US5.com
  1. Home
  2. States
  3. North Carolina
  4. ZIP 27609
  5. Housing & Real Estate
Raleigh city, NC

ZIP 27609 — 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 27609

Median Home Value
$441,100
Median Rent
$1,244
Affordability Snapshot
$121,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,834/mo PITI).

18%
Rent-to-Income Ratio

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

5.4x
Home Price-to-Income Ratio

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

29.5 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 27609 in Raleigh city, NC, a household would need roughly $121,000 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 $2,834. That is about 48% above the local median household income ($81,538), 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 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
51.1%-22% vs US avg
x
Vacancy Rate
13.6%+32% vs US avg
x
Broadband Access
88.9%+2% vs US avg
x
4+ Bedrooms
5.4%-63% vs US avg
x
Built Pre-1939
0.7%-94% vs US avg
x
Built Post-2014
2.2%-68% vs US avg
x
Rent Burden >30%
23.1%-53% vs US avg
x
Mortgage-Free
33.0%-14% vs US avg
x
$441,100
Home Value
$1,244
Rent
1982
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached39.6%
  • 1-unit attached11.7%
  • 2-9 units13.4%
  • 10+ units34.3%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$441,100
Median rent$1,244
Owner-occupied51.1%
Vacant13.6%
Price-to-income5.4x
Est. income to buy$121,000