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Raleigh city, NC

ZIP 27615 — 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 27615

Median Home Value
$441,100
Median Rent
$1,331
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).

15%
Rent-to-Income Ratio

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

4.1x
Home Price-to-Income Ratio

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

27.6 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 27615 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 roughly in line with the local median household income ($107,051). 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
73.5%+12% vs US avg
x
Vacancy Rate
7.0%-32% vs US avg
x
Broadband Access
96.0%+10% vs US avg
x
4+ Bedrooms
6.4%-57% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
15.8%-68% vs US avg
x
Mortgage-Free
31.9%-17% vs US avg
x
$441,100
Home Value
$1,331
Rent
1988
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached59.3%
  • 1-unit attached16.1%
  • 2-9 units10.3%
  • 10+ units14.2%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$441,100
Median rent$1,331
Owner-occupied73.5%
Vacant7.0%
Price-to-income4.1x
Est. income to buy$121,000