HousingHandbookReference data

U.S. ZIP Code · NC28147

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

Typical home value

$296,823[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.9%
5-year / yr
+6.1%
10-year / yr
+7.1%

Relative price

vs U.S.
+4.5%
vs metro
-11.5%
vs state
+4.3%
ZIP 28147 location in NC
Location of ZIP 28147 in NC

Price history

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

The typical home in 28147 is worth $296,823 — 11.5% below the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have risen 1.9%. Homes here rent for a typical $1,169 a month — a 4.7% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent
$1,169[2]
Gross yield
4.7%[2]
Cap rate
2.8%[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$1,877[3]

#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

Population
25,812[3]
Median household income
$65,060[3]

#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
4
Elementary
3
Middle
1
High
0
  • West Rowan Middle

    Middle · Grades 6–8 · Rowan-Salisbury Schools

    716 students

  • Knollwood Elementary

    Elementary · Grades PK–5 · Rowan-Salisbury Schools

    546 students

  • Hurley Elementary

    Elementary · Grades PK–5 · Rowan-Salisbury Schools

    524 students

  • Isenberg Elementary

    Elementary · Grades PK–5 · Rowan-Salisbury Schools

    486 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 yield4.7%
Net yield (after ~40% expenses)2.8%
Annual rent$14,030

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.

Monthly payment$1,501
Loan principal$237,459
Down payment$59,365
Total interest paid$302,865

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.

Own : rent ratio1.63
Monthly cost to own$1,904
Monthly rent$1,169

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
50th percentile[1]
Rental yield
34th percentile[2]
Property tax
44th percentile[3]

Frequently asked

How much is a home worth in ZIP code 28147?
The typical home in 28147 is worth $296,823, based on the Zillow Home Value Index.
Are home values rising in 28147?
Home values in 28147 are up 1.9% over the past year, and up 6.1% a year over five years.
What is the typical rent in 28147?
A typical home in 28147 rents for about $1,169 a month, a gross rental yield of 4.7%.
What is the property tax rate in 28147?
The effective property tax rate in 28147 is 0.6% — roughly $1,877 a year on a typical home.
Who lives in 28147?
ZIP code 28147 has a population of 25,812 and a median household income of $65,060.

#Comparable ZIPs

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

  • Rockwell, NC

    Typical home
    $296,809
    Gross yield
  • 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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