How much is a home worth in ZIP code 28016?

The typical home in 28016 is worth $239,621, based on the Zillow Home Value Index.

Are home values rising in 28016?

Home values in 28016 are up 2.1% over the past year, and up 6.7% a year over five years.

What is the typical rent in 28016?

A typical home in 28016 rents for about $1,364 a month, a gross rental yield of 6.8%.

What is the property tax rate in 28016?

The effective property tax rate in 28016 is 0.5% — roughly $1,225 a year on a typical home.

ZIP code 28016 has a population of 13,109 and a median household income of $57,147.

HousingHandbookReference data

…

U.S. ZIP Code · NC28016

Gaston County · Charlotte-Concord-Gastonia, NC-SC

Typical home value

$239,621^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.1%
5-year / yr: +6.7%
10-year / yr: +9.6%

Relative price

vs U.S.: -15.6%
vs metro: -28.5%
vs state: -15.8%

Price history

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

The typical home in 28016 is worth $239,621 — 28.5% below the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have risen 2.1%. Homes here rent for a typical $1,364 a month — a 6.8% gross rental yield. 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: $1,364^[2]
Gross yield: 6.8%^[2]
Cap rate: 4.1%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $1,225^[3]

#Climate risk

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

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

#Who lives here

Population: 13,109^[3]
Median household income: $57,147^[3]

#Migration

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

Net migration: +1,241^[5]
Moved in: 7,614
Moved out: 6,373

Schools

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

Public schools: 5
Elementary: 3
Middle: 1
High: 1

Bessemer City High
High · Grades 9–12 · Gaston County Schools
548 students
Bessemer City Middle
Middle · Grades 6–8 · Gaston County Schools
502 students
Bessemer City Primary
Elementary · Grades PK–2 · Gaston County Schools
446 students
Bessemer City Central Elem
Elementary · Grades 3–5 · Gaston County Schools
355 students
Tryon Elementary
Elementary · Grades PK–5 · Gaston County Schools
334 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.

Home value$Monthly rent$

Gross yield6.8%

Net yield (after ~40% expenses)4.1%

Annual rent$16,362

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,212

Loan principal$191,697

Down payment$47,924

Total interest paid$244,499

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.11

Monthly cost to own$1,513

Monthly rent$1,364

Renting 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: 78th percentile^[1]
Rental yield: 88th percentile^[2]
Property tax: 15th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for best 10-year appreciation in NCView list →

Frequently asked

How much is a home worth in ZIP code 28016?: The typical home in 28016 is worth $239,621, based on the Zillow Home Value Index.
Are home values rising in 28016?: Home values in 28016 are up 2.1% over the past year, and up 6.7% a year over five years.
What is the typical rent in 28016?: A typical home in 28016 rents for about $1,364 a month, a gross rental yield of 6.8%.
What is the property tax rate in 28016?: The effective property tax rate in 28016 is 0.5% — roughly $1,225 a year on a typical home.
Who lives in 28016?: ZIP code 28016 has a population of 13,109 and a median household income of $57,147.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

28144 vs 28016 →
Salisbury, NC
Typical home
$233,842
Gross yield
6.9%
29714 vs 28016 →
Fort Lawn, SC
Typical home
$246,865
Gross yield
—
28133
Peachland, NC
Typical home
$231,160
Gross yield
—
28021
Cherryville, NC
Typical home
$250,833
Gross yield
—
29717
Hickory Grove, SC
Typical home
$251,275
Gross yield
—
29742
Sharon, SC
Typical home
$259,352
Gross yield
—

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#Jump to section

U.S. ZIP Code · NC28016

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