How much is a home worth in ZIP code 28216?

The typical home in 28216 is worth $322,216, based on the Zillow Home Value Index.

Are home values rising in 28216?

Home values in 28216 are down 1.5% over the past year, and up 5.7% a year over five years.

What is the typical rent in 28216?

A typical home in 28216 rents for about $1,839 a month, a gross rental yield of 6.9%.

What is the property tax rate in 28216?

The effective property tax rate in 28216 is 0.7% — roughly $2,361 a year on a typical home.

ZIP code 28216 has a population of 57,507 and a median household income of $65,795.

HousingHandbookReference data

…

U.S. ZIP Code · NC28216

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

Typical home value

$322,216^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.5%
5-year / yr: +5.7%
10-year / yr: +9.4%

Relative price

vs U.S.: +13.4%
vs metro: -3.9%
vs state: +13.2%

Price history

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

The typical home in 28216 is worth $322,216 — 3.9% below the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have fallen 1.5%. Homes here rent for a typical $1,839 a month — a 6.9% 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: $1,839^[2]
Gross yield: 6.9%^[2]
Cap rate: 4.1%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,361^[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: 57,507^[3]
Median household income: $65,795^[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: 8
Elementary: 6
Middle: 0
High: 2

West Charlotte High School
High · Grades 9–12 · Charlotte-Mecklenburg Schools
1,674 students
Northwest School of the Arts
High · Grades 6–12 · Charlotte-Mecklenburg Schools
1,008 students
Mountain Island Lake Academy
Elementary · Grades PK–8 · Charlotte-Mecklenburg Schools
802 students
Hornets Nest Elementary
Elementary · Grades PK–5 · Charlotte-Mecklenburg Schools
586 students
Oaklawn Language Academy
Elementary · Grades K–8 · Charlotte-Mecklenburg Schools
516 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 yield6.9%

Net yield (after ~40% expenses)4.1%

Annual rent$22,074

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$1,629

Loan principal$257,773

Down payment$64,443

Total interest paid$328,775

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 ratio1.14

Monthly cost to own$2,094

Monthly rent$1,839

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: 31st percentile^[1]
Rental yield: 89th percentile^[2]
Property tax: 76th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

10th for best 10-year appreciation in NCView list →

Frequently asked

How much is a home worth in ZIP code 28216?: The typical home in 28216 is worth $322,216, based on the Zillow Home Value Index.
Are home values rising in 28216?: Home values in 28216 are down 1.5% over the past year, and up 5.7% a year over five years.
What is the typical rent in 28216?: A typical home in 28216 rents for about $1,839 a month, a gross rental yield of 6.9%.
What is the property tax rate in 28216?: The effective property tax rate in 28216 is 0.7% — roughly $2,361 a year on a typical home.
Who lives in 28216?: ZIP code 28216 has a population of 57,507 and a median household income of $65,795.

#Comparable ZIPs

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

28212 vs 28216 →
Charlotte, NC
Typical home
$323,613
Gross yield
5.1%
29704 vs 28216 →
Catawba CDP, SC
Typical home
$324,930
Gross yield
—
28103
Marshville, NC
Typical home
$325,561
Gross yield
—
28174
Wingate, NC
Typical home
$315,891
Gross yield
—
28213
Charlotte, NC
Typical home
$328,638
Gross yield
5.9%
29726
McConnells, SC
Typical home
$329,413
Gross yield
—

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#Jump to section

U.S. ZIP Code · NC28216

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