U.S. ZIP Code · NC28138
Rowan County · Charlotte-Concord-Gastonia, NC-SC
Appreciation
- 1-year
- +1.3%
- 5-year / yr
- +6.5%
- 10-year / yr
- +7.4%
Relative price
- vs U.S.
- +4.5%
- vs metro
- -11.5%
- vs state
- +4.3%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 28138 is worth $296,809 — 11.5% below the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have risen 1.3%. The effective property tax rate is 0.6%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Rowan 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 Moderate
- Heat wave
- Relatively Low
- Hurricane
- Relatively Low
- Tornado
- Relatively Moderate
- Earthquake
- Relatively Low
- Winter weather
- Relatively Moderate
#Who lives here
#Migration
Household moves in and out of Rowan County over a year, from IRS tax-return data.
- Net migration
- +577[5]
- Moved in
- 4,202
- Moved out
- 3,625
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 2
- Elementary
- 2
- Middle
- 0
- High
- 0
Rockwell Elementary
Elementary · Grades PK–5 · Rowan-Salisbury Schools
495 students
Shive Elementary
Elementary · Grades PK–5 · Rowan-Salisbury Schools
447 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.
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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 28138?
- The typical home in 28138 is worth $296,809, based on the Zillow Home Value Index.
- Are home values rising in 28138?
- Home values in 28138 are up 1.3% over the past year, and up 6.5% a year over five years.
- What is the property tax rate in 28138?
- The effective property tax rate in 28138 is 0.6% — roughly $1,638 a year on a typical home.
- Who lives in 28138?
- ZIP code 28138 has a population of 10,271 and a median household income of $66,896.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Salisbury, NC
- Typical home
- $296,823
- Gross yield
- 4.7%
Crouse CDP, NC
- Typical home
- $297,687
- Gross yield
- —
China Grove, NC
- Typical home
- $295,531
- Gross yield
- 5.9%
Lincolnton, NC
- Typical home
- $298,190
- Gross yield
- 5.4%
Kannapolis, NC
- Typical home
- $298,307
- Gross yield
- 6.6%
Belwood, NC
- Typical home
- $293,621
- Gross yield
- —
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#Jump to section