diff --git a/homeassistant/components/thread/discovery.py b/homeassistant/components/thread/discovery.py
index 3395353b7bfaff..0f2997986cb199 100644
--- a/homeassistant/components/thread/discovery.py
+++ b/homeassistant/components/thread/discovery.py
@@ -60,11 +60,7 @@ def try_decode(value: bytes | None) -> str | None:
         except UnicodeDecodeError:
             return None
 
-    # Service properties are always bytes if they are set from the network.
-    # For legacy backwards compatibility zeroconf allows properties to be set
-    # as strings but we never do that so we can safely cast here.
-    service_properties = cast(dict[bytes, bytes | None], service.properties)
-
+    service_properties = service.properties
     border_agent_id = service_properties.get(b"id")
     model_name = try_decode(service_properties.get(b"mn"))
     network_name = try_decode(service_properties.get(b"nn"))
@@ -121,10 +117,7 @@ def async_read_zeroconf_cache(aiozc: AsyncZeroconf) -> list[ThreadRouterDiscover
             # data is not fully in the cache, so ignore for now
             continue
 
-        # Service properties are always bytes if they are set from the network.
-        # For legacy backwards compatibility zeroconf allows properties to be set
-        # as strings but we never do that so we can safely cast here.
-        service_properties = cast(dict[bytes, bytes | None], info.properties)
+        service_properties = info.properties
 
         if not (xa := service_properties.get(b"xa")):
             _LOGGER.debug("Ignoring record without xa %s", info)
@@ -189,10 +182,7 @@ async def _add_update_service(self, type_: str, name: str):
                 return
 
             _LOGGER.debug("_add_update_service %s %s", name, service)
-            # Service properties are always bytes if they are set from the network.
-            # For legacy backwards compatibility zeroconf allows properties to be set
-            # as strings but we never do that so we can safely cast here.
-            service_properties = cast(dict[bytes, bytes | None], service.properties)
+            service_properties = service.properties
 
             # We need xa and xp, bail out if either is missing
             if not (xa := service_properties.get(b"xa")):
diff --git a/homeassistant/components/zeroconf/__init__.py b/homeassistant/components/zeroconf/__init__.py
index bf0984d3989ef0..03662ef4ce6371 100644
--- a/homeassistant/components/zeroconf/__init__.py
+++ b/homeassistant/components/zeroconf/__init__.py
@@ -128,12 +128,12 @@ class ZeroconfServiceInfo(BaseServiceInfo):
     @property
     def host(self) -> str:
         """Return the host."""
-        return _stringify_ip_address(self.ip_address)
+        return str(self.ip_address)
 
     @property
     def addresses(self) -> list[str]:
         """Return the addresses."""
-        return [_stringify_ip_address(ip_address) for ip_address in self.ip_addresses]
+        return [str(ip_address) for ip_address in self.ip_addresses]
 
 
 @bind_hass
@@ -338,12 +338,13 @@ def _match_against_data(
     return True
 
 
-def _match_against_props(matcher: dict[str, str], props: dict[str, str]) -> bool:
+def _match_against_props(matcher: dict[str, str], props: dict[str, str | None]) -> bool:
     """Check a matcher to ensure all values in props."""
     return not any(
         key
         for key in matcher
-        if key not in props or not _memorized_fnmatch(props[key].lower(), matcher[key])
+        if key not in props
+        or not _memorized_fnmatch((props[key] or "").lower(), matcher[key])
     )
 
 
@@ -467,7 +468,7 @@ def _async_process_service_update(
             _LOGGER.debug("Failed to get addresses for device %s", name)
             return
         _LOGGER.debug("Discovered new device %s %s", name, info)
-        props: dict[str, str] = info.properties
+        props: dict[str, str | None] = info.properties
         domain = None
 
         # If we can handle it as a HomeKit discovery, we do that here.
@@ -563,10 +564,6 @@ def async_get_homekit_discovery(
     return None
 
 
-# matches to the cache in zeroconf itself
-_stringify_ip_address = lru_cache(maxsize=256)(str)
-
-
 def info_from_service(service: AsyncServiceInfo) -> ZeroconfServiceInfo | None:
     """Return prepared info from mDNS entries."""
     # See https://ietf.org/rfc/rfc6763.html#section-6.4 and
@@ -586,19 +583,10 @@ def info_from_service(service: AsyncServiceInfo) -> ZeroconfServiceInfo | None:
     if not ip_address:
         return None
 
-    # Service properties are always bytes if they are set from the network.
-    # For legacy backwards compatibility zeroconf allows properties to be set
-    # as strings but we never do that so we can safely cast here.
-    service_properties = cast(dict[bytes, bytes | None], service.properties)
-
-    properties: dict[str, Any] = {
-        k.decode("ascii", "replace"): None
-        if v is None
-        else v.decode("utf-8", "replace")
-        for k, v in service_properties.items()
-    }
-
-    assert service.server is not None, "server cannot be none if there are addresses"
+    if TYPE_CHECKING:
+        assert (
+            service.server is not None
+        ), "server cannot be none if there are addresses"
     return ZeroconfServiceInfo(
         ip_address=ip_address,
         ip_addresses=ip_addresses,
@@ -606,7 +594,7 @@ def info_from_service(service: AsyncServiceInfo) -> ZeroconfServiceInfo | None:
         hostname=service.server,
         type=service.type,
         name=service.name,
-        properties=properties,
+        properties=service.decoded_properties,
     )
 
 
diff --git a/homeassistant/components/zeroconf/manifest.json b/homeassistant/components/zeroconf/manifest.json
index d78f33f0d91611..c4d7cb923bcc36 100644
--- a/homeassistant/components/zeroconf/manifest.json
+++ b/homeassistant/components/zeroconf/manifest.json
@@ -8,5 +8,5 @@
   "iot_class": "local_push",
   "loggers": ["zeroconf"],
   "quality_scale": "internal",
-  "requirements": ["zeroconf==0.128.5"]
+  "requirements": ["zeroconf==0.129.0"]
 }
diff --git a/homeassistant/package_constraints.txt b/homeassistant/package_constraints.txt
index f01000d100bb2a..dae1f1d07327e7 100644
--- a/homeassistant/package_constraints.txt
+++ b/homeassistant/package_constraints.txt
@@ -58,7 +58,7 @@ voluptuous-serialize==2.6.0
 voluptuous==0.13.1
 webrtc-noise-gain==1.2.3
 yarl==1.9.4
-zeroconf==0.128.5
+zeroconf==0.129.0
 
 # Constrain pycryptodome to avoid vulnerability
 # see https://github.com/home-assistant/core/pull/16238
diff --git a/requirements_all.txt b/requirements_all.txt
index f890d3ad9d658a..b7ed653568f871 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -2832,7 +2832,7 @@ zamg==0.3.3
 zengge==0.2
 
 # homeassistant.components.zeroconf
-zeroconf==0.128.5
+zeroconf==0.129.0
 
 # homeassistant.components.zeversolar
 zeversolar==0.3.1
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index ed309f4ce1329d..855441eecbe936 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -2130,7 +2130,7 @@ yt-dlp==2023.11.16
 zamg==0.3.3
 
 # homeassistant.components.zeroconf
-zeroconf==0.128.5
+zeroconf==0.129.0
 
 # homeassistant.components.zeversolar
 zeversolar==0.3.1