How much is a home worth in ZIP code 28037?

The typical home in 28037 is worth $548,279, based on the Zillow Home Value Index.

Are home values rising in 28037?

Home values in 28037 are up 0.1% over the past year, and up 6.2% a year over five years.

What is the typical rent in 28037?

A typical home in 28037 rents for about $1,799 a month, a gross rental yield of 3.9%.

What is the property tax rate in 28037?

The effective property tax rate in 28037 is 0.5% — roughly $2,834 a year on a typical home.

ZIP code 28037 has a population of 28,768 and a median household income of $111,703.

HousingHandbookReference data

…

U.S. ZIP Code · NC28037

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

Typical home value

$548,279^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.1%
5-year / yr: +6.2%
10-year / yr: +6.0%

Relative price

vs U.S.: +93.0%
vs metro: +63.5%
vs state: +92.6%

Price history

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

The typical home in 28037 is worth $548,279 — 63.5% above the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have risen 0.1%. Homes here rent for a typical $1,799 a month — a 3.9% 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: $1,799^[2]
Gross yield: 3.9%^[2]
Cap rate: 2.4%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $2,834^[3]

#Climate risk

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

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

#Who lives here

Population: 28,768^[3]
Median household income: $111,703^[3]

#Migration

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

Net migration: +758^[5]
Moved in: 3,384
Moved out: 2,626

Schools

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

Public schools: 7
Elementary: 4
Middle: 1
High: 1

Lincoln Charter School
Other · Grades K–12 · Lincoln Charter School
2,272 students
East Lincoln High
High · Grades 9–12 · Lincoln County Schools
1,090 students
North Lincoln Middle
Middle · Grades 6–8 · Lincoln County Schools
751 students
St James Elementary
Elementary · Grades PK–5 · Lincoln County Schools
665 students
Rock Springs Elementary
Elementary · Grades PK–5 · Lincoln County Schools
647 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 yield3.9%

Net yield (after ~40% expenses)2.4%

Annual rent$21,590

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$2,772

Loan principal$438,623

Down payment$109,656

Total interest paid$559,439

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 ratio1.93

Monthly cost to own$3,467

Monthly rent$1,799

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: 59th percentile^[1]
Rental yield: 22nd percentile^[2]
Property tax: 17th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28037?: The typical home in 28037 is worth $548,279, based on the Zillow Home Value Index.
Are home values rising in 28037?: Home values in 28037 are up 0.1% over the past year, and up 6.2% a year over five years.
What is the typical rent in 28037?: A typical home in 28037 rents for about $1,799 a month, a gross rental yield of 3.9%.
What is the property tax rate in 28037?: The effective property tax rate in 28037 is 0.5% — roughly $2,834 a year on a typical home.
Who lives in 28037?: ZIP code 28037 has a population of 28,768 and a median household income of $111,703.

#Comparable ZIPs

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

29707 vs 28037 →
SC
Typical home
$546,309
Gross yield
3.9%
28031 vs 28037 →
Cornelius, NC
Typical home
$544,438
Gross yield
4.0%
28078
Huntersville, NC
Typical home
$544,124
Gross yield
4.3%
28210
Charlotte, NC
Typical home
$571,220
Gross yield
2.9%
29708
Tega Cay, SC
Typical home
$580,402
Gross yield
3.9%
28204
Charlotte, NC
Typical home
$587,225
Gross yield
3.3%

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Pit ZIP 28037 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC28037

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