28204, Charlotte, NC

Home Equity and Home Prices in the 28204 Zip Code of Charlotte, NC

The 28204 zip code of Charlotte, NC has a median home value of $225,000. This is higher than the national median home value of $177,500. The highest home values are found in affluent neighborhoods such as Myers Park and Dilworth. In contrast, some lower-income neighborhoods have relatively low home values. For example, the zip code has a poverty rate of 26%.

There are a number of factors that contribute to the high home values in this zip code. First and foremost is the strong economy. The area has seen steady job growth over the past few years, which has led to an increase in household income and consequently an increase in house prices. Second is the availability of quality housing stock. There are not many areas in Charlotte where you can buy a house for under $200,000 - which is why prices here tend to be higher than elsewhere. Finally, there is a lot of demand for homes in this area - both from people who want to live here permanently and from people who are looking to invest money into property (either through buying or renting). All these factors together make it very likely that you will be able to find a house that you can afford if you're looking in this zip code.