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Raleigh city, NC

ZIP 27606 — 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 27606

Median Home Value
$423,900
Median Rent
$1,217
Affordability Snapshot
$117,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,723/mo PITI).

19%
Rent-to-Income Ratio

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

5.6x
Home Price-to-Income Ratio

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

29.0 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 27606 in Raleigh city, NC, a household would need roughly $117,000 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 $2,723. That is about 55% above the local median household income ($75,640), 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
37.1%-43% vs US avg
x
Vacancy Rate
12.5%+22% vs US avg
x
Broadband Access
96.0%+10% vs US avg
x
4+ Bedrooms
2.9%-80% vs US avg
x
Built Pre-1939
0.8%-94% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
27.1%-46% vs US avg
x
Mortgage-Free
30.6%-20% vs US avg
x
$423,900
Home Value
$1,217
Rent
1990
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 detached29.6%
  • 1-unit attached14.5%
  • 2-9 units21.5%
  • 10+ units33.5%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$423,900
Median rent$1,217
Owner-occupied37.1%
Vacant12.5%
Price-to-income5.6x
Est. income to buy$117,000