Zip 27607 (Raleigh, NC) Housing

Housing in 27607 Raleigh, NC is in high demand and considered to be desirable. The median value of a house in the area is $586,400, which is significantly higher than the US House Median Value of $338,100. Over the past year, house appreciation in 27607 Raleigh has been 14.83%, more than double the US 1 year House Appreciation rate of 8.27%. With such a high demand for housing and strong appreciation rates, many people are looking to invest in property within this area.

The median home cost in Raleigh (zip 27607) is $586,400. Home appreciation the last 10 years has been 122.8%. Home Appreciation in Raleigh (zip 27607) is up 23.6%.

Average Age of Homes

- The median age of Raleigh (zip 27607) real estate is 38 years old

The Rental Market in Raleigh (zip 27607)

- Renters make up 47.8% of the Raleigh (zip 27607) population
- 4.7% of houses and apartments in Raleigh (zip 27607), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Raleigh, North Carolina	United States
	9,880.0	139,647,020.0
	35	42
	$586,400	$338,100
	23.6%	16.6%
	70.7%	57.0%
	122.8%	101.1%
	$8.57	$10.98
	$4,063	$2,690
	41.7%	57.4%
	10.3%	11.2%
	48.0%	31.4%
Vacant Housing
	4.7%	1.9%
	1.0%	0.4%
	0.3%	0.7%
	0.2%	0.4%
	0.5%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.6%	2.4%
	0.2%	2.8%
	0.0%	3.9%
	0.1%	4.5%
	1.3%	11.3%
	5.2%	13.0%
	12.0%	20.1%
	19.3%	13.6%
	15.1%	8.3%
	27.0%	9.7%
	12.2%	3.9%
	5.8%	2.2%
	1.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.8%	0.2%
	10.3%	13.6%
	10.3%	13.6%
	10.0%	13.6%
	11.9%	13.2%
	10.5%	14.8%
	10.0%	13.6%
	9.3%	10.0%
	6.4%	4.7%
	5.3%	12.2%

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