Zip 27616 (Raleigh, NC) Housing

The housing market in 27616 Raleigh, NC is currently thriving. The median value of a house in the area is $338,700, which is slightly higher than the US median value of $338,100. Furthermore, the one year house appreciation rate in this area is 14.83%, which is significantly higher than the average 8.27% US house appreciation rate. This indicates that now could be a great time to invest in this area and capitalize on its increasing property values.

The median home cost in Raleigh (zip 27616) is $338,700. Home appreciation the last 10 years has been 122.8%. Home Appreciation in Raleigh (zip 27616) is up 23.6%.

Average Age of Homes

- The median age of Raleigh (zip 27616) real estate is 16 years old

The Rental Market in Raleigh (zip 27616)

- Renters make up 30.4% of the Raleigh (zip 27616) population
- 2.4% of houses and apartments in Raleigh (zip 27616), 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
	22,191.0	139,647,020.0
	18	42
	$338,700	$338,100
	23.6%	16.6%
	70.7%	57.0%
	122.8%	101.1%
	$8.67	$10.98
	$2,018	$2,690
	55.6%	57.4%
	5.8%	11.2%
	38.7%	31.4%
Vacant Housing
	2.4%	1.9%
	0.8%	0.4%
	0.4%	0.7%
	0.6%	0.4%
	0.3%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	2.3%	2.4%
	1.3%	2.8%
	0.5%	3.9%
	0.7%	4.5%
	6.4%	11.3%
	21.0%	13.0%
	43.2%	20.1%
	17.1%	13.6%
	1.9%	8.3%
	1.6%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	31.4%	13.6%
	31.4%	13.6%
	21.3%	13.6%
	11.2%	13.2%
	3.9%	14.8%
	21.3%	13.6%
	0.6%	10.0%
	0.3%	4.7%
	0.6%	12.2%

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