HousingHandbookReference data

U.S. ZIP Code · NC27229

Montgomery County

Typical home value

$144,755[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.8%
5-year / yr
+6.9%
10-year / yr
+7.5%

Relative price

vs U.S.
-49.0%
vs metro
vs state
-49.1%
ZIP 27229 location in NC
Location of ZIP 27229 in NC

Price history

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

The typical home in 27229 is worth $144,755. Over the past year, values have risen 5.8%. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.5%[3]
Typical annual tax
$721[3]

#Climate risk

FEMA National Risk Index ratings for Montgomery 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 Low
Heat wave
Relatively Low
Hurricane
Relatively Moderate
Tornado
Relatively Moderate
Earthquake
Very Low
Winter weather
Relatively Low

#Who lives here

Population
3,456[3]
Median household income
$51,436[3]

#Migration

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

Net migration
+68[5]
Moved in
616
Moved out
548

Schools

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

Public schools
1
Elementary
1
Middle
0
High
0
  • Candor Elementary

    Elementary · Grades PK–5 · Montgomery County Schools

    353 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 yield
Net yield (after ~40% expenses)
Annual rent

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$732
Loan principal$115,804
Down payment$28,951
Total interest paid$147,702

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 ratio
Monthly cost to own$913
Monthly rent

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 27229?
The typical home in 27229 is worth $144,755, based on the Zillow Home Value Index.
Are home values rising in 27229?
Home values in 27229 are up 5.8% over the past year, and up 6.9% a year over five years.
What is the property tax rate in 27229?
The effective property tax rate in 27229 is 0.5% — roughly $721 a year on a typical home.
Who lives in 27229?
ZIP code 27229 has a population of 3,456 and a median household income of $51,436.

Compare ZIPs

Pit ZIP 27229 against any other ZIP — full side-by-side table.

Compare 27229

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