notable cost for renters.
• Racial diversity: Predominantly Black (59.81%), with significant White (20.35%) and Hispanic (12.03%) populations.

What This Means for You

For homebuyers, ZIP 28216 offers a promising opportunity with a median home value of $246,100, which is competitive within the Charlotte market. The slight surplus of housing units could mean less competition for available properties, giving you room to negotiate. However, if you’re renting, be prepared for a median cost of $1,464, which may impact your budget planning.

For investors and real estate agents, the combination of a diverse population and a median income of $64,977 suggests a stable tenant base for rental properties. The gap between total housing units and households hints at potential vacancies to fill, whether through rentals or sales. This area’s growth potential could make it a smart long-term investment.

For small-business owners, the diverse demographic profile of 28216 is a significant asset. With over 54,000 residents and a strong Black and Hispanic presence, there’s an opportunity to tailor products or services to specific cultural or community needs, fostering customer loyalty and engagement.

For analysts, these metrics provide a foundation for deeper research into market trends, housing demand, and economic stability in this ZIP code. The data points to a balanced community with room for growth, worth monitoring for shifts in population or income over time.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 28216? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to guide your next home purchase, investment decision, or business strategy with confidence.