Counties / North Carolina / Mecklenburg County

Mecklenburg County, NC

FIPS 37119 · population 1,154,681 · part of Charlotte, NC

$424k
Zillow home value · 2026-06
Direct county rent answer

What does rent cost in Mecklenburg County, NC?

The latest county-level Zillow ZORI is $1,751 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

County Zillow ZORI$1,7512026-06 · up 0.1% year over year
County ACS gross rent$1,627ACS 2024 5-year · occupied-renter survey
HUD two-bedroom FMR$1,686FY2026 · administrative standard
HUD Fair Market Rent by bedroom count in Mecklenburg County
BedroomsHUD monthly FMRGeographyMeasurement boundary
Studio$1,469Mecklenburg County, NCHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
1 bedroom$1,538Mecklenburg County, NCHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
2 bedrooms$1,686Mecklenburg County, NCHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
3 bedrooms$2,076Mecklenburg County, NCHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
4 bedrooms$2,637Mecklenburg County, NCHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.

Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26

The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$424k
▼ 0.7% year over year
Zillow ZHVI · direct
Median asking rent
$1,751
▲ 0.1% year over year
Zillow ZORI · direct
Gross yield
5.0%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,686
market rent is 1.04x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

The annual signals disagree
FHFA five-year cumulative+60.2%not annualized · through 2025
0%ZILLOW ZHVI2026-06−0.7%FHFA HPI2025+2.5%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-08-02.
Owner-reported value$407k
Surveyed gross rent$1,627
Rent burden 30%+49.4%
Median year built1997
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
7.3%vacant
503,071estimated housing units
Occupied tenure44.9% renter
owner 55.1%renter 44.9%
Structure mix63.6% single-family
Single-family 63.6%20+ units 16.4%Mobile home 1.4%Other 18.5%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs791,399▲ 0.4% from the prior annual release
Covered establishments53,727annual average reporting locations
Average weekly wage$1,758▲ 3.8% from the prior annual release
Largest private supersectorTrade, transportation, and utilities22.1% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+0.4%WEEKLY WAGE+3.8%Trade, transportation, and utilities22.1%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

Resident income

How local income has compounded

BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.

Per-capita personal income19692024
Per-capita personal income history for Mecklenburg CountyA line chart of annual BEA per-capita personal income from 1969 through 2024.$0k$45k$90k196919972024$4k$86k
Nominal annual dollars; not adjusted for inflation. A rising line can reflect wage, business-income, transfer-income and investment-income changes together.
Renter affordability

Who carries the heaviest rent burden

HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.

Share of renter households in each income band2018-2022
Renter cost burden by HAMFI income band in Mecklenburg CountyFive horizontal bars show moderate and severe housing cost burden shares among renter households in each HUD income band.0%25%50%75%100%At or below 30% HAMFI32,43578.1% burdened30–50% HAMFI28,41587.2% burdened50–80% HAMFI46,52559.1% burdened80–100% HAMFI22,33523.4% burdenedAbove 100% HAMFI67,3503.5% burdened
Moderate: >30% to 50%Severe: >50%
Each percentage uses HUD’s published subtotal for that income band. For disclosure, HUD keeps 0 as 0, publishes 1–7 households as 4 and rounds 8 or more to the nearest 5. Independently rounded categories can differ from their displayed sum and are not forced into a percentage.
Direct local rental evidence

Recent leases and rental-market liquidity in Mecklenburg County, NC

These Apartment List observations match the exact county Census code 37119. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$1,554$1,457$1,3602021-082026-07
Recent-lease rent$1,3882026-07 · -3.3% year over year
Rental vacancy9.6%2026-07 · +0.7 percentage points year over year
Time on market35 days2026-07 · +3.3 days year over year
County brief

What the local evidence says

01Decision frame

Mecklenburg County presents a split screen: appreciation-led or thin-margin underwriting warrants caution, while operators able to validate asset-level rents, costs and flood exposure have a case to investigate. Zillow’s county median home value in 2026-06 was $424,306, down 0.73% year over year, whereas FHFA’s annual 2025 repeat-transaction HPI rose 2.45%. The HPI is an appreciation index, not a home value; its different method and vintage cannot be averaged with Zillow into one growth rate.

02Housing economics

Measured market rent in the Zillow county observation was $1,751 per month, and the supplied gross yield was 4.95% before costs. HUD’s two-bedroom FMR of $1,686 is a payment standard, not an estimate of asking rent or income; yield should not be rebuilt from it. The effective property-tax rate was 0.71%, with a $2,890 median annual tax. Those county figures frame carrying-cost sensitivity but do not establish a subject property’s tax bill, insurance or net yield. Rent comps and actual operating costs remain necessary.

03Demand & competition

Demand and buyer competition do not resolve that split. Net migration was 3,732 tax-return households, but average AGI for in-movers was below that of out-movers, limiting what inflow alone says about purchasing power. Annual QCEW covered jobs at county workplaces and average covered-worker wage increased; this is not resident employment, unemployment or a forecast. Trade, transportation, and utilities was the largest disclosed private supersector, not the whole economy. Non-occupant purchase mortgages represented 11.78% of purchase mortgages. Realtor.com’s MLS market had active listings up 17.94%, a 51-day median marketing time, and a 22.35% price-reduced share; its lower median listing price is asking-market evidence, not a closed-sale price or proof of buyer demand.

04Risk & next checks

Inland flood is the named dominant hazard, and modeled climate loss equals 0.14% of building value per year. That is a modeled county-level loss ratio, not a parcel flood determination. Vacancy, turnover, operating expenses, insurance premiums, financing terms, closed-sale comps, and parcel flood-zone or elevation data are not published. Their absence prevents a stabilized NOI, debt-service, closing-value, or property-level hazard conclusion; these are the next underwriting checks.

County ZIP rental landscape

How asking rent and renter pressure vary inside Mecklenburg County, NC

This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.

Selected ZIP range$1,337$2,030Zillow asking-rent index
Monthly spread$693highest minus lowest selected ZIP
Observed burden range40.2%61.0%ACS renter households paying 30%+
Renter households covered130,865across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.28277$2,03028215$2,01628216$1,84228205$1,78028269$1,75628208$1,63828273$1,62928217$1,61428213$1,59428262$1,57428210$1,49728212$1,337
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.63.5%57.1%50.6%44.2%37.7%282622820528269282162827728213282082821228273282102821728215Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.28215+116.5%28208+111.4%28205+109.9%28216+103.5%28213+100.9%28269+88.2%28277+87.1%28217+82.3%28210+79.6%28262+79.1%28212+78.6%28273+76.5%
WHAT THE LOCAL DISTRIBUTION SAYS

Within the selected Mecklenburg County ZIP/ZCTA evidence set, Zillow’s June 2026 ZORI—a typical observed asking-rent index—runs from $1,337 in 28212 to $2,030 in 28277, a $693 spread in the selected set. That breadth makes the decision question unit-specific: can currently offered homes with the needed size, location and lease terms fit the household budget, rather than can a ZIP be assigned a canonical rent? The index direction also differs across the shown set, from a 2.25% year-over-year decrease to a 1.97% increase. Those changes describe past ZORI movement and neither forecast a renewal nor quote a particular available property.

Keep Zillow, ACS and HUD in separate lanes. In 28205, the Zillow index is $1,780, while the ACS 2024 five-year estimate of median gross rent is $1,460; ACS is a survey estimate of reported gross rent and not a contemporaneous asking-rent reading. Its HUD two-bedroom FMR is $1,620, an administrative standard for that bedroom size rather than a market listing measure. The ordering can differ in 28273: ZORI is $1,629, ACS median gross rent is $1,729, and HUD FMR is $2,130. Across the selection, ZORI equals 76.5% to 116.5% of the HUD standard, a comparison screen that cannot establish program eligibility, lease pricing or availability.

Budget pressure and vacancy should be read as ACS survey indicators, not as proof of what can be rented now. The reported share of renters spending at least 30% of income on rent ranges from 40.2% to 61.0% in the displayed areas. That wide burden range can coexist with different income, household and rent compositions, so it is not a pass/fail affordability test for an applicant. Estimated vacancy ranges from 4.6% to 10.9%. A higher estimate may indicate more vacant units at the survey reference, but does not demonstrate lower asking rent, a suitable bedroom count, lease concessions or immediate supply. Screen budget and housing needs against active listings before using either measure.

Coverage and geography limit the comparison. The 12 shown ZIP/ZCTA matches come from 29 eligible matches and contain 130,865 renter households in the packet’s ACS estimates, so they are a selected direct-evidence set rather than a countywide or neighborhood inventory. HUD’s residential-address crosswalk assigns each display ZIP to Mecklenburg County by its largest county share; the smallest shown share is 95.7%, so some address connection beyond the county can remain. ZCTAs are Census statistical areas, not USPS delivery ZIPs. For any property, verify the live asking rent, exact bedroom count, unit address, utilities and fees, security deposit, lease term, availability date, condition, and any applicable HUD-program rules before deciding.

Selected ZIP evidence

Keep each source universe visible

29 ZIP profiles passed the county gate; the 12 with the most renter households are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screenHUD county share
28262$1,574$1,569$1,99044.1%9.9%$63k98.9%
28205$1,780$1,460$1,62046.4%6.4%$71k100.0%
28269$1,756$1,710$1,99054.9%5.9%$70k97.1%
28216$1,842$1,560$1,78052.6%6.2%$74k100.0%
28277$2,030$1,882$2,33040.2%4.6%$81k100.0%
28213$1,594$1,444$1,58057.6%10.9%$64k98.6%
28208$1,638$1,244$1,47049.9%10.7%$66k100.0%
28212$1,337$1,362$1,70061.0%8.7%$53k100.0%
28273$1,629$1,729$2,13046.4%5.7%$65k100.0%
28210$1,497$1,554$1,88047.0%6.9%$60k100.0%
28217$1,614$1,594$1,96048.8%9.6%$65k100.0%
28215$2,016$1,449$1,73052.3%6.6%$81k95.7%
READ BEFORE USING

ZCTAs are Census statistical geographies rather than USPS delivery ZIPs, and ZIPs can cross county boundaries. The packet assigns each display ZIP to Mecklenburg County using the largest HUD residential-address share, which does not make every address county-only.

The display is a selected subset of eligible direct-ZORI matches, not every county ZIP or all housing options. Zillow’s index, ACS survey estimates, and HUD FMR have different dates and definitions; none confirms a specific property’s current terms, availability, or program eligibility.

SOURCE LEDGERCensus ACS 5-year — county housing value, tenure and stockACS 2024 5-year · pulled 2026-07-30Census ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD Fair Market Rents — Section 8 standardFY2026 FMR · pulled 2026-07-26HUD-USPS ZIP-to-county residential-address crosswalkHUD-USPS 2026Q1 · pulled 2026-08-09Zillow ZHVI and ZORI — county values and rentscounty ZHVI/ZORI 2026-06 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Cities & communities

Where people live within Mecklenburg County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Charlotte city903.8KConcord city*108.7KHuntersville town64KCornelius town32.8KMatthews town30.6KMint Hill town*27.6KStallings town*16.9KDavidson town*15.7K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

11 Census places

Population
  1. 01
    Charlotte cityIncorporated place
    903,844
  2. 02
    Concord cityIncorporated place · spans 2 counties
    108,719
  3. 03
    Huntersville townIncorporated place
    63,969
  4. 04
    Cornelius townIncorporated place
    32,783
  5. 05
    Matthews townIncorporated place
    30,577
  6. 06
    Mint Hill townIncorporated place · spans 2 counties
    27,556
  7. 07
    Stallings townIncorporated place · spans 2 counties
    16,886
  8. 08
    Davidson townIncorporated place · spans 2 counties
    15,660
  9. 09
    Weddington townIncorporated place · spans 2 counties
    13,805
  10. 10
    Pineville townIncorporated place
    11,055
  11. 11
    Midland townIncorporated place · spans 2 counties
    4,860

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.135% of building value expected lost per year

Effective property tax0.71%

$2,890 median annual bill

02
DemandIRS SOI household flows
Net migration+3,732

42,944 in · 39,212 out

Arriving vs leaving income−$8,008

$81,702 arriving · $89,710 leaving

03
CompetitionHMDA financed purchases
Purchases by investors11.8%

1,828 of 15,524 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings4,251▲ 17.9% year over year
Median days on market51▲ 8.6% year over year
Listings price-reduced22.4%seller-concession signal
Median listing pricen/a▼ 3.9% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Charlotte, NC

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Mecklenburg County1,154,681$424k$1,7515.0%inland flooding
York County293,673$393k$1,6455.0%inland flooding
Union County250,958$456k$2,0945.5%inland flooding
Cabarrus County236,133$390k$1,8295.6%inland flooding
Gaston County234,881$303k$1,6916.7%inland flooding
Iredell County196,544$391k$1,6435.0%inland flooding
Rowan County149,875$282k$1,3455.7%inland flooding
Lancaster County104,475$392k$1,7625.4%inland flooding
Lincoln County92,716$409k$1,5794.6%inland flooding
Bear case

What can break the county thesis

  1. County medians may not represent the subject neighborhood, property type, condition, or tenant base.
  2. Listing-market softening may not translate into closed-sale prices or transaction liquidity.
  3. Parcel flood exposure and insurance costs may differ materially from the county climate-loss model.
Underwriting questions

Before pricing a property

Can HUD FMR be substituted for market rent in yield work?

No. It is a two-bedroom payment standard; published market rent and gross yield are separate measures.

Does FHFA HPI provide a current home value?

No. It is a repeat-transaction appreciation index rather than a dollar home value.

What hazard requires site-level review?

Inland flood; the county modeled climate-loss measure is not parcel-specific.