Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 28031, North Carolina?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 28031, North Carolina (ZIP 28031) is $1,747/month (±$58), based on Census ACS 5-Year estimates (2024). The median home value is $547,400 (±$46,428), and the median household income is $113,368/year. The unemployment rate in Mecklenburg County, North Carolina was 3.6% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 28031
| Metric | Value |
|---|---|
| Median Gross Rent | $1,747 |
| Median Home Value | $547,400 |
| Median Household Income | $113,368 |
| Total Housing Units | 13,425 |
| Renter-Occupied Units | 3,818 |
| Renter-Occupied Share | 28% |
| Households Paying 50%+ Income | 796 households |
| Unemployment Rate(April 2026) | 3.6% |
How does ZIP 28031 compare?
Median gross rent ranked against all ZIP codes in North Carolina.
Higher rent than 96% of ZIP codes in North Carolina · 29th of 690
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 27310 | $3,009 |
| 2 | ZCTA5 28075 | $2,543 |
| 3 | ZCTA5 28480 | $2,336 |
| … 25 more … | ||
| 29 | ZCTA5 28031(you are here) | $1,747 |
| … 658 more … | ||
| 688 | ZCTA5 27869 | $540 |
| 689 | ZCTA5 28624 | $436 |
| 690 | ZCTA5 27843 | $279 |
Geography
ZIP 28031 is in Mecklenburg County, North Carolina.
It covers part of Cornelius town city, North Carolina.
More data for ZCTA5 28031
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Frequently asked questions
What is the average rent in ZCTA5 28031, North Carolina?
The median gross rent in ZCTA5 28031, North Carolina (ZIP 28031) is $1,747/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 28031, North Carolina?
The median rent for a 2-bedroom in ZCTA5 28031, North Carolina is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 28031, North Carolina?
The median home value in ZCTA5 28031, North Carolina (ZIP 28031) is $547,400 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 28031 are rent-burdened?
In ZCTA5 28031, North Carolina, 796 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 28031, North Carolina?
The median household income in ZCTA5 28031, North Carolina is $113,368/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,747 has a margin of error of ±$58. In very small areas, MOEs can be large relative to the estimate.
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