HousingHandbookReference data

U.S. ZIP Code · VA23970

Mecklenburg County

Typical home value

$204,278[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
0.0%
5-year / yr
+7.1%
10-year / yr
+6.3%

Relative price

vs U.S.
-28.1%
vs metro
vs state
-37.8%
ZIP 23970 location in VA
Location of ZIP 23970 in VA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 23970 is worth $204,278. Over the past year, values have risen 0.0%. Homes here rent for a typical $1,425 a month — a 8.4% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,425[2]
Gross yield
8.4%[2]
Cap rate
5.0%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$1,354[3]

#Climate risk

FEMA National Risk Index ratings for Mecklenburg County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively High
Heat wave
Relatively Low
Hurricane
Relatively Moderate
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
8,109[3]
Median household income
$65,170[3]

#Migration

Household moves in and out of Mecklenburg County over a year, from IRS tax-return data.

Net migration
+139[5]
Moved in
807
Moved out
668

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
1
Elementary
1
Middle
0
High
0
  • South Hill Elementary

    Elementary · Grades PK–5 · Mecklenburg County Public Schools

    761 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield8.4%
Net yield (after ~40% expenses)5.0%
Annual rent$17,100

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,033
Loan principal$163,422
Down payment$40,856
Total interest paid$208,436

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio0.92
Monthly cost to own$1,316
Monthly rent$1,425

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 23970?
The typical home in 23970 is worth $204,278, based on the Zillow Home Value Index.
Are home values rising in 23970?
Home values in 23970 are up 0.0% over the past year, and up 7.1% a year over five years.
What is the typical rent in 23970?
A typical home in 23970 rents for about $1,425 a month, a gross rental yield of 8.4%.
What is the property tax rate in 23970?
The effective property tax rate in 23970 is 0.7% — roughly $1,354 a year on a typical home.
Who lives in 23970?
ZIP code 23970 has a population of 8,109 and a median household income of $65,170.

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