How much is a home worth in ZIP code 28117?

The typical home in 28117 is worth $632,038, based on the Zillow Home Value Index.

Are home values rising in 28117?

Home values in 28117 are up 0.5% over the past year, and up 7.0% a year over five years.

What is the typical rent in 28117?

A typical home in 28117 rents for about $1,590 a month, a gross rental yield of 3.0%.

What is the property tax rate in 28117?

The effective property tax rate in 28117 is 0.5% — roughly $3,276 a year on a typical home.

ZIP code 28117 has a population of 48,826 and a median household income of $112,976.

HousingHandbookReference data

…

U.S. ZIP Code · NC28117

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

Typical home value

$632,038^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.5%
5-year / yr: +7.0%
10-year / yr: +6.3%

Relative price

vs U.S.: +122.5%
vs metro: +88.5%
vs state: +122.1%

Price history

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

The typical home in 28117 is worth $632,038 — 88.5% above the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have risen 0.5%. Homes here rent for a typical $1,590 a month — a 3.0% 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: $1,590^[2]
Gross yield: 3.0%^[2]
Cap rate: 1.8%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $3,276^[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: 48,826^[3]
Median household income: $112,976^[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: 8
Elementary: 3
Middle: 3
High: 1

Lake Norman High
High · Grades 9–12 · Iredell-Statesville Schools
1,964 students
Langtree Charter Academy
Other · Grades K–12 · Langtree Charter Academy
1,640 students
The Brawley School
Middle · Grades 6–8 · Iredell-Statesville Schools
677 students
Lakeshore Elementary
Elementary · Grades PK–5 · Iredell-Statesville Schools
673 students
Lake Norman Elementary
Elementary · Grades PK–5 · Iredell-Statesville Schools
654 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 yield3.0%

Net yield (after ~40% expenses)1.8%

Annual rent$19,078

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$3,196

Loan principal$505,631

Down payment$126,408

Total interest paid$644,904

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 ratio2.51

Monthly cost to own$3,997

Monthly rent$1,590

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: 85th percentile^[1]
Rental yield: 9th percentile^[2]
Property tax: 18th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28117?: The typical home in 28117 is worth $632,038, based on the Zillow Home Value Index.
Are home values rising in 28117?: Home values in 28117 are up 0.5% over the past year, and up 7.0% a year over five years.
What is the typical rent in 28117?: A typical home in 28117 rents for about $1,590 a month, a gross rental yield of 3.0%.
What is the property tax rate in 28117?: The effective property tax rate in 28117 is 0.5% — roughly $3,276 a year on a typical home.
Who lives in 28117?: ZIP code 28117 has a population of 48,826 and a median household income of $112,976.

#Comparable ZIPs

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

28277 vs 28117 →
Charlotte, NC
Typical home
$618,216
Gross yield
3.9%
28036 vs 28117 →
Davidson, NC
Typical home
$659,803
Gross yield
3.7%
28104
Weddington, NC
Typical home
$598,489
Gross yield
4.7%
28209
Charlotte, NC
Typical home
$668,279
Gross yield
2.9%
28204
Charlotte, NC
Typical home
$587,225
Gross yield
3.3%
28226
Charlotte, NC
Typical home
$680,506
Gross yield
3.0%

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#Jump to section

U.S. ZIP Code · NC28117

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