How much is a home worth in ZIP code 29720?

The typical home in 29720 is worth $289,310, based on the Zillow Home Value Index.

Are home values rising in 29720?

Home values in 29720 are down 2.1% over the past year, and up 4.4% a year over five years.

What is the typical rent in 29720?

A typical home in 29720 rents for about $1,423 a month, a gross rental yield of 5.9%.

What is the property tax rate in 29720?

The effective property tax rate in 29720 is 0.5% — roughly $1,542 a year on a typical home.

ZIP code 29720 has a population of 53,584 and a median household income of $62,969.

HousingHandbookReference data

…

U.S. ZIP Code · SC29720

Lancaster County · Charlotte-Concord-Gastonia, NC-SC

Typical home value

$289,310^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.1%
5-year / yr: +4.4%
10-year / yr: +6.7%

Relative price

vs U.S.: +1.8%
vs metro: -13.7%
vs state: +27.7%

Price history

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

The typical home in 29720 is worth $289,310 — 13.7% below the Charlotte-Concord-Gastonia, NC-SC median. Over the past year, values have fallen 2.1%. Homes here rent for a typical $1,423 a month — a 5.9% 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: $1,423^[2]
Gross yield: 5.9%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $1,542^[3]

#Climate risk

FEMA National Risk Index ratings for Lancaster 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: Very Low
Heat wave: Relatively Low
Hurricane: Relatively Low
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Low

#Who lives here

Population: 53,584^[3]
Median household income: $62,969^[3]

#Migration

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

Net migration: +1,075^[5]
Moved in: 3,789
Moved out: 2,714

Schools

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

Public schools: 15
Elementary: 8
Middle: 3
High: 4

Indian Land High
High · Grades 9–12 · Lancaster 01
1,821 students
Lancaster High
High · Grades 9–12 · Lancaster 01
1,393 students
Van Wyck Elementary
Elementary · Grades PK–4 · Lancaster 01
819 students
Buford Elementary
Elementary · Grades PK–5 · Lancaster 01
758 students
North Elementary
Elementary · Grades PK–5 · Lancaster 01
618 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 yield5.9%

Net yield (after ~40% expenses)3.5%

Annual rent$17,070

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$1,463

Loan principal$231,448

Down payment$57,862

Total interest paid$295,199

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 ratio1.29

Monthly cost to own$1,832

Monthly rent$1,423

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: 12th percentile^[1]
Rental yield: 65th percentile^[2]
Property tax: 20th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 29720?: The typical home in 29720 is worth $289,310, based on the Zillow Home Value Index.
Are home values rising in 29720?: Home values in 29720 are down 2.1% over the past year, and up 4.4% a year over five years.
What is the typical rent in 29720?: A typical home in 29720 rents for about $1,423 a month, a gross rental yield of 5.9%.
What is the property tax rate in 29720?: The effective property tax rate in 29720 is 0.5% — roughly $1,542 a year on a typical home.
Who lives in 29720?: ZIP code 29720 has a population of 53,584 and a median household income of $62,969.

#Comparable ZIPs

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

28034 vs 29720 →
Dallas, NC
Typical home
$288,858
Gross yield
7.6%
28634 vs 29720 →
Harmony, NC
Typical home
$287,935
Gross yield
—
29730
Rock Hill, SC
Typical home
$292,368
Gross yield
6.5%
28168
Belwood, NC
Typical home
$293,621
Gross yield
—
28023
China Grove, NC
Typical home
$295,531
Gross yield
5.9%
28677
Statesville, NC
Typical home
$282,023
Gross yield
6.3%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 29720 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · SC29720

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