How much is a home worth in ZIP code 28208?

The typical home in 28208 is worth $303,163, based on the Zillow Home Value Index.

Are home values rising in 28208?

Home values in 28208 are down 2.2% over the past year, and up 4.9% a year over five years.

What is the typical rent in 28208?

A typical home in 28208 rents for about $1,614 a month, a gross rental yield of 6.4%.

What is the property tax rate in 28208?

The effective property tax rate in 28208 is 0.7% — roughly $2,019 a year on a typical home.

ZIP code 28208 has a population of 40,197 and a median household income of $55,431.

HousingHandbookReference data

…

U.S. ZIP Code · NC28208

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

Typical home value

$303,163^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.2%
5-year / yr: +4.9%
10-year / yr: +12.0%

Relative price

vs U.S.: +6.7%
vs metro: -9.6%
vs state: +6.5%

Price history

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

The typical home in 28208 is worth $303,163 — 9.6% below the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have fallen 2.2%. Homes here rent for a typical $1,614 a month — a 6.4% 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: $1,614^[2]
Gross yield: 6.4%^[2]
Cap rate: 3.8%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,019^[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: 40,197^[3]
Median household income: $55,431^[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: 10
Middle: 0
High: 3

Phillip O Berry Academy of Technology
High · Grades 9–12 · Charlotte-Mecklenburg Schools
1,533 students
Harding University High School
High · Grades 9–12 · Charlotte-Mecklenburg Schools
1,233 students
Charlotte Lab School
Other · Grades K–12 · Charlotte Lab School
1,002 students
Movement Charter School
Elementary · Grades K–8 · Movement Charter School
745 students
Renaissance West STEAM Academy
Elementary · Grades PK–8 · Charlotte-Mecklenburg Schools
679 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 yield6.4%

Net yield (after ~40% expenses)3.8%

Annual rent$19,370

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$1,533

Loan principal$242,531

Down payment$60,633

Total interest paid$309,334

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 ratio1.21

Monthly cost to own$1,955

Monthly rent$1,614

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: 15th percentile^[1]
Rental yield: 72nd percentile^[2]
Property tax: 57th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

2nd for best 10-year appreciation in NCView list →

Frequently asked

How much is a home worth in ZIP code 28208?: The typical home in 28208 is worth $303,163, based on the Zillow Home Value Index.
Are home values rising in 28208?: Home values in 28208 are down 2.2% over the past year, and up 4.9% a year over five years.
What is the typical rent in 28208?: A typical home in 28208 rents for about $1,614 a month, a gross rental yield of 6.4%.
What is the property tax rate in 28208?: The effective property tax rate in 28208 is 0.7% — roughly $2,019 a year on a typical home.
Who lives in 28208?: ZIP code 28208 has a population of 40,197 and a median household income of $55,431.

#Comparable ZIPs

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

28146 vs 28208 →
Salisbury, NC
Typical home
$305,107
Gross yield
4.9%
29712 vs 28208 →
SC
Typical home
$300,206
Gross yield
—
28032
Cramerton, NC
Typical home
$306,567
Gross yield
—
28081
Kannapolis, NC
Typical home
$298,307
Gross yield
6.6%
28092
Lincolnton, NC
Typical home
$298,190
Gross yield
5.4%
28033
Crouse CDP, NC
Typical home
$297,687
Gross yield
—

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#Jump to section

U.S. ZIP Code · NC28208

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