How much is a home worth in ZIP code 28277?

The typical home in 28277 is worth $618,216, based on the Zillow Home Value Index.

Are home values rising in 28277?

Home values in 28277 are up 0.9% over the past year, and up 7.6% a year over five years.

What is the typical rent in 28277?

A typical home in 28277 rents for about $2,000 a month, a gross rental yield of 3.9%.

What is the property tax rate in 28277?

The effective property tax rate in 28277 is 0.7% — roughly $4,492 a year on a typical home.

ZIP code 28277 has a population of 73,882 and a median household income of $128,627.

HousingHandbookReference data

…

U.S. ZIP Code · NC28277

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

Typical home value

$618,216^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.9%
5-year / yr: +7.6%
10-year / yr: +6.9%

Relative price

vs U.S.: +117.6%
vs metro: +84.4%
vs state: +117.2%

Price history

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

The typical home in 28277 is worth $618,216 — 84.4% above the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have risen 0.9%. Homes here rent for a typical $2,000 a month — a 3.9% 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: $2,000^[2]
Gross yield: 3.9%^[2]
Cap rate: 2.3%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $4,492^[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: 73,882^[3]
Median household income: $128,627^[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: 12
Elementary: 8
Middle: 3
High: 1

Ardrey Kell High School
High · Grades 9–12 · Charlotte-Mecklenburg Schools
3,605 students
Community House Middle
Middle · Grades 6–8 · Charlotte-Mecklenburg Schools
1,412 students
Jay M. Robinson Middle
Middle · Grades 6–8 · Charlotte-Mecklenburg Schools
1,330 students
Rea Farms STEAM Academy
Elementary · Grades K–8 · Charlotte-Mecklenburg Schools
1,105 students
Ballantyne Elementary
Elementary · Grades K–5 · Charlotte-Mecklenburg Schools
989 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 yield3.9%

Net yield (after ~40% expenses)2.3%

Annual rent$24,003

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$3,126

Loan principal$494,573

Down payment$123,643

Total interest paid$630,800

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 ratio2.01

Monthly cost to own$4,017

Monthly rent$2,000

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: 97th percentile^[1]
Rental yield: 18th percentile^[2]
Property tax: 75th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

5th for most populous in NCView list →

Frequently asked

How much is a home worth in ZIP code 28277?: The typical home in 28277 is worth $618,216, based on the Zillow Home Value Index.
Are home values rising in 28277?: Home values in 28277 are up 0.9% over the past year, and up 7.6% a year over five years.
What is the typical rent in 28277?: A typical home in 28277 rents for about $2,000 a month, a gross rental yield of 3.9%.
What is the property tax rate in 28277?: The effective property tax rate in 28277 is 0.7% — roughly $4,492 a year on a typical home.
Who lives in 28277?: ZIP code 28277 has a population of 73,882 and a median household income of $128,627.

#Comparable ZIPs

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

28117 vs 28277 →
Lake Norman of Iredell CDP, NC
Typical home
$632,038
Gross yield
3.0%
28104 vs 28277 →
Weddington, NC
Typical home
$598,489
Gross yield
4.7%
28204
Charlotte, NC
Typical home
$587,225
Gross yield
3.3%
29708
Tega Cay, SC
Typical home
$580,402
Gross yield
3.9%
28036
Davidson, NC
Typical home
$659,803
Gross yield
3.7%
28210
Charlotte, NC
Typical home
$571,220
Gross yield
2.9%

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Pit ZIP 28277 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC28277

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