Fastest-Appreciating ZIP Codes in Hickory-Lenoir-Morganton, NC (2026)

Ranked by 5-year compound annual growth in home values. Fast growth and strong cash flow rarely appear in the same ZIP — this is the other side of that trade.

# ZIP City Home value Rent Cap rate 5-yr growth
1 28657 Newland, NC $298,302 $855 2.24% 7.5%
2 28168 Vale, NC $297,197 $954 2.50% 6.8%
3 28650 Maiden, NC $317,744 $954 2.34% 6.7%
4 28610 Claremont, NC $262,915 $1,026 3.04% 6.7%
5 28658 Newton, NC $259,151 $1,487 4.47% 6.5%
6 28602 Hickory, NC $254,384 $1,564 4.80% 6.5%
7 28681 Taylorsville, NC $270,778 $882 2.54% 6.5%
8 28613 Conover, NC $279,987 $1,813 5.05% 6.4%
9 28678 Stony Point, NC $276,563 $1,125 3.17% 6.3%
10 28609 Catawba, NC $319,213 $1,233 3.01% 6.2%
11 28636 Hiddenite, NC $235,816 $1,125 3.72% 6.2%
12 28601 Hickory, NC $309,762 $1,421 3.58% 6.0%
13 28690 Valdese, NC $251,226 $981 3.05% 5.9%
14 28645 Lenoir, NC $220,514 $1,180 4.17% 5.8%
15 28655 Morganton, NC $261,340 $1,483 4.42% 5.6%
16 28638 Sawmills, NC $252,737 $855 2.64% 5.5%
17 28630 Granite Falls, NC $260,221 $999 2.99% 5.4%
18 28673 Sherrills Ford, NC $502,938 $2,033 3.15% 5.2%
19 28682 Terrell, NC $532,182 $1,696 2.49% 4.8%
20 28611 Collettsville, NC $169,907 $927 4.26% 2.8%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →

Same metro, different strategy

Cash Flow in Hickory-Lenoir-Morganton, NC  ·  Affordable in Hickory-Lenoir-Morganton, NC

Or see the full Hickory-Lenoir-Morganton, NC metro profile.