How much is a home worth in ZIP code 28217?

The typical home in 28217 is worth $332,008, based on the Zillow Home Value Index.

Are home values rising in 28217?

Home values in 28217 are down 1.5% over the past year, and up 6.3% a year over five years.

What is the typical rent in 28217?

A typical home in 28217 rents for about $1,626 a month, a gross rental yield of 5.9%.

What is the property tax rate in 28217?

The effective property tax rate in 28217 is 0.7% — roughly $2,404 a year on a typical home.

ZIP code 28217 has a population of 32,064 and a median household income of $64,028.

HousingHandbookReference data

…

U.S. ZIP Code · NC28217

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

Typical home value

$332,008^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.5%
5-year / yr: +6.3%
10-year / yr: +10.7%

Relative price

vs U.S.: +16.9%
vs metro: ≈ metro median
vs state: +16.6%

Price history

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

The typical home in 28217 is worth $332,008. Over the past year, values have fallen 1.5%. Homes here rent for a typical $1,626 a month — a 5.9% 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: $1,626^[2]
Gross yield: 5.9%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,404^[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: 32,064^[3]
Median household income: $64,028^[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: 6
Elementary: 5
Middle: 0
High: 1

South Academy of International Languages
Elementary · Grades K–8 · Charlotte-Mecklenburg Schools
1,227 students
Charlotte-Mecklenburg Virtual School
High · Grades 5–12 · Charlotte-Mecklenburg Schools
912 students
Nations Ford Elementary
Elementary · Grades PK–5 · Charlotte-Mecklenburg Schools
608 students
Steele Creek Preparatory Academy
Elementary · Grades K–8 · Steele Creek Preparatory Academy
407 students
Metrolina Reg Scholars Academy
Elementary · Grades K–8 · Metrolina Regional Scholars Academy
398 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 yield5.9%

Net yield (after ~40% expenses)3.5%

Annual rent$19,509

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$1,679

Loan principal$265,606

Down payment$66,402

Total interest paid$338,766

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 ratio1.33

Monthly cost to own$2,155

Monthly rent$1,626

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: 62nd percentile^[1]
Rental yield: 62nd percentile^[2]
Property tax: 74th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

4th for best 10-year appreciation in NCView list →

Frequently asked

How much is a home worth in ZIP code 28217?: The typical home in 28217 is worth $332,008, based on the Zillow Home Value Index.
Are home values rising in 28217?: Home values in 28217 are down 1.5% over the past year, and up 6.3% a year over five years.
What is the typical rent in 28217?: A typical home in 28217 rents for about $1,626 a month, a gross rental yield of 5.9%.
What is the property tax rate in 28217?: The effective property tax rate in 28217 is 0.7% — roughly $2,404 a year on a typical home.
Who lives in 28217?: ZIP code 28217 has a population of 32,064 and a median household income of $64,028.

#Comparable ZIPs

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

28206 vs 28217 →
Charlotte, NC
Typical home
$331,011
Gross yield
5.6%
29726 vs 28217 →
McConnells, SC
Typical home
$329,413
Gross yield
—
28071
Gold Hill CDP, NC
Typical home
$335,243
Gross yield
—
28213
Charlotte, NC
Typical home
$328,638
Gross yield
5.9%
28214
Charlotte, NC
Typical home
$338,228
Gross yield
7.1%
28103
Marshville, NC
Typical home
$325,561
Gross yield
—

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#Jump to section

U.S. ZIP Code · NC28217

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