How much is a home worth in ZIP code 28601?

The typical home in 28601 is worth $305,914, based on the Zillow Home Value Index.

Are home values rising in 28601?

Home values in 28601 are up 2.2% over the past year, and up 6.5% a year over five years.

What is the typical rent in 28601?

A typical home in 28601 rents for about $1,395 a month, a gross rental yield of 5.5%.

What is the property tax rate in 28601?

The effective property tax rate in 28601 is 0.7% — roughly $2,123 a year on a typical home.

ZIP code 28601 has a population of 53,329 and a median household income of $67,817.

HousingHandbookReference data

…

U.S. ZIP Code · NC28601

Catawba County · Hickory-Lenoir-Morganton, NC

Typical home value

$305,914^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.2%
5-year / yr: +6.5%
10-year / yr: +7.5%

Relative price

vs U.S.: +7.7%
vs metro: +18.1%
vs state: +7.5%

Price history

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

The typical home in 28601 is worth $305,914 — 18.1% above the Hickory-Lenoir-Morganton, NC median. Over the past year, values have risen 2.2%. Homes here rent for a typical $1,395 a month — a 5.5% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $1,395^[2]
Gross yield: 5.5%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,123^[3]

#Climate risk

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

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Relatively Low
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 53,329^[3]
Median household income: $67,817^[3]

#Migration

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

Net migration: +761^[5]
Moved in: 4,965
Moved out: 4,204

Schools

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

Public schools: 12
Elementary: 7
Middle: 2
High: 3

Saint Stephens High
High · Grades 9–12 · Catawba County Schools
1,298 students
Hickory High
High · Grades 9–12 · Hickory City Schools
1,034 students
Harry M Arndt Middle
Middle · Grades 7–8 · Catawba County Schools
628 students
Snow Creek Elementary
Elementary · Grades PK–6 · Catawba County Schools
569 students
Clyde Campbell Elementary
Elementary · Grades PK–6 · Catawba County Schools
501 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 yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$16,740

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$1,547

Loan principal$244,731

Down payment$61,183

Total interest paid$312,141

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 ratio1.42

Monthly cost to own$1,978

Monthly rent$1,395

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: 53rd percentile^[1]
Rental yield: 25th percentile^[2]
Property tax: 100th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28601?: The typical home in 28601 is worth $305,914, based on the Zillow Home Value Index.
Are home values rising in 28601?: Home values in 28601 are up 2.2% over the past year, and up 6.5% a year over five years.
What is the typical rent in 28601?: A typical home in 28601 rents for about $1,395 a month, a gross rental yield of 5.5%.
What is the property tax rate in 28601?: The effective property tax rate in 28601 is 0.7% — roughly $2,123 a year on a typical home.
Who lives in 28601?: ZIP code 28601 has a population of 53,329 and a median household income of $67,817.

#Comparable ZIPs

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

28650 vs 28601 →
Maiden, NC
Typical home
$314,872
Gross yield
—
28609 vs 28601 →
Catawba, NC
Typical home
$316,143
Gross yield
—
28613
Conover, NC
Typical home
$278,136
Gross yield
—
28610
Claremont, NC
Typical home
$262,051
Gross yield
—
28681
Bethlehem CDP, NC
Typical home
$261,880
Gross yield
—
28655
Morganton, NC
Typical home
$259,077
Gross yield
6.0%

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#Jump to section

U.S. ZIP Code · NC28601

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