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Raleigh city, NC

ZIP 27607 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 27607

Median Home Value
$639,200
Median Rent
$1,389
Affordability Snapshot
$176,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,106/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

38.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 27607 in Raleigh city, NC, a household would need roughly $176,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,106. That is about 85% above the local median household income ($95,216), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
45.3%-31% vs US avg
x
Vacancy Rate
13.3%+29% vs US avg
x
Broadband Access
95.7%+10% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
4.5%-65% vs US avg
x
Built Post-2014
3.9%-43% vs US avg
x
Rent Burden >30%
19.9%-60% vs US avg
x
Mortgage-Free
28.0%-27% vs US avg
x
$639,200
Home Value
$1,389
Rent
1994
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached41.7%
  • 1-unit attached8.4%
  • 2-9 units13.0%
  • 10+ units36.7%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$639,200
Median rent$1,389
Owner-occupied45.3%
Vacant13.3%
Price-to-income6.7x
Est. income to buy$176,000