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

Metric1-year change5-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.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
28104MatthewsNC$602,069$2,3884.76%21.0+0.6%
27502ApexNC$572,909$2,1264.45%22.5-2.3%
27540Holly SpringsNC$585,915$1,8583.81%26.3-1.1%
27312PittsboroNC$580,041$1,8023.73%26.8+0.4%
27513CaryNC$567,588$1,5573.29%30.4-1.4%
28210CharlotteNC$575,284$1,4973.12%32.0+1.7%
27612RaleighNC$581,074$1,4763.05%32.8+0.8%
27613RaleighNC$601,133$1,3852.76%36.2-0.0%

Top rental yields in all of North Carolina →

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