ZIP Code · NC

ZIP 28166

Part of Troutman, NC

Pop. 11,875·Iredell County·19th most expensive ZIP in North Carolina

Median rent (all units)

$2,078/mo

Year-over-Year

+10.3%

Month-over-Month

-0.5%

vs US Median

+$146

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 28166 · $2,078

More expensive than 65% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,300

1 BR

$1,360

2 BR

$1,490

3 BR

$2,010

4 BR+

$2,500

Research median

$1,490/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 28166 is 0.5% below its high of $2,088 in August 2026, at $2,078 as of September 2026.

Past year vs. the rest of North Carolina

Rent in ZIP 28166 changed +10.3% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($93,511) is $2,338 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,010); a 4-bedroom is $2,500.

Cheaper nearby

ZIP 28677, 5 miles away, rents for 26% less ($1,542/mo), about $6,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 28166. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,936/yr

At $2,078/mo median

Location

CityTroutman

StateNC

CountyIredell County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 10.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+10.3% YoY, -0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 28166 (Troutman, NC) is majority owner-occupied, has a median income above the national average, 27.4% of residents hold a bachelor's degree or higher.

Population

11,875

Median income

$93,511

Median age

39.1

Renters

16.2%

Age distribution

21.6%

21.8%

26.9%

13.9%

15.9%

Under 1821.6%

18–3421.8%

35–5426.9%

55–6413.9%

65+15.9%

Gender

48.1%

51.9%

Male48.1%

Female51.9%

Race & ethnicity

79.7%

15.5%

White79.7%

Black15.5%

Hispanic4.6%

Asian1.1%

Education (25+)

27.5%

37.8%

27.4%

No HS diploma7.3%

HS diploma27.5%

Some college37.8%

Bachelor's+27.4%

Housing tenure

83.8%

16.2%

Owner83.8%

Renter16.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 28166 in Troutman, NC has changed in 5 years

Income

$73,269 → $93,511

up 27.6%

Population

10,536 → 11,875

up 12.7%

Renter share

18.7% → 16.2%

-2.5 pts

Bachelor's+

25.5% → 27.4%

+1.9 pts

Household income in the area moved from $73,269 to $93,511 across the same window, up 27.6% versus 2021. Headcount in the area went from 10,536 to 11,875 between 2021 and 2024, a 12.7% change. About 16.2% of households rent today, against 18.7% in 2021.

Community

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Local insights

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About renting in ZIP 28166

Last updated: October 17, 2026

ZIP code 28166 covers Troutman, NC. The median rent here is $2,078/mo as of October 2026. A 1-bedroom rents for a median of $1,360/mo. A 2-bedroom rents for a median of $1,490/mo.

At 27% of local median household income ($93,511/yr), ZIP 28166 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 28166?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (about $40/hour full-time) to afford the median rent of $2,078/mo in ZIP 28166. The local median household income is $93,511/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 28166?

Rent in ZIP 28166 has risen 10.3% over the past year as of September 2026. It sits 0.5% below its high of $2,088 in August 2026.

How does ZIP 28166 compare to other ZIPs in North Carolina?

ZIP 28166 is one of the pricier among North Carolina ZIP codes for rent, ranking #19 of 230 at $2,078/mo. Over the year to September 2026, rent in ZIP 28166 changed +10.3%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.