How much is a home worth in ZIP code 28301?

The typical home in 28301 is worth $147,718, based on the Zillow Home Value Index.

Are home values rising in 28301?

Home values in 28301 are down 3.0% over the past year, and up 6.2% a year over five years.

What is the typical rent in 28301?

A typical home in 28301 rents for about $1,361 a month, a gross rental yield of 11.1%.

What is the property tax rate in 28301?

The effective property tax rate in 28301 is 0.8% — roughly $1,213 a year on a typical home.

ZIP code 28301 has a population of 16,798 and a median household income of $39,198.

HousingHandbookReference data

…

U.S. ZIP Code · NC28301

Cumberland County · Fayetteville, NC

Typical home value

$147,718^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.0%
5-year / yr: +6.2%
10-year / yr: +8.5%

Relative price

vs U.S.: -48.0%
vs metro: -43.3%
vs state: -48.1%

Price history

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

The typical home in 28301 is worth $147,718 — 43.3% below the Fayetteville, NC median. Over the past year, values have fallen 3.0%. Homes here rent for a typical $1,361 a month — a 11.1% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,361^[2]
Gross yield: 11.1%^[2]
Cap rate: 6.6%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $1,213^[3]

#Climate risk

FEMA National Risk Index ratings for Cumberland County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: No Rating
Wildfire: Relatively Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively High
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Very High

#Who lives here

Population: 16,798^[3]
Median household income: $39,198^[3]

#Migration

Household moves in and out of Cumberland County over a year, from IRS tax-return data.

Net migration: -698^[5]
Moved in: 13,648
Moved out: 14,346

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 15
Elementary: 6
Middle: 2
High: 6

E E Smith High
High · Grades 9–12 · Cumberland County Schools
1,000 students
The Capitol Encore Academy
Other · Grades K–12 · The Capitol Encore Academy
832 students
Luther Nick Jeralds Middle
Middle · Grades 6–8 · Cumberland County Schools
602 students
Westarea Elementary
Elementary · Grades PK–5 · Cumberland County Schools
583 students
Cumberland Academy 6-12 Virtual School
High · Grades 6–12 · Cumberland County Schools
445 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 yield11.1%

Net yield (after ~40% expenses)6.6%

Annual rent$16,332

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$747

Loan principal$118,175

Down payment$29,544

Total interest paid$150,725

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 ratio0.71

Monthly cost to own$971

Monthly rent$1,361

Owning 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: 23rd percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 62nd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

3rd for highest rental yield in NCView list →

Frequently asked

How much is a home worth in ZIP code 28301?: The typical home in 28301 is worth $147,718, based on the Zillow Home Value Index.
Are home values rising in 28301?: Home values in 28301 are down 3.0% over the past year, and up 6.2% a year over five years.
What is the typical rent in 28301?: A typical home in 28301 rents for about $1,361 a month, a gross rental yield of 11.1%.
What is the property tax rate in 28301?: The effective property tax rate in 28301 is 0.8% — roughly $1,213 a year on a typical home.
Who lives in 28301?: ZIP code 28301 has a population of 16,798 and a median household income of $39,198.

#Comparable ZIPs

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

28304 vs 28301 →
Fayetteville, NC
Typical home
$200,541
Gross yield
8.5%
28377 vs 28301 →
Red Springs, NC
Typical home
$93,212
Gross yield
—
28303
Fayetteville, NC
Typical home
$212,735
Gross yield
8.4%
28314
Fayetteville, NC
Typical home
$229,017
Gross yield
7.6%
28311
Fayetteville, NC
Typical home
$243,213
Gross yield
6.9%
28305
Fayetteville, NC
Typical home
$254,733
Gross yield
5.9%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 28301 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC28301

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