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Housing market/North Carolina/ZIP 28110

ACS 2023 · FY2027 SAFMR

ZIP 28110 Monroe, 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
55,807
Households
18,785
Median HH income
$81,221
Renter share
24.6%
Median gross rent
$1,313
Vacancy
7.2%
Pop. change
+4.3%
2BR SAFMR
$1,620
SAFMR / rent
1.234×
2–49 unit stock
1,587
LIHTC proj / units
3 / 99
HUD assisted MF
2 / 95

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 28110 · NC — sent to you.

ZIP 28110 · NC

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ACS rent vs 2BR SAFMR

ZIP 28110 — Monroe, NC HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,313
2BR SAFMR$1,620
90% floor$1,458
110% ceiling$1,782

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

Housing stock

ACS 2023 units-in-structure · ZCTA 28110

  • 1-unit detached16,32280.7%
  • 1-unit attached6283.1%
  • 2–4 units5882.9%
  • 5–49 units9994.9%
  • 50+ units730.4%
  • Mobile1,6268.0%
TypeUnitsShare
1-unit detached16,32280.7%
1-unit attached6283.1%
2 units (duplex)2521.2%
3–4 units3361.7%
5–9 units4862.4%
10–19 units4692.3%
20–49 units440.2%
50+ units730.4%
Mobile1,6268.0%

2–4 unit share 2.9% · 5–49 unit share 4.9% · combined 2–49 7.8%.

Units by bedrooms

Studio
345
1BR
592
2BR
2,912
3BR
11,290
4BR
3,808
5+
1,289

Rent burden

Rent ≥30% of income41.0%
Rent ≥50% of income18.6%
  • ACS median gross rent $1,313 (all bedrooms, occupied rentals).
  • Median contract rent $1,068.
  • Renters paying ≥30% of income 41.0%; ≥50% 18.6%.
  • FY2027 2BR SAFMR $1,620 (1.234× ACS median gross rent).

Population

55,807 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +4.3%.

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

Assisted inventory

  • LIHTC: 3 projects, 99 units.
  • HUD project-based assisted MF: 2 properties, 95 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 320 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 28110 24.6% of occupied households are renters; vacancy is 7.2%; ACS median gross rent is $1,313; population increased +4.3% between the 2018 and 2023 ACS vintages; the housing stock includes 588 units in 2–4-unit structures and 999 units in 5–49-unit structures; 3 LIHTC projects totaling 99 units; FY2027 2BR SAFMR is $1,620 versus ACS median gross rent of $1,313. 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 28110 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 28110 — Monroe, 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$1,60028016Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area31.1%$880$1,07028025Charlotte-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——$1,350

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 28110?

ZIP 28110 (Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area) has 55,807 residents, 18,785 households, a renter share of 24.6%, median household income of $81,221, and ACS 2023 median gross rent of $1,313. Vacancy is 7.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 28110?

ACS counts 252 units in 2-unit buildings, 336 in 3–4 unit buildings, 486 in 5–9, 469 in 10–19, and 44 in 20–49. Combined 2–49 unit stock is 1,587 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 28110?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,620. See the full schedule and 90–110% payment-standard band on the ZIP 28110 — Monroe, NC HUD Section 8 Payment Standards / SAFMR.

Does this North Carolina ZIP profile include Georgia listings?

No. ZIP 28110 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.