How much is a home worth in ZIP code 28205?

The typical home in 28205 is worth $464,893, based on the Zillow Home Value Index.

Are home values rising in 28205?

Home values in 28205 are down 0.5% over the past year, and up 4.8% a year over five years.

What is the typical rent in 28205?

A typical home in 28205 rents for about $1,819 a month, a gross rental yield of 4.7%.

What is the property tax rate in 28205?

The effective property tax rate in 28205 is 0.7% — roughly $3,085 a year on a typical home.

ZIP code 28205 has a population of 51,806 and a median household income of $75,622.

HousingHandbookReference data

…

U.S. ZIP Code · NC28205

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

Typical home value

$464,893^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.5%
5-year / yr: +4.8%
10-year / yr: +8.2%

Relative price

vs U.S.: +63.7%
vs metro: +38.7%
vs state: +63.3%

Price history

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

The typical home in 28205 is worth $464,893 — 38.7% above the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have fallen 0.5%. Homes here rent for a typical $1,819 a month — a 4.7% 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: $1,819^[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: 0.7%^[3]
Typical annual tax: $3,085^[3]

#Climate risk

FEMA National Risk Index ratings for Mecklenburg County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively High
Earthquake: Relatively Moderate
Winter weather: Relatively High

#Who lives here

Population: 51,806^[3]
Median household income: $75,622^[3]

#Migration

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

Net migration: +3,632^[5]
Moved in: 43,155
Moved out: 39,523

Schools

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

Public schools: 14
Elementary: 9
Middle: 1
High: 4

Garinger High School
High · Grades 9–12 · Charlotte-Mecklenburg Schools
1,803 students
Eastway Middle
Middle · Grades 6–8 · Charlotte-Mecklenburg Schools
805 students
Merry Oaks International Academy
Elementary · Grades PK–5 · Charlotte-Mecklenburg Schools
632 students
Oakhurst STEAM Academy
Elementary · Grades K–5 · Charlotte-Mecklenburg Schools
522 students
Shamrock Gardens Elementary
Elementary · Grades PK–5 · Charlotte-Mecklenburg Schools
520 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 yield4.7%

Net yield (after ~40% expenses)2.8%

Annual rent$21,822

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$2,351

Loan principal$371,914

Down payment$92,979

Total interest paid$474,356

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 ratio1.65

Monthly cost to own$2,994

Monthly rent$1,819

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: 14th percentile^[1]
Rental yield: 31st percentile^[2]
Property tax: 56th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28205?: The typical home in 28205 is worth $464,893, based on the Zillow Home Value Index.
Are home values rising in 28205?: Home values in 28205 are down 0.5% over the past year, and up 4.8% a year over five years.
What is the typical rent in 28205?: A typical home in 28205 rents for about $1,819 a month, a gross rental yield of 4.7%.
What is the property tax rate in 28205?: The effective property tax rate in 28205 is 0.7% — roughly $3,085 a year on a typical home.
Who lives in 28205?: ZIP code 28205 has a population of 51,806 and a median household income of $75,622.

#Comparable ZIPs

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

28125 vs 28205 →
NC
Typical home
$450,071
Gross yield
—
28101 vs 28205 →
McAdenville, NC
Typical home
$486,996
Gross yield
—
29715
Fort Mill, SC
Typical home
$489,040
Gross yield
4.1%
28079
Fairview, NC
Typical home
$438,011
Gross yield
5.6%
28105
Matthews, NC
Typical home
$493,840
Gross yield
4.1%
28107
Midland, NC
Typical home
$431,885
Gross yield
5.7%

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#Jump to section

U.S. ZIP Code · NC28205

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