How much is a home worth in ZIP code 28312?

The typical home in 28312 is worth $299,046, based on the Zillow Home Value Index.

Are home values rising in 28312?

Home values in 28312 are up 2.3% over the past year, and up 6.1% a year over five years.

What is the typical rent in 28312?

A typical home in 28312 rents for about $2,000 a month, a gross rental yield of 8.0%.

What is the property tax rate in 28312?

The effective property tax rate in 28312 is 0.8% — roughly $2,407 a year on a typical home.

ZIP code 28312 has a population of 19,793 and a median household income of $67,754.

HousingHandbookReference data

…

U.S. ZIP Code · NC28312

Cumberland County · Fayetteville, NC

Typical home value

$299,046^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.3%
5-year / yr: +6.1%
10-year / yr: +6.5%

Relative price

vs U.S.: +5.3%
vs metro: +14.8%
vs state: +5.1%

Price history

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

The typical home in 28312 is worth $299,046 — 14.8% above the Fayetteville, NC median. Over the past year, values have risen 2.3%. Homes here rent for a typical $2,000 a month — a 8.0% 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: $2,000^[2]
Gross yield: 8.0%^[2]
Cap rate: 4.8%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,407^[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: 19,793^[3]
Median household income: $67,754^[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: 5
Elementary: 3
Middle: 1
High: 1

Cape Fear High
High · Grades 9–12 · Cumberland County Schools
1,514 students
Mac Williams Middle
Middle · Grades 6–8 · Cumberland County Schools
1,163 students
Armstrong Elementary
Elementary · Grades PK–5 · Cumberland County Schools
485 students
Eastover-Central Elementary
Elementary · Grades PK–5 · Cumberland County Schools
393 students
Sunnyside Elementary
Elementary · Grades K–5 · Cumberland County Schools
343 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 yield8.0%

Net yield (after ~40% expenses)4.8%

Annual rent$24,000

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$1,512

Loan principal$239,237

Down payment$59,809

Total interest paid$305,133

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 ratio0.98

Monthly cost to own$1,961

Monthly rent$2,000

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: 15th percentile^[1]
Rental yield: 67th percentile^[2]
Property tax: 38th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28312?: The typical home in 28312 is worth $299,046, based on the Zillow Home Value Index.
Are home values rising in 28312?: Home values in 28312 are up 2.3% over the past year, and up 6.1% a year over five years.
What is the typical rent in 28312?: A typical home in 28312 rents for about $2,000 a month, a gross rental yield of 8.0%.
What is the property tax rate in 28312?: The effective property tax rate in 28312 is 0.8% — roughly $2,407 a year on a typical home.
Who lives in 28312?: ZIP code 28312 has a population of 19,793 and a median household income of $67,754.

#Comparable ZIPs

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

28395 vs 28312 →
Wade, NC
Typical home
$299,590
Gross yield
—
28376 vs 28312 →
Five Points CDP, NC
Typical home
$286,409
Gross yield
7.1%
28356
Linden, NC
Typical home
$313,900
Gross yield
—
28391
Stedman, NC
Typical home
$280,814
Gross yield
—
28306
Fayetteville, NC
Typical home
$275,505
Gross yield
7.3%
28348
Hope Mills, NC
Typical home
$266,047
Gross yield
7.7%

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Pit ZIP 28312 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC28312

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