HousingHandbookReference data

U.S. ZIP Code · NC28607

Watauga County

Typical home value

$493,209[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.3%
5-year / yr
+6.7%
10-year / yr
+7.1%

Relative price

vs U.S.
+73.6%
vs metro
vs state
+73.3%
ZIP 28607 location in NC
Location of ZIP 28607 in NC

Price history

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

The typical home in 28607 is worth $493,209. Over the past year, values have fallen 0.3%. Homes here rent for a typical $1,666 a month — a 4.1% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent
$1,666[2]
Gross yield
4.1%[2]
Cap rate
2.4%[2]

#Property tax

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

Effective tax rate
0.5%[3]
Typical annual tax
$2,295[3]

#Climate risk

FEMA National Risk Index ratings for Watauga 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 Moderate
Heat wave
No Rating
Hurricane
Relatively Low
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
35,679[3]
Median household income
$46,639[3]

#Migration

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

Net migration
-233[5]
Moved in
1,678
Moved out
1,911

Schools

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

Public schools
7
Elementary
5
Middle
0
High
2
  • Watauga High

    High · Grades 9–12 · Watauga County Schools

    1,279 students

  • Hardin Park Elementary

    Elementary · Grades PK–8 · Watauga County Schools

    859 students

  • Parkway Elementary

    Elementary · Grades PK–8 · Watauga County Schools

    649 students

  • Watauga Innovation Academy

    High · Grades 9–12 · Watauga County Schools

    305 students

  • Green Valley Elementary

    Elementary · Grades PK–8 · Watauga County Schools

    268 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.

Gross yield4.1%
Net yield (after ~40% expenses)2.4%
Annual rent$19,995

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.

Monthly payment$2,494
Loan principal$394,567
Down payment$98,642
Total interest paid$503,248

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.

Own : rent ratio1.86
Monthly cost to own$3,098
Monthly rent$1,666

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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 28607?
The typical home in 28607 is worth $493,209, based on the Zillow Home Value Index.
Are home values rising in 28607?
Home values in 28607 are down 0.3% over the past year, and up 6.7% a year over five years.
What is the typical rent in 28607?
A typical home in 28607 rents for about $1,666 a month, a gross rental yield of 4.1%.
What is the property tax rate in 28607?
The effective property tax rate in 28607 is 0.5% — roughly $2,295 a year on a typical home.
Who lives in 28607?
ZIP code 28607 has a population of 35,679 and a median household income of $46,639.

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