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Raleigh city, NC

ZIP 27617 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 27617

Median Home Value
$448,300
Median Rent
$1,454
Affordability Snapshot
$123,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,880/mo PITI).

16%
Rent-to-Income Ratio

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

4.1x
Home Price-to-Income Ratio

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

25.7 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 27617 in Raleigh city, NC, a household would need roughly $123,000 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 $2,880. That is roughly in line with the local median household income ($109,991). 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
45.2%-31% vs US avg
x
Vacancy Rate
7.4%-28% vs US avg
x
Broadband Access
93.6%+8% vs US avg
x
4+ Bedrooms
4.6%-69% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
13.8%-72% vs US avg
x
Mortgage-Free
27.4%-28% vs US avg
x
$448,300
Home Value
$1,454
Rent
2005
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 detached29.9%
  • 1-unit attached18.8%
  • 2-9 units4.8%
  • 10+ units46.3%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$448,300
Median rent$1,454
Owner-occupied45.2%
Vacant7.4%
Price-to-income4.1x
Est. income to buy$123,000