Hickory-Lenoir-Morganton, NC · North Carolina

Burke County

ZIP 28612

87,863 residents477 permits TTM$55,684 median HHI9 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$170,500

ACS 5-Year

Cap rate proxy

5.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

17.3%

HUD FMR ÷ ACS HHI

Net migration

+1.34%

IRS SOI

Permits (TTM)

477

Census BPS

Climate risk

70.2

FEMA NRI (0–100)

ZIP 28612

Median home value

Gross yield

Buy Box score

0.4

Section 8 gap

Affordability

P/I: 4.1R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown9 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
28619county est.5.7%
28628county est.5.7%
28637county est.5.7%
28641county est.5.7%
28666county est.5.7%
28671county est.5.7%
286555.5%
286124.2%
286904.0%

Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.

Demographics

Owner-occupied

74.8%

Census ACS

Vacancy rate

10.4%

Census ACS

Bachelor's degree +

20.2%

Census ACS

Rent burdened

33.4%

Census ACS (>30% income)

Median age

44.9

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026