How much is a home worth in ZIP code 28278?

The typical home in 28278 is worth $502,296, based on the Zillow Home Value Index.

Are home values rising in 28278?

Home values in 28278 are down 1.2% over the past year, and up 5.9% a year over five years.

What is the typical rent in 28278?

A typical home in 28278 rents for about $1,891 a month, a gross rental yield of 4.5%.

What is the property tax rate in 28278?

The effective property tax rate in 28278 is 0.6% — roughly $3,154 a year on a typical home.

ZIP code 28278 has a population of 37,420 and a median household income of $125,470.

HousingHandbookReference data

…

U.S. ZIP Code · NC28278

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

Typical home value

$502,296^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.2%
5-year / yr: +5.9%
10-year / yr: +6.5%

Relative price

vs U.S.: +76.8%
vs metro: +49.8%
vs state: +76.5%

Price history

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

The typical home in 28278 is worth $502,296 — 49.8% above the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have fallen 1.2%. Homes here rent for a typical $1,891 a month — a 4.5% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,891^[2]
Gross yield: 4.5%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $3,154^[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: 37,420^[3]
Median household income: $125,470^[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

Palisades High School
High · Grades 9–12 · Charlotte-Mecklenburg Schools
2,241 students
Palisades Park Elementary
Elementary · Grades K–5 · Charlotte-Mecklenburg Schools
929 students
Southwest Charlotte STEM Academy
Elementary · Grades K–8 · Southwest Charlotte STEM Academy
836 students
Berewick Elementary
Elementary · Grades PK–5 · Charlotte-Mecklenburg Schools
771 students
Winget Park Elementary
Elementary · Grades PK–5 · Charlotte-Mecklenburg Schools
701 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 yield4.5%

Net yield (after ~40% expenses)2.7%

Annual rent$22,692

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$2,540

Loan principal$401,837

Down payment$100,459

Total interest paid$512,521

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 ratio1.70

Monthly cost to own$3,222

Monthly rent$1,891

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: 41st percentile^[1]
Rental yield: 29th percentile^[2]
Property tax: 43rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28278?: The typical home in 28278 is worth $502,296, based on the Zillow Home Value Index.
Are home values rising in 28278?: Home values in 28278 are down 1.2% over the past year, and up 5.9% a year over five years.
What is the typical rent in 28278?: A typical home in 28278 rents for about $1,891 a month, a gross rental yield of 4.5%.
What is the property tax rate in 28278?: The effective property tax rate in 28278 is 0.6% — roughly $3,154 a year on a typical home.
Who lives in 28278?: ZIP code 28278 has a population of 37,420 and a median household income of $125,470.

#Comparable ZIPs

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

28075 vs 28278 →
Harrisburg, NC
Typical home
$506,753
Gross yield
5.8%
28105 vs 28278 →
Matthews, NC
Typical home
$493,840
Gross yield
4.1%
29715
Fort Mill, SC
Typical home
$489,040
Gross yield
4.1%
28101
McAdenville, NC
Typical home
$486,996
Gross yield
—
28205
Charlotte, NC
Typical home
$464,893
Gross yield
4.7%
28078
Huntersville, NC
Typical home
$544,124
Gross yield
4.3%

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#Jump to section

U.S. ZIP Code · NC28278

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