ZIP 28204 — Charlotte, NC: rental yield & market data
Gross rental yield of 3.34% — ranked #237 of 255 North Carolina ZIP codes. June 2026 data.
Gross rental yield
3.34%
Home value
$584,545
Market rent / mo
$1,629
Price-to-rent
29.9
Trend
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -0.2% | +18.0% |
| Market rent | -1.2% | +15.5% |
Metro: Charlotte-Concord-Gastonia, NC-SC · County: Mecklenburg County · Annual rent: $19,548
Comparable ZIP codes in North Carolina
Similar home values, sorted by yield — the cheapest way to see if 28204 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 28104 | Matthews | NC | $602,069 | $2,388 | 4.76% | 21.0 | +0.6% |
| 27502 | Apex | NC | $572,909 | $2,126 | 4.45% | 22.5 | -2.3% |
| 27540 | Holly Springs | NC | $585,915 | $1,858 | 3.81% | 26.3 | -1.1% |
| 27312 | Pittsboro | NC | $580,041 | $1,802 | 3.73% | 26.8 | +0.4% |
| 27513 | Cary | NC | $567,588 | $1,557 | 3.29% | 30.4 | -1.4% |
| 28210 | Charlotte | NC | $575,284 | $1,497 | 3.12% | 32.0 | +1.7% |
| 27612 | Raleigh | NC | $581,074 | $1,476 | 3.05% | 32.8 | +0.8% |
| 27613 | Raleigh | NC | $601,133 | $1,385 | 2.76% | 36.2 | -0.0% |
Top rental yields in all of North Carolina →
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