Market Snapshot
- Median listing price
- $585K
- Median rent
- $2,190/mo
- Days on market
- 170 days
- Gross rental yield
- 4.50%
- STR vs LTR
- $1,978/mo STR · $2,190/mo LTR
The median listing price in Charlotte, NC ZIP 28278 is $584,500 as of June 2026.
The median market rent in Charlotte, NC ZIP 28278 is $2,190/month as of June 2026.
The median days on market in Charlotte, NC ZIP 28278 is 170 days as of June 2026. The market is currently neutral.
At a median list price of $584,500 and a median rent of $2,190/month, the gross rental yield in Charlotte, NC ZIP 28278 is 4.50% as of June 2026.
In Charlotte, NC ZIP 28278, median Airbnb revenue is $1,978/month compared to median long-term rent of $2,190/month as of June 2026.
Charlotte, NC 28278 Real Estate Market Report
ZIP Code: 28278
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
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
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.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in Charlotte, NC 28278 average 6.56%, reflecting the prevailing market environment for loans originated in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- 494,500 is the primary indicator of market value based on recent transactions, and the gap between the median sold price and the 584,500 median listing price suggests seller expectations exceed realized sale prices, which may indicate pricing friction that sellers should address when setting offers.
- 170 median days on market points to slower sales velocity in the sample and, combined with elevated inventory relative to sales activity, suggests liquidity is moderate rather than tight—agents should plan for longer listing periods and staged pricing/marketing to accelerate offers (caution).
- 205 median price per square foot alongside a 2,190 median market rent shows the local SFR/condo pricing context for investors and owners, and with both price and rent trends marked up it signals ongoing appreciation pressure that may support holding strategies for income-producing assets.
- 6.56% current 30-year fixed mortgage rates and the reported elevated interest rate pressure may constrain buyer purchasing power and could temper near-term demand; factor financing cost sensitivity into pricing and negotiation strategies.
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.
Below-market acquisition. Investor purchase with value-add potential through renovation.
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, 6.53% 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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