HousingHandbookReference data

U.S. ZIP Code · NC28207

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

Typical home value

$1,622,994[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.9%
5-year / yr
+7.8%
10-year / yr
+7.1%

Relative price

vs U.S.
+471.3%
vs metro
+384.1%
vs state
+470.2%
ZIP 28207 location in NC
Location of ZIP 28207 in NC

Price history

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

The typical home in 28207 is worth $1,622,994 — 384.1% above the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have risen 5.9%. Homes here rent for a typical $2,293 a month — a 1.7% 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
$2,293[2]
Gross yield
1.7%[2]
Cap rate
1.0%[2]

#Property tax

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

Effective tax rate
0.7%[3]
Typical annual tax
$12,121[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
9,527[3]
Median household income
$217,204[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
2
Elementary
2
Middle
0
High
0
  • Myers Park Traditional Elem

    Elementary · Grades K–5 · Charlotte-Mecklenburg Schools

    669 students

  • Eastover Elementary

    Elementary · Grades K–5 · Charlotte-Mecklenburg Schools

    357 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 yield1.7%
Net yield (after ~40% expenses)1.0%
Annual rent$27,511

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$8,207
Loan principal$1,298,395
Down payment$324,599
Total interest paid$1,656,031

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 ratio4.61
Monthly cost to own$10,574
Monthly rent$2,293

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
99th percentile[1]
Rental yield
0th percentile[2]
Property tax
83rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 28207?
The typical home in 28207 is worth $1,622,994, based on the Zillow Home Value Index.
Are home values rising in 28207?
Home values in 28207 are up 5.9% over the past year, and up 7.8% a year over five years.
What is the typical rent in 28207?
A typical home in 28207 rents for about $2,293 a month, a gross rental yield of 1.7%.
What is the property tax rate in 28207?
The effective property tax rate in 28207 is 0.7% — roughly $12,121 a year on a typical home.
Who lives in 28207?
ZIP code 28207 has a population of 9,527 and a median household income of $217,204.

#Comparable ZIPs

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

  • Charlotte, NC

    Typical home
    $922,120
    Gross yield
    2.5%
  • Waxhaw, NC

    Typical home
    $701,903
    Gross yield
    3.7%
  • Charlotte, NC

    Typical home
    $688,931
    Gross yield
    3.4%
  • Charlotte, NC

    Typical home
    $684,012
    Gross yield
    2.7%
  • Charlotte, NC

    Typical home
    $680,506
    Gross yield
    3.0%
  • Charlotte, NC

    Typical home
    $668,279
    Gross yield
    2.9%

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