HousingHandbookReference data

U.S. ZIP Code · NC28159

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

Typical home value

$206,932[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-4.1%
5-year / yr
+6.7%
10-year / yr
+9.8%

Relative price

vs U.S.
-27.2%
vs metro
-38.3%
vs state
-27.3%
ZIP 28159 location in NC
Location of ZIP 28159 in NC

Price history

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

The typical home in 28159 is worth $206,932 — 38.3% below the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have fallen 4.1%. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$1,911[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
3,250[3]
Median household income
$63,036[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
3
Elementary
1
Middle
1
High
1
  • North Rowan High

    High · Grades 9–12 · Rowan-Salisbury Schools

    592 students

  • North Rowan Middle

    Middle · Grades 6–8 · Rowan-Salisbury Schools

    564 students

  • North Rowan Elementary

    Elementary · Grades PK–5 · Rowan-Salisbury Schools

    413 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 yield
Net yield (after ~40% expenses)
Annual rent

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$1,046
Loan principal$165,545
Down payment$41,386
Total interest paid$211,144

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 ratio
Monthly cost to own$1,377
Monthly rent

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
80th percentile[1]
Rental yield
[2]
Property tax
99th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 28159?
The typical home in 28159 is worth $206,932, based on the Zillow Home Value Index.
Are home values rising in 28159?
Home values in 28159 are down 4.1% over the past year, and up 6.7% a year over five years.
What is the property tax rate in 28159?
The effective property tax rate in 28159 is 0.9% — roughly $1,911 a year on a typical home.
Who lives in 28159?
ZIP code 28159 has a population of 3,250 and a median household income of $63,036.

#Comparable ZIPs

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

  • Heath Springs, SC

    Typical home
    $205,489
    Gross yield
  • Gastonia, NC

    Typical home
    $217,773
    Gross yield
    8.2%
  • Chester, SC

    Typical home
    $185,670
    Gross yield
  • Peachland, NC

    Typical home
    $231,160
    Gross yield
  • Polkton, NC

    Typical home
    $181,672
    Gross yield
  • Kershaw, SC

    Typical home
    $181,601
    Gross yield

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