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Raleigh city, NC

ZIP 27604 — 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 27604

Median Home Value
$293,100
Median Rent
$1,216
Affordability Snapshot
$81,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,883/mo PITI).

20%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

20.1 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 27604 in Raleigh city, NC, a household would need roughly $81,000 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 $1,883. That is roughly in line with the local median household income ($72,793). 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
55.0%-16% vs US avg
x
Vacancy Rate
10.8%+5% vs US avg
x
Broadband Access
91.0%+5% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
2.0%-85% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
21.5%-57% vs US avg
x
Mortgage-Free
25.5%-33% vs US avg
x
$293,100
Home Value
$1,216
Rent
1990
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached50.1%
  • 1-unit attached17.3%
  • 2-9 units12.2%
  • 10+ units18.1%
  • Mobile home & other2.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$293,100
Median rent$1,216
Owner-occupied55.0%
Vacant10.8%
Price-to-income4.0x
Est. income to buy$81,000