How much is a home worth in ZIP code 28115?

The typical home in 28115 is worth $409,371, based on the Zillow Home Value Index.

Are home values rising in 28115?

Home values in 28115 are up 0.9% over the past year, and up 6.4% a year over five years.

What is the typical rent in 28115?

A typical home in 28115 rents for about $1,919 a month, a gross rental yield of 5.6%.

What is the property tax rate in 28115?

The effective property tax rate in 28115 is 0.8% — roughly $3,148 a year on a typical home.

ZIP code 28115 has a population of 43,544 and a median household income of $87,787.

HousingHandbookReference data

…

U.S. ZIP Code · NC28115

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

Typical home value

$409,371^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.9%
5-year / yr: +6.4%
10-year / yr: +6.7%

Relative price

vs U.S.: +44.1%
vs metro: +22.1%
vs state: +43.8%

Price history

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

The typical home in 28115 is worth $409,371 — 22.1% above the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have risen 0.9%. Homes here rent for a typical $1,919 a month — a 5.6% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,919^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,148^[3]

#Climate risk

FEMA National Risk Index ratings for Iredell 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: 43,544^[3]
Median household income: $87,787^[3]

#Migration

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

Net migration: +1,411^[5]
Moved in: 7,106
Moved out: 5,695

Schools

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

Public schools: 11
Elementary: 7
Middle: 1
High: 2

Mooresville High School
High · Grades 9–12 · Mooresville Graded School District
1,972 students
Pine Lake Preparatory
Other · Grades K–12 · Pine Lake Preparatory
1,885 students
Coddle Creek Elementary
Elementary · Grades PK–5 · Iredell-Statesville Schools
725 students
Shepherd Elementary
Elementary · Grades PK–5 · Iredell-Statesville Schools
709 students
Mooresville Intermediate
Elementary · Grades 3–5 · Mooresville Graded School District
660 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 yield5.6%

Net yield (after ~40% expenses)3.4%

Annual rent$23,028

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$2,070

Loan principal$327,497

Down payment$81,874

Total interest paid$417,704

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 ratio1.39

Monthly cost to own$2,674

Monthly rent$1,919

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: 65th percentile^[1]
Rental yield: 52nd percentile^[2]
Property tax: 88th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28115?: The typical home in 28115 is worth $409,371, based on the Zillow Home Value Index.
Are home values rising in 28115?: Home values in 28115 are up 0.9% over the past year, and up 6.4% a year over five years.
What is the typical rent in 28115?: A typical home in 28115 rents for about $1,919 a month, a gross rental yield of 5.6%.
What is the property tax rate in 28115?: The effective property tax rate in 28115 is 0.8% — roughly $3,148 a year on a typical home.
Who lives in 28115?: ZIP code 28115 has a population of 43,544 and a median household income of $87,787.

#Comparable ZIPs

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

28202 vs 28115 →
Charlotte, NC
Typical home
$416,237
Gross yield
5.4%
28027 vs 28115 →
Concord, NC
Typical home
$417,165
Gross yield
4.9%
29710
Lake Wylie CDP, SC
Typical home
$417,351
Gross yield
6.0%
28134
Pineville, NC
Typical home
$420,748
Gross yield
7.0%
28012
Belmont, NC
Typical home
$420,910
Gross yield
5.3%
28080
Iron Station CDP, NC
Typical home
$422,865
Gross yield
—

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#Jump to section

U.S. ZIP Code · NC28115

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