ZIP Code Market Report · Updated May 2026
Is 28201 a Buyer's
or Seller's Market?
📍 Charlotte, North Carolina · NC
76
🟡 WARM
Balanced market
16 days avg on market · Tax rate: 0.87%/yr
Mortgage Breakdown — 28201
Median Price$390,000
20% Down$78,000
Loan Amount$312,000
Rate (~6.7%)$2,013/mo P&I
Property Tax$282/mo
Total PITI$2,457/mo
Income Needed$81,900/yr
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
21.9%
of FHA applications denied in Charlotte-Concord-Gastonia, NC-SC, 2025 · national 22.1%
MOVEMENT MORTGAGE, LLC
3.4% FREEDOM MORTGAGE CORPORATION
15.7% United Wholesale Mortgage
21.6% A 28.5-point spread between the busiest FHA lenders in this metro.
Loans under $150K denied at 45.4% versus 18.8% above $250K.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
Get the Dispatch →