HousingHandbookReference data

U.S. ZIP Code · NC28150

Cleveland County

Typical home value

$210,272[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.5%
5-year / yr
+3.5%
10-year / yr
+6.8%

Relative price

vs U.S.
-26.0%
vs metro
vs state
-26.1%
ZIP 28150 location in NC
Location of ZIP 28150 in NC

Price history

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

The typical home in 28150 is worth $210,272. Over the past year, values have fallen 2.5%. Homes here rent for a typical $1,136 a month — a 6.5% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent
$1,136[2]
Gross yield
6.5%[2]
Cap rate
3.9%[2]

#Property tax

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

Effective tax rate
0.7%[3]
Typical annual tax
$1,439[3]

#Climate risk

FEMA National Risk Index ratings for Cleveland 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
28,142[3]
Median household income
$55,832[3]

#Migration

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

Net migration
+390[5]
Moved in
2,541
Moved out
2,151

Schools

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

Public schools
6
Elementary
3
Middle
1
High
1
  • Crest Middle

    Middle · Grades 6–8 · Cleveland County Schools

    833 students

  • Jefferson Elementary

    Elementary · Grades PK–5 · Cleveland County Schools

    425 students

  • Union Elementary

    Elementary · Grades PK–5 · Cleveland County Schools

    424 students

  • Washington Elementary

    Elementary · Grades PK–5 · Cleveland County Schools

    386 students

  • Cleveland Innovation

    Other · Grades K–12 · Cleveland County Schools

    164 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 yield6.5%
Net yield (after ~40% expenses)3.9%
Annual rent$13,635

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$1,063
Loan principal$168,218
Down payment$42,054
Total interest paid$214,553

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 ratio1.19
Monthly cost to own$1,358
Monthly rent$1,136

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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 28150?
The typical home in 28150 is worth $210,272, based on the Zillow Home Value Index.
Are home values rising in 28150?
Home values in 28150 are down 2.5% over the past year, and up 3.5% a year over five years.
What is the typical rent in 28150?
A typical home in 28150 rents for about $1,136 a month, a gross rental yield of 6.5%.
What is the property tax rate in 28150?
The effective property tax rate in 28150 is 0.7% — roughly $1,439 a year on a typical home.
Who lives in 28150?
ZIP code 28150 has a population of 28,142 and a median household income of $55,832.

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