How much is a home worth in ZIP code 28304?

The typical home in 28304 is worth $200,541, based on the Zillow Home Value Index.

Are home values rising in 28304?

Home values in 28304 are down 0.3% over the past year, and up 8.1% a year over five years.

What is the typical rent in 28304?

A typical home in 28304 rents for about $1,413 a month, a gross rental yield of 8.5%.

What is the property tax rate in 28304?

The effective property tax rate in 28304 is 1.0% — roughly $2,076 a year on a typical home.

ZIP code 28304 has a population of 37,140 and a median household income of $58,563.

HousingHandbookReference data

…

U.S. ZIP Code · NC28304

Cumberland County · Fayetteville, NC

Typical home value

$200,541^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.3%
5-year / yr: +8.1%
10-year / yr: +7.2%

Relative price

vs U.S.: -29.4%
vs metro: -23.0%
vs state: -29.5%

Price history

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

The typical home in 28304 is worth $200,541 — 23.0% below the Fayetteville, NC median. Over the past year, values have fallen 0.3%. Homes here rent for a typical $1,413 a month — a 8.5% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,413^[2]
Gross yield: 8.5%^[2]
Cap rate: 5.1%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $2,076^[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: 37,140^[3]
Median household income: $58,563^[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: 14
Elementary: 8
Middle: 3
High: 2

Seventy-First High
High · Grades 9–12 · Cumberland County Schools
1,360 students
John R Griffin Middle
Middle · Grades 6–8 · Cumberland County Schools
1,057 students
Alpha Academy
Other · Grades K–12 · Alpha Academy
1,043 students
Douglas Byrd High
High · Grades 9–12 · Cumberland County Schools
1,002 students
Douglas Byrd Middle
Middle · Grades 6–8 · Cumberland County Schools
902 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 yield8.5%

Net yield (after ~40% expenses)5.1%

Annual rent$16,955

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$1,014

Loan principal$160,433

Down payment$40,108

Total interest paid$204,623

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 ratio0.96

Monthly cost to own$1,355

Monthly rent$1,413

Owning and renting are roughly even.

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: 92nd percentile^[1]
Rental yield: 89th percentile^[2]
Property tax: 92nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28304?: The typical home in 28304 is worth $200,541, based on the Zillow Home Value Index.
Are home values rising in 28304?: Home values in 28304 are down 0.3% over the past year, and up 8.1% a year over five years.
What is the typical rent in 28304?: A typical home in 28304 rents for about $1,413 a month, a gross rental yield of 8.5%.
What is the property tax rate in 28304?: The effective property tax rate in 28304 is 1.0% — roughly $2,076 a year on a typical home.
Who lives in 28304?: ZIP code 28304 has a population of 37,140 and a median household income of $58,563.

#Comparable ZIPs

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

28303 vs 28304 →
Fayetteville, NC
Typical home
$212,735
Gross yield
8.4%
28314 vs 28304 →
Fayetteville, NC
Typical home
$229,017
Gross yield
7.6%
28311
Fayetteville, NC
Typical home
$243,213
Gross yield
6.9%
28301
Fayetteville, NC
Typical home
$147,718
Gross yield
11.1%
28305
Fayetteville, NC
Typical home
$254,733
Gross yield
5.9%
28348
Hope Mills, NC
Typical home
$266,047
Gross yield
7.7%

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

Compare ZIPs

Pit ZIP 28304 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC28304

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