Market Snapshot
- Median listing price
- $347K
- Median rent
- $1,690/mo
- Days on market
- 227 days
- Gross rental yield
- 5.84%
- STR vs LTR
- $1,661/mo STR · $1,690/mo LTR
The median listing price in Charlotte, NC ZIP 28216 is $347,250 as of June 2026.
The median market rent in Charlotte, NC ZIP 28216 is $1,690/month as of June 2026.
The median days on market in Charlotte, NC ZIP 28216 is 227 days as of June 2026. The market is currently neutral.
At a median list price of $347,250 and a median rent of $1,690/month, the gross rental yield in Charlotte, NC ZIP 28216 is 5.84% as of June 2026.
In Charlotte, NC ZIP 28216, median Airbnb revenue is $1,661/month compared to median long-term rent of $1,690/month as of June 2026.
Charlotte, NC 28216 Real Estate Market Report
ZIP Code: 28216
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Key Findings
- $319,900 median sold price is the primary indicator of recent market value and suggests transaction prices are moderating in the neighborhood, with overall pricing trends reported as up.
- $347,250 median listing price sits above the median sold price, which may indicate pricing friction between seller expectations and recent transaction levels and suggests sellers may need to adjust to realize sales.
- 227 median days on market points to slower sales velocity and reduced transaction turnover, which—combined with a reported neutral market temperature—appears consistent with a balanced market rather than a clear seller or buyer advantage.
- $1,690 median market rent is trending down, while interest rate pressure is reported as moderate, a combination that may temper investor appetite and suggests monitoring rent trends before making acquisition decisions.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.50% rate, 0.7% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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