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Raleigh city, NC

ZIP 27608 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 27608

Median Home Value
$911,000
Median Rent
$1,270
Affordability Snapshot
$251,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,852/mo PITI).

10%
Rent-to-Income Ratio

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

5.9x
Home Price-to-Income Ratio

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

59.8 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 27608 in Raleigh city, NC, a household would need roughly $251,000 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 $5,852. That is about 61% above the local median household income ($155,433), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
74.0%+13% vs US avg
x
Vacancy Rate
5.8%-43% vs US avg
x
Broadband Access
97.3%+12% vs US avg
x
4+ Bedrooms
15.3%+4% vs US avg
x
Built Pre-1939
12.7%-1% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
24.4%-51% vs US avg
x
Mortgage-Free
35.9%-6% vs US avg
x
$911,000
Home Value
$1,270
Rent
1961
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 detached68.9%
  • 1-unit attached13.0%
  • 2-9 units10.9%
  • 10+ units7.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$911,000
Median rent$1,270
Owner-occupied74.0%
Vacant5.8%
Price-to-income5.9x
Est. income to buy$251,000