ZIP 28227 - 860Z200US28227 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 28227, located in the Charlotte, North Carolina area, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 60,000 and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the key metrics—population, income, housing costs, and more—to help you make informed decisions about this vibrant ZIP code.

Population & Households

ZIP 28227 is home to a substantial population of 60,162 residents, making it a bustling and active community. These individuals are distributed across 21,806 households, reflecting a mix of family structures and living arrangements. With 23,179 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable residential environment with room for growth, ideal for those seeking a dynamic yet manageable place to live or work.

Income & Housing Costs

The financial landscape of ZIP 28227 shows a median household income of $75,322, positioning it as a relatively comfortable area for middle-income families and individuals. When it comes to housing, the median home value stands at $313,900, reflecting a solid real estate market that could appeal to buyers and investors alike. For renters, the median rent is $1,412 per month, which aligns with the income levels and suggests a balanced cost of living for those not ready to buy. These figures highlight an area with economic stability, offering opportunities for both homeownership and rental investments.

Race & Ethnicity

ZIP 28227 boasts a diverse population, which adds to its cultural richness and appeal for a wide range of residents and businesses. The racial composition includes 43.44% White, 28.96% Black, 4.55% Asian, and 19.4% Hispanic residents. This diversity creates a welcoming environment for families and entrepreneurs who value inclusivity and varied perspectives. For businesses, this mix can translate into a broad customer base with unique needs and preferences, while homebuyers may appreciate the multicultural community vibe.

Key Facts

• Total population in ZIP 28227: 60,162 residents, indicating a sizable community.
• Total households: 21,806, showing a strong base of family and individual units.
• Total housing units: 23,179, suggesting potential availability for new residents or investors.
• Median household income: $75,322, reflecting a stable economic environment.
• Median home value: $313,900, a competitive price point in the Charlotte area.
• Median rent: $1,412, offering a reasonable option for non-buyers.
• Diverse demographics: 43.44% White, 28.96% Black, 4.55% Asian, and 19.4% Hispanic.

What This Means for You

For homebuyers, ZIP 28227 offers a promising mix of affordability and value with a median home price of $313,900, paired with a median income that supports a comfortable lifestyle. The slight surplus of housing units could mean less competition when searching for your ideal home. Investors and real estate agents will find potential in the stable home values and rental rates, with a median rent of $1,412 providing a steady income stream for rental properties. The diverse population also suggests a resilient market with varied demand. Small-business owners can leverage the area’s 60,162 residents and cultural diversity to target a wide customer base, whether opening a retail store, restaurant, or service-based business. Analysts can use these metrics to identify trends in housing and demographic shifts, aiding in long-term planning and market studies. This ZIP code presents a balanced opportunity for growth and community engagement across multiple sectors.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 28227? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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• Use the data to make informed decisions for your next home purchase, investment, or business venture with confidence.