States › North Carolina › Cleveland County › ZIP 28090
ZIP code
ZIP 28090
Cleveland County · Shelby-Kings Mountain, NC · North Carolina
FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. FHFA describes its ZIP code indexes as developmental: they may be revised as new data arrive or methods change, and the index does not give a dollar value for any home.
Cleveland County, North Carolina ZIP 28090 has 32 years of index history. Since 1993 the FHFA index has moved from 100 to 336, a change of +236.0%.
Over the five years to 2025 the index rose +75.8%, well above the national +47.0%.
By decade, the strongest was the 2010s (+15.1%) and the weakest the 2000s (+14.3%).
From its 2007 peak the index fell −10.8% to a 2013 low and regained the peak in 2019.
Building activity is measured at county level: Cleveland County authorised 551 housing units in the 12 months to August 2026, 5.3 per 1,000 residents, 70% of them single-family.
Same span, five levels
| Change in the FHFA index | ZIP 28090 | Cleveland County | Shelby-Kings Mountain area | North Carolina | United States |
|---|---|---|---|---|---|
| 1 year (2024–2025) | −3.4% | +2.7% | +2.7% | +2.5% | +2.8% |
| 5 years (2020–2025) | +75.8% | +66.7% | +66.7% | +60.4% | +47.0% |
| 10 years (2015–2025) | — | +113.3% | +113.3% | +106.6% | +85.0% |
| 20 years (2005–2025) | +109.9% | +113.1% | +113.1% | +117.3% | +79.1% |
| Since 2000 | +131.4% | +144.7% | +144.7% | +159.5% | +158.3% |
| Since 1993 | +236.0% | +232.2% | +232.2% | +248.7% | +242.6% |
| 10-year annualised | — | +7.9% | +7.9% | +7.5% | +6.3% |
| 20-year annualised | +3.8% | +3.9% | +3.9% | +4.0% | +3.0% |
Every column uses FHFA's annual all-transactions index family and the same start and end years, so the figures are directly comparable. A dash means the level has no index for that span.
Decade by decade
| Decade | Change | United States | |
|---|---|---|---|
| 2000s (2000–2010) | +14.3% | +29.7% | |
| 2010s (2010–2020) | +15.1% | +35.5% | |
| 2020s so far (2020–2025) | +75.8% | +47.0% |
FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1993 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1993 are not shown.
Peak-to-low declines
Falls of 5% or more from a previous high in the annual index, and the year the earlier peak was regained.
| Peak | Low | Decline | Peak regained |
|---|---|---|---|
| 2007 | 2013 | −10.8% | 2019 |
Building permits in Cleveland County
Permits are reported by county and by permit-issuing place, not by ZIP code. Housing units authorised in Cleveland County, latest 12 months.
Housing units authorised in Cleveland County by month, Sep 2025 to Aug 2026single-family2+ unit buildings
Full permit history and every city in Cleveland County
Other ZIP codes in Cleveland County
Ranked by ten-year change in the FHFA index.
| ZIP | 1 year | 10 years | Since 2000 | Index through |
|---|---|---|---|---|
| 28114 | +31.1% | +156.3% | +229.1% | 2025 |
| 28073 | +21.3% | +146.6% | +153.6% | 2024 |
| 28086 | +5.5% | +125.0% | +151.7% | 2025 |
| 28150 | −2.0% | +110.2% | +145.0% | 2025 |
| 28152 | −0.4% | +105.0% | +135.5% | 2025 |
| 28020 | +1.6% | +59.7% | — | 2022 |
All 7 ZIP codes in Cleveland County
Questions and answers
How much have home values in ZIP 28090 risen over 10 years?
FHFA's index for 28090 does not cover a full ten years ending 2025; the change since 1993 is +236.0%.
How does 28090 compare with Cleveland County?
Over the same ten years to 2025, Cleveland County rose +113.3%, North Carolina +106.6% and the United States +85.0%, against — for the ZIP.
What happened to prices in 28090 after 2007?
The index peaked in 2007, fell −10.8% to its 2013 low and passed the earlier peak again in 2019. Nationally the fall was −21.3% from 2007 to 2012.
How many homes are being built in 28090?
Building permits are published by place and county, not by ZIP. Cleveland County authorised 551 housing units in the 12 months to August 2026, −2.8% on the previous 12 months. The county page lists permits by month and by city.
Where does the index for this ZIP come from?
From the Federal Housing Finance Agency's annual five-digit ZIP code house price index (all-transactions), last updated March 31, 2026. FHFA labels the ZIP-level indexes developmental: they are calibrated on appraisal values and sales prices for mortgages bought or guaranteed by Fannie Mae and Freddie Mac, and may be revised. The index tracks price changes for the same homes over time; it does not give a dollar value for any home.
Provenance
Index: Federal Housing Finance Agency, annual house price index for five-digit ZIP codes (all-transactions, developmental), last updated March 31, 2026, values 1993–2025, public domain. County, state and national comparison series are FHFA's annual indexes for those levels from the same release. ZIP to county assignment uses the Census Bureau's 2020 ZCTA-to-county relationship file (largest land share); county to metro uses OMB's July 2023 delineations. Permits: Census Bureau Building Permits Survey through August 2026. Errors in processing are corrected at the next build; see corrections. FHFA HPI datasets.