How much is a home worth in ZIP code 28166?

The typical home in 28166 is worth $391,425, based on the Zillow Home Value Index.

Are home values rising in 28166?

Home values in 28166 are up 0.2% over the past year, and up 5.2% a year over five years.

What is the typical rent in 28166?

A typical home in 28166 rents for about $2,024 a month, a gross rental yield of 6.2%.

What is the property tax rate in 28166?

The effective property tax rate in 28166 is 0.5% — roughly $1,892 a year on a typical home.

ZIP code 28166 has a population of 11,875 and a median household income of $93,511.

HousingHandbookReference data

…

U.S. ZIP Code · NC28166

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

Typical home value

$391,425^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.2%
5-year / yr: +5.2%
10-year / yr: +6.4%

Relative price

vs U.S.: +37.8%
vs metro: +16.8%
vs state: +37.5%

Price history

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

The typical home in 28166 is worth $391,425 — 16.8% above the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have risen 0.2%. Homes here rent for a typical $2,024 a month — a 6.2% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent: $2,024^[2]
Gross yield: 6.2%^[2]
Cap rate: 3.7%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $1,892^[3]

#Climate risk

FEMA National Risk Index ratings for Iredell 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: 11,875^[3]
Median household income: $93,511^[3]

#Migration

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

Net migration: +1,411^[5]
Moved in: 7,106
Moved out: 5,695

Schools

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

Public schools: 4
Elementary: 2
Middle: 1
High: 1

Troutman Elementary
Elementary · Grades PK–5 · Iredell-Statesville Schools
796 students
Iredell Charter Academy of Arts &Science
Elementary · Grades K–8 · Iredell Charter Academy of Arts & Scienc
693 students
Troutman Middle
Middle · Grades 6–8 · Iredell-Statesville Schools
404 students
Career Academy and Technical School
High · Grades 6–12 · Iredell-Statesville Schools
133 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 yield6.2%

Net yield (after ~40% expenses)3.7%

Annual rent$24,289

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$1,979

Loan principal$313,140

Down payment$78,285

Total interest paid$399,392

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 ratio1.22

Monthly cost to own$2,462

Monthly rent$2,024

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: 21st percentile^[1]
Rental yield: 69th percentile^[2]
Property tax: 12th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28166?: The typical home in 28166 is worth $391,425, based on the Zillow Home Value Index.
Are home values rising in 28166?: Home values in 28166 are up 0.2% over the past year, and up 5.2% a year over five years.
What is the typical rent in 28166?: A typical home in 28166 rents for about $2,024 a month, a gross rental yield of 6.2%.
What is the property tax rate in 28166?: The effective property tax rate in 28166 is 0.5% — roughly $1,892 a year on a typical home.
Who lives in 28166?: ZIP code 28166 has a population of 11,875 and a median household income of $93,511.

#Comparable ZIPs

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

28227 vs 28166 →
Mint Hill, NC
Typical home
$391,388
Gross yield
5.3%
28124 vs 28166 →
Mount Pleasant, NC
Typical home
$381,269
Gross yield
—
28110
Unionville, NC
Typical home
$374,664
Gross yield
6.4%
28115
Mooresville, NC
Typical home
$409,371
Gross yield
5.6%
28273
Charlotte, NC
Typical home
$372,096
Gross yield
5.1%
28164
Lowesville CDP, NC
Typical home
$369,590
Gross yield
—

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#Jump to section

U.S. ZIP Code · NC28166

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