ZIP 28114 vs ZIP 28020

28114 is one of 12 ZIP codes that lie mostly in Cleveland County, NC — 54% of its own area is in the county.

Shaded by typical home value, it ranks 8 of the 10 with a value.

1 school location in 28114: 1 high.

In alphabetical order: Thomas Jefferson Class Academy. Locations only — no ratings are shown here.

28020 is one of 12 ZIP codes that lie mostly in Cleveland County, NC — 87% of its own area is in the county.

Shaded by typical home value, it ranks 9 of the 10 with a value.

1 school location in 28020: 1 elementary.

In alphabetical order: Casar Elementary. Locations only — no ratings are shown here.

In January 2000 the typical home in 28114 was worth $65,866.

Values peaked at $168,147 in July 2024. The latest reading is −5.0% from that peak.

As of August 2026: $159,709, +4.9% over twelve months.

Start with the typical home: $159,709. Put 20% down and borrow $127,767 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $885 a month in principal and interest.

The median household here earns $60,439 a year, $5,037 a month. So the payment takes 17.6% of income — rated “affordable” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 7.2% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $394.

In December 2020, with rates at 2.68%, it was $427.

By August 2026, at 6.67%, it was $822 — +92% since December 2020, while the home's value moved +21%.

Reported values rose +142% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $129,993. So the real change is +23%, not +142%.

28114: +143% since January 2000.

Cleveland County: +130% since January 2000.

North Carolina: +156% since January 2000 — 28114 ran behind it by 14 points.

Owning the typical home costs about $1,044 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $677 a month.

Price divided by a year's rent: 19.7. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 28020 was worth $73,009.

Values peaked at $189,569 in May 2023. The latest reading is −17.6% from that peak.

As of August 2026: $156,230, +3.8% over twelve months.

Start with the typical home: $156,230. Put 20% down and borrow $124,984 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $865 a month in principal and interest.

The median household here earns $61,750 a year, $5,146 a month. So the payment takes 16.8% of income — rated “affordable” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 7.9% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $437.

In December 2020, with rates at 2.68%, it was $480.

By August 2026, at 6.67%, it was $804 — +67% since December 2020, while the home's value moved +5%.

Reported values rose +114% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $144,091. So the real change is +8%, not +114%.

28020: +114% since January 2000.

Cleveland County: +130% since January 2000.

North Carolina: +156% since January 2000 — 28020 ran behind it by 42 points.

Owning the typical home costs about $1,022 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $725 a month.

Price divided by a year's rent: 18.0. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 8 a month (Redfin, 3-month rolling data through August 2026).

On the shelf — homes for sale at the end of the period: 27.

Going out — closed sales: about 3 a month. The drain is drawn 33% narrower: the share of homes for sale that sell each month is 67% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 8.1 months of supply — above the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 4 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 3 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 2 — so sales ran at 150% of it, and below it in 0 of the last 24 months.

Across Cleveland County, builders pulled permits for 555 new homes in 2025.

Of those, 71% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Across Cleveland County, builders pulled permits for 555 new homes in 2025.

Of those, 71% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Cleveland County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 1,527 moved in. Among the ten receiving the most, 1,267 moved out.

Net across those counties: +260 households. Beside it, homes for sale in this ZIP: 27 in June 2026.

Most arrivals came from Gaston, NC (724 households); most departures went to Gaston, NC (509).

This ZIP sits in Cleveland County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 1,527 moved in. Among the ten receiving the most, 1,267 moved out.

Net across those counties: +260 households. Beside it, homes for sale in this ZIP: 5 in June 2026.

Most arrivals came from Gaston, NC (724 households); most departures went to Gaston, NC (509).