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Cary town, NC

ZIP 27518 — 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 27518

Median Home Value
$594,900
Median Rent
$1,402
Affordability Snapshot
$164,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,821/mo PITI).

14%
Rent-to-Income Ratio

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

4.9x
Home Price-to-Income Ratio

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

35.4 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 27518 in Cary town, NC, a household would need roughly $164,000 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 $3,821. That is about 35% above the local median household income ($121,242), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
65.5%+0% vs US avg
x
Vacancy Rate
10.9%+6% vs US avg
x
Broadband Access
95.8%+10% vs US avg
x
4+ Bedrooms
11.4%-23% vs US avg
x
Built Pre-1939
0.2%-98% vs US avg
x
Built Post-2014
2.0%-71% vs US avg
x
Rent Burden >30%
20.6%-59% vs US avg
x
Mortgage-Free
33.5%-12% vs US avg
x
$594,900
Home Value
$1,402
Rent
1998
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached55.9%
  • 1-unit attached3.8%
  • 2-9 units8.9%
  • 10+ units30.3%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$594,900
Median rent$1,402
Owner-occupied65.5%
Vacant10.9%
Price-to-income4.9x
Est. income to buy$164,000