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Raleigh city, NC

ZIP 27616 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 27616

Median Home Value
$314,800
Median Rent
$1,297
Affordability Snapshot
$87,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,022/mo PITI).

19%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.2 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 27616 in Raleigh city, NC, a household would need roughly $87,000 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 $2,022. That is roughly in line with the local median household income ($81,534). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
55.7%-15% vs US avg
x
Vacancy Rate
5.0%-51% vs US avg
x
Broadband Access
95.4%+10% vs US avg
x
4+ Bedrooms
3.0%-79% vs US avg
x
Built Pre-1939
0.6%-96% vs US avg
x
Built Post-2014
3.1%-54% vs US avg
x
Rent Burden >30%
21.5%-57% vs US avg
x
Mortgage-Free
21.2%-44% vs US avg
x
$314,800
Home Value
$1,297
Rent
2005
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached52.5%
  • 1-unit attached13.8%
  • 2-9 units9.1%
  • 10+ units21.1%
  • Mobile home & other3.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$314,800
Median rent$1,297
Owner-occupied55.7%
Vacant5.0%
Price-to-income3.9x
Est. income to buy$87,000