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Housing market/North Carolina/ZIP 28016

ACS 2023 · FY2027 SAFMR

ZIP 28016 Bessemer City, North Carolina

Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area · North Carolina. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
12,882
Households
5,121
Median HH income
$52,058
Renter share
31.1%
Median gross rent
$880
Vacancy
11.8%
Pop. change
-1.3%
2BR SAFMR
$1,070
SAFMR / rent
1.216×
2–49 unit stock
518
LIHTC proj / units
5 / 230
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 28016 · NC — sent to you.

ZIP 28016 · NC

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ACS rent vs 2BR SAFMR

ZIP 28016 — Bessemer City, NC HUD Section 8 Payment Standards / SAFMR →
ACS median rent$880
2BR SAFMR$1,070
90% floor$963
110% ceiling$1,177

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 28016

  • 1-unit detached4,10470.7%
  • 1-unit attached440.8%
  • 2–4 units3045.2%
  • 5–49 units2143.7%
  • Mobile1,13919.6%
TypeUnitsShare
1-unit detached4,10470.7%
1-unit attached440.8%
2 units (duplex)1492.6%
3–4 units1552.7%
5–9 units841.4%
10–19 units110.2%
20–49 units1192.0%
50+ units00.0%
Mobile1,13919.6%

2–4 unit share 5.2% · 5–49 unit share 3.7% · combined 2–49 8.9%.

Units by bedrooms

Studio
40
1BR
263
2BR
1,799
3BR
2,946
4BR
625
5+
132

Rent burden

Rent ≥30% of income40.1%
Rent ≥50% of income21.3%
  • ACS median gross rent $880 (all bedrooms, occupied rentals).
  • Median contract rent $705.
  • Renters paying ≥30% of income 40.1%; ≥50% 21.3%.
  • FY2027 2BR SAFMR $1,070 (1.216× ACS median gross rent).

Population

12,882 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -1.3%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 5 projects, 230 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 174 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 28016 31.1% of occupied households are renters; vacancy is 11.8%; ACS median gross rent is $880; population changed -1.3% between the 2018 and 2023 ACS vintages; the housing stock includes 304 units in 2–4-unit structures and 214 units in 5–49-unit structures; 5 LIHTC projects totaling 230 units; FY2027 2BR SAFMR is $1,070 versus ACS median gross rent of $880. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

North Carolina research

ZIP 28016 is a Census / HUD profile for Charlotte-Concord-Gastonia, NC-SC, NC. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 28016 — Bessemer City, NC HUD Section 8 Payment Standards / SAFMR·North Carolina ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
28012Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area31.5%$1,288$1,60028025Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area29.2%$1,223$1,52028026Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area——$1,63028027Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area34.2%$1,433$1,79028031Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area27.9%$1,587$2,00028032Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area24.3%$1,016$1,29028035Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area——$1,89028052Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area47.2%$1,058$1,30028053Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area——$1,35028054Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area53.2%$1,150$1,52028055Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area——$1,35028056Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area20.7%$1,097$1,390

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is North Carolina research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 28016?

ZIP 28016 (Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area) has 12,882 residents, 5,121 households, a renter share of 31.1%, median household income of $52,058, and ACS 2023 median gross rent of $880. Vacancy is 11.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 28016?

ACS counts 149 units in 2-unit buildings, 155 in 3–4 unit buildings, 84 in 5–9, 11 in 10–19, and 119 in 20–49. Combined 2–49 unit stock is 518 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 28016?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,070. See the full schedule and 90–110% payment-standard band on the ZIP 28016 — Bessemer City, NC HUD Section 8 Payment Standards / SAFMR.

Does this North Carolina ZIP profile include Georgia listings?

No. ZIP 28016 is Census / HUD research for Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area. Jeff Crowe CRE does not list North Carolina property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.