How much is a home worth in ZIP code 28348?

The typical home in 28348 is worth $266,047, based on the Zillow Home Value Index.

Are home values rising in 28348?

Home values in 28348 are up 1.0% over the past year, and up 7.1% a year over five years.

What is the typical rent in 28348?

A typical home in 28348 rents for about $1,702 a month, a gross rental yield of 7.7%.

What is the property tax rate in 28348?

The effective property tax rate in 28348 is 0.8% — roughly $2,096 a year on a typical home.

ZIP code 28348 has a population of 39,196 and a median household income of $66,129.

HousingHandbookReference data

…

U.S. ZIP Code · NC28348

Cumberland County · Fayetteville, NC

Typical home value

$266,047^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.0%
5-year / yr: +7.1%
10-year / yr: +6.0%

Relative price

vs U.S.: -6.3%
vs metro: +2.2%
vs state: -6.5%

Price history

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

The typical home in 28348 is worth $266,047 — 2.2% above the Fayetteville, NC median. Over the past year, values have risen 1.0%. Homes here rent for a typical $1,702 a month — a 7.7% 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: $1,702^[2]
Gross yield: 7.7%^[2]
Cap rate: 4.6%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,096^[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: 39,196^[3]
Median household income: $66,129^[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: 10
Elementary: 5
Middle: 3
High: 2

South View High
High · Grades 9–12 · Cumberland County Schools
1,451 students
Gray's Creek High
High · Grades 9–12 · Cumberland County Schools
1,419 students
Gray's Creek Middle
Middle · Grades 6–8 · Cumberland County Schools
1,088 students
Gallberry Farm Elementary
Elementary · Grades PK–5 · Cumberland County Schools
914 students
Rockfish Elementary
Elementary · Grades PK–5 · Cumberland County Schools
669 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 yield7.7%

Net yield (after ~40% expenses)4.6%

Annual rent$20,420

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$1,345

Loan principal$212,838

Down payment$53,209

Total interest paid$271,463

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 ratio1.02

Monthly cost to own$1,742

Monthly rent$1,702

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: 62nd percentile^[1]
Rental yield: 56th percentile^[2]
Property tax: 23rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28348?: The typical home in 28348 is worth $266,047, based on the Zillow Home Value Index.
Are home values rising in 28348?: Home values in 28348 are up 1.0% over the past year, and up 7.1% a year over five years.
What is the typical rent in 28348?: A typical home in 28348 rents for about $1,702 a month, a gross rental yield of 7.7%.
What is the property tax rate in 28348?: The effective property tax rate in 28348 is 0.8% — roughly $2,096 a year on a typical home.
Who lives in 28348?: ZIP code 28348 has a population of 39,196 and a median household income of $66,129.

#Comparable ZIPs

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

28306 vs 28348 →
Fayetteville, NC
Typical home
$275,505
Gross yield
7.3%
28305 vs 28348 →
Fayetteville, NC
Typical home
$254,733
Gross yield
5.9%
28391
Stedman, NC
Typical home
$280,814
Gross yield
—
28376
Five Points CDP, NC
Typical home
$286,409
Gross yield
7.1%
28311
Fayetteville, NC
Typical home
$243,213
Gross yield
6.9%
28312
Eastover, NC
Typical home
$299,046
Gross yield
8.0%

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Pit ZIP 28348 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC28348

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