Rental numbers for the Boone, NC metro
The typical home here runs -$1,427 a month at 7.78% with 25% down, breaking even at about 1.4%. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.5%.
- Gross yield
- 5.6%
- typical home, Zillow
- Median ZIP yield
- 5.5%
- 1 ZIPs with full data
- Cash flow
- -$1,427/mo
- at 7.78%, 25% down
- Typical price
- $506,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,363/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
8 with published figures
| 28607Boone | $491,000 | $2,247 | 5.5% | 2.9% | -$1,448 | n/a |
| 28698Zionville | $340,000 | $1,150* | 4.1% | 1.5% | -$1,417 | n/a |
| 28679Vilas | $403,000 | $1,210* | 3.6% | 1.3% | -$1,747 | n/a |
| 28618Deep Gap | $395,000 | $1,150* | 3.5% | 1.2% | -$1,742 | n/a |
| 28692Vilas | $420,000 | $1,150* | 3.3% | 1.0% | -$1,922 | n/a |
| 28684Todd | $469,000 | $1,180* | 3.0% | 0.7% | -$2,244 | n/a |
| 28604Banner Elk | $489,000 | $1,150* | 2.8% | 0.6% | -$2,381 | n/a |
| 28605Blowing Rock | $771,000 | $1,200* | 1.9% | -0.0% | -$4,171 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.9%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.38%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $392,220 | n/a |
| Aug 2022 | $475,260 | n/a |
| Aug 2023 | $480,770 | n/a |
| Aug 2024 | $504,654 | n/a |
| Aug 2025 | $501,174 | n/a |
| Aug 2026 | $505,960 | $2,363 |
Counties
- Avery County, NCn/a median yield
- Watauga County, NC5.5% median yield
Tools
Questions
- Is the Boone, NC metro good for rental property?
- The typical home here runs -$1,427 a month at 7.78% with 25% down, breaking even at about 1.4%. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.5%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Boone, NC metro have the highest rental yield?
- 28607 (Boone) at 5.5%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.