HousingHandbookReference data

U.S. ZIP Code · NC28650

Catawba County · Hickory-Lenoir-Morganton, NC

Typical home value

$314,872[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.6%
5-year / yr
+6.8%
10-year / yr
+8.6%

Relative price

vs U.S.
+10.8%
vs metro
+21.5%
vs state
+10.6%
ZIP 28650 location in NC
Location of ZIP 28650 in NC

Price history

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

The typical home in 28650 is worth $314,872 — 21.5% above the Hickory-Lenoir-Morganton, NC median. Over the past year, values have risen 1.6%. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$1,762[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
12,746[3]
Median household income
$74,922[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
4
Elementary
2
Middle
1
High
1
  • Maiden High

    High · Grades 9–12 · Catawba County Schools

    879 students

  • Maiden Elementary

    Elementary · Grades PK–6 · Catawba County Schools

    538 students

  • Maiden Middle School

    Middle · Grades 7–8 · Catawba County Schools

    405 students

  • Charles H Tuttle Elementary

    Elementary · Grades K–6 · Catawba County Schools

    384 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 yield
Net yield (after ~40% expenses)
Annual rent

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$1,592
Loan principal$251,898
Down payment$62,974
Total interest paid$321,282

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 ratio
Monthly cost to own$2,001
Monthly rent

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
88th percentile[1]
Rental yield
[2]
Property tax
38th percentile[3]

Frequently asked

How much is a home worth in ZIP code 28650?
The typical home in 28650 is worth $314,872, based on the Zillow Home Value Index.
Are home values rising in 28650?
Home values in 28650 are up 1.6% over the past year, and up 6.8% a year over five years.
What is the property tax rate in 28650?
The effective property tax rate in 28650 is 0.6% — roughly $1,762 a year on a typical home.
Who lives in 28650?
ZIP code 28650 has a population of 12,746 and a median household income of $74,922.

#Comparable ZIPs

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

  • Catawba, NC

    Typical home
    $316,143
    Gross yield
  • Hickory, NC

    Typical home
    $305,914
    Gross yield
    5.5%
  • Conover, NC

    Typical home
    $278,136
    Gross yield
  • Claremont, NC

    Typical home
    $262,051
    Gross yield
  • Bethlehem CDP, NC

    Typical home
    $261,880
    Gross yield
  • Morganton, NC

    Typical home
    $259,077
    Gross yield
    6.0%

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