ZIP 28203 — Charlotte, NC: rental yield & market data
Gross rental yield of 3.58% — ranked #232 of 255 North Carolina ZIP codes. June 2026 data.
Gross rental yield
3.58%
Home value
$688,362
Market rent / mo
$2,056
Price-to-rent
27.9
Trend
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +0.6% | +19.8% |
| Market rent | +2.3% | +22.9% |
Metro: Charlotte-Concord-Gastonia, NC-SC · County: Mecklenburg County · Annual rent: $24,672
Comparable ZIP codes in North Carolina
Similar home values, sorted by yield — the cheapest way to see if 28203 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 28173 | Waxhaw | NC | $708,526 | $2,433 | 4.12% | 24.3 | +0.5% |
| 27562 | New Hill | NC | $691,244 | $2,362 | 4.10% | 24.4 | -1.8% |
| 27519 | Cary | NC | $709,856 | $2,040 | 3.45% | 29.0 | -2.8% |
| 28226 | Charlotte | NC | $685,960 | $1,708 | 2.99% | 33.5 | +2.7% |
| 27517 | Chapel Hill | NC | $684,698 | $1,700 | 2.98% | 33.6 | +0.2% |
| 28209 | Charlotte | NC | $679,421 | $1,634 | 2.89% | 34.7 | +3.9% |
| 28270 | Charlotte | NC | $691,943 | $1,624 | 2.82% | 35.5 | +2.0% |
| 27614 | Raleigh | NC | $691,589 | $1,579 | 2.74% | 36.5 | -0.1% |
Top rental yields in all of North Carolina →
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