Location: Charlotte-Concord-Gastonia, NC | Metro: Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,670 |
| 1 Bedroom | $1,740 |
| 2 Bedrooms | $1,890 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,940 |
| 5 Bedrooms | $3,410 |
| 6 Bedrooms | $3,819 |
| 7 Bedrooms | $4,125 |
| 8 Bedrooms | $4,331 |
The analysis of ZIP code 28236 in Charlotte, NC, reveals a mixed market scenario when considering yield and stability.
The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,650, according to HUD. This figure serves as a benchmark for rental income potential. However, the lack of specific market and home value data limits a comprehensive assessment of yield. The available listings on Zillow suggest a range of property values, from a low of $210,000 for a 1-bedroom condo to a high of $2,925,000 for a luxury 4-bedroom condo, indicating varied investment opportunities.
In terms of stability, the absence of specific renter percentage and Days on Market (DOM) data makes it challenging to assess the local rental market's consistency. Income levels are also unspecified, which would typically influence rental demand and payment reliability.
Given the limited data, ZIP 28236 appears to be a moderate-risk investment zone. While the FMR indicates a solid rental income potential, the variability in property values suggests both higher and lower yield opportunities. The lack of detailed market stability indicators means that investors should proceed with caution and conduct thorough due diligence before committing to properties in this area.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.