How much is a home worth in ZIP code 28120?

The typical home in 28120 is worth $369,120, based on the Zillow Home Value Index.

Are home values rising in 28120?

Home values in 28120 are up 1.6% over the past year, and up 6.6% a year over five years.

What is the typical rent in 28120?

A typical home in 28120 rents for about $1,809 a month, a gross rental yield of 5.9%.

What is the property tax rate in 28120?

The effective property tax rate in 28120 is 0.8% — roughly $2,851 a year on a typical home.

ZIP code 28120 has a population of 25,805 and a median household income of $78,231.

HousingHandbookReference data

…

U.S. ZIP Code · NC28120

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

Typical home value

$369,120^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.6%
5-year / yr: +6.6%
10-year / yr: +8.3%

Relative price

vs U.S.: +29.9%
vs metro: +10.1%
vs state: +29.7%

Price history

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

The typical home in 28120 is worth $369,120 — 10.1% above the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have risen 1.6%. Homes here rent for a typical $1,809 a month — a 5.9% 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: $1,809^[2]
Gross yield: 5.9%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,851^[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: 25,805^[3]
Median household income: $78,231^[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: 2
Middle: 1
High: 1

Mountain Island Charter School
Other · Grades K–12 · Mountain Island Charter
1,746 students
East Gaston High
High · Grades 9–12 · Gaston County Schools
908 students
Mount Holly Middle
Middle · Grades 6–8 · Gaston County Schools
552 students
Ida Rankin Elementary School
Elementary · Grades PK–5 · Gaston County Schools
510 students
Pinewood Elementary
Elementary · Grades PK–5 · Gaston County Schools
477 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 yield5.9%

Net yield (after ~40% expenses)3.5%

Annual rent$21,704

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$1,866

Loan principal$295,296

Down payment$73,824

Total interest paid$376,634

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 ratio1.33

Monthly cost to own$2,411

Monthly rent$1,809

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: 72nd percentile^[1]
Rental yield: 63rd percentile^[2]
Property tax: 89th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28120?: The typical home in 28120 is worth $369,120, based on the Zillow Home Value Index.
Are home values rising in 28120?: Home values in 28120 are up 1.6% over the past year, and up 6.6% a year over five years.
What is the typical rent in 28120?: A typical home in 28120 rents for about $1,809 a month, a gross rental yield of 5.9%.
What is the property tax rate in 28120?: The effective property tax rate in 28120 is 0.8% — roughly $2,851 a year on a typical home.
Who lives in 28120?: ZIP code 28120 has a population of 25,805 and a median household income of $78,231.

#Comparable ZIPs

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

28164 vs 28120 →
Lowesville CDP, NC
Typical home
$369,590
Gross yield
—
28273 vs 28120 →
Charlotte, NC
Typical home
$372,096
Gross yield
5.1%
28110
Unionville, NC
Typical home
$374,664
Gross yield
6.4%
28269
Charlotte, NC
Typical home
$360,895
Gross yield
5.7%
28124
Mount Pleasant, NC
Typical home
$381,269
Gross yield
—
29732
Rock Hill, SC
Typical home
$356,704
Gross yield
5.0%

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Pit ZIP 28120 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC28120

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