HousingHandbookReference data

U.S. ZIP Code · NC28906

Cherokee County

Typical home value

$280,188[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.4%
5-year / yr
+6.9%
10-year / yr
+8.0%

Relative price

vs U.S.
-1.4%
vs metro
vs state
-1.6%
ZIP 28906 location in NC
Location of ZIP 28906 in NC

Price history

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

The typical home in 28906 is worth $280,188. Over the past year, values have fallen 0.4%. The effective property tax rate is 0.4%.

#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
0.4%[3]
Typical annual tax
$1,216[3]

#Climate risk

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

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

#Who lives here

Population
20,526[3]
Median household income
$55,759[3]

#Migration

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

Net migration
+201[5]
Moved in
929
Moved out
728

Schools

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

Public schools
10
Elementary
5
Middle
1
High
4
  • Murphy Elementary

    Elementary · Grades PK–5 · Cherokee County Schools

    516 students

  • Murphy High

    High · Grades 9–12 · Cherokee County Schools

    433 students

  • Murphy Middle

    Middle · Grades 6–8 · Cherokee County Schools

    297 students

  • Ranger Elementary/Middle

    Elementary · Grades PK–8 · Cherokee County Schools

    277 students

  • Martins Creek Elementary/Mid

    Elementary · Grades PK–8 · Cherokee County Schools

    190 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$1,417
Loan principal$224,151
Down payment$56,038
Total interest paid$285,892

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$1,751
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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 28906?
The typical home in 28906 is worth $280,188, based on the Zillow Home Value Index.
Are home values rising in 28906?
Home values in 28906 are down 0.4% over the past year, and up 6.9% a year over five years.
What is the property tax rate in 28906?
The effective property tax rate in 28906 is 0.4% — roughly $1,216 a year on a typical home.
Who lives in 28906?
ZIP code 28906 has a population of 20,526 and a median household income of $55,759.

Compare ZIPs

Pit ZIP 28906 against any other ZIP — full side-by-side table.

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