Rental numbers for Rowan County, NC
The typical home here runs -$835 a month at 7.78% with 25% down, breaking even at about 0.9%. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.2%.
- Gross yield
- 6.1%
- typical home, Zillow
- Median ZIP yield
- 6.2%
- 4 ZIPs with full data
- Cash flow
- -$835/mo
- at 7.78%, 25% down
- Typical price
- $277,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,404/mo
- Zillow ZORI, Aug 2026
ZIP codes in Rowan County
11 with published figures
| 28159Spencer | $205,000 | $1,290* | 7.6% | 3.6% | -$490 | n/a |
| 28144Salisbury | $232,000 | $1,446 | 7.5% | 3.8% | -$515 | n/a |
| 28023China Grove | $295,000 | $1,561 | 6.3% | 3.1% | -$826 | n/a |
| 28146Salisbury | $304,000 | $1,538 | 6.1% | 2.9% | -$893 | n/a |
| 28088Landis | $278,000 | $1,210* | 5.2% | 2.0% | -$1,033 | n/a |
| 27054Woodleaf | $272,000 | $1,160* | 5.1% | 2.1% | -$994 | n/a |
| 28138Rockwell | $296,000 | $1,240* | 5.0% | 2.0% | -$1,096 | n/a |
| 27013Cleveland | $311,000 | $1,250* | 4.8% | 1.9% | -$1,182 | n/a |
| 28147Salisbury | $297,000 | $1,143 | 4.6% | 1.7% | -$1,177 | -2.8% |
| 28071Gold Hill | $337,000 | $1,160* | 4.1% | 1.4% | -$1,425 | n/a |
| 28125Mount Ulla | $455,000 | $1,320* | 3.5% | 1.0% | -$2,069 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.4%
- Rent, 12 months
- +1.6%
- Rent minus price growth
- +1.2 pts
- Property tax
- 0.65%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $224,393 | $1,072 |
| Aug 2022 | $261,099 | $1,211 |
| Aug 2023 | $262,686 | $1,283 |
| Aug 2024 | $275,963 | $1,344 |
| Aug 2025 | $276,281 | $1,382 |
| Aug 2026 | $277,472 | $1,404 |
HUD Fair Market Rent
FY2027, Rowan County, NC HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $992 | $1,012 | $1,262 | $1,604 | $2,109 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 23.2
- 1,365 units, last 12 months
- National percentile
- 93th
- among US counties
Tools
Test a listing in Rowan County against today's rate.
Open the calculatorPart of the Charlotte, NC metro.
Questions
- Is Rowan County good for rental property?
- The typical home here runs -$835 a month at 7.78% with 25% down, breaking even at about 0.9%. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.2%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Rowan County?
- About 0.65% of value, from Census ACS median taxes paid over median home value. On a $277,000 home that is about $1,809 a year.
- What is Fair Market Rent in Rowan County?
- HUD's FY2027 Fair Market Rent here is $1,012 for a 1-bedroom, $1,262 for a 2-bedroom and $1,604 for a 3-bedroom. Typical cash flow at today's rate is -$835 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.