Zip 27608 (Raleigh, NC) Housing

Raleigh, NC is an area that has seen a significant increase in housing median value over the past year. According to data from Zillow, the median home value in 27608 Raleigh is $843,200. This is more than double the US median home value of $338,100. The US saw a 1-year house appreciation of 8.27%, while Raleigh saw an appreciation of 14.83%. These figures indicate that this North Carolina city is experiencing a surge in demand for real estate and reflects a strong local economy and job market.

The median home cost in Raleigh (zip 27608) is $843,200. Home appreciation the last 10 years has been 122.8%. Home Appreciation in Raleigh (zip 27608) is up 23.6%.

Average Age of Homes

- The median age of Raleigh (zip 27608) real estate is 63 years old

The Rental Market in Raleigh (zip 27608)

- Renters make up 31.5% of the Raleigh (zip 27608) population
- 2.1% of houses and apartments in Raleigh (zip 27608), 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
	5,561.0	139,647,020.0
	62	42
	$843,200	$338,100
	23.6%	16.6%
	70.7%	57.0%
	122.8%	101.1%
	$8.89	$10.98
	$6,349	$2,690
	70.1%	57.4%
	8.1%	11.2%
	21.8%	31.4%
Vacant Housing
	2.1%	1.9%
	1.2%	0.4%
	2.1%	0.7%
	0.4%	0.4%
	0.3%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.3%	3.9%
	0.4%	4.5%
	1.5%	11.3%
	2.1%	13.0%
	5.3%	20.1%
	7.7%	13.6%
	11.6%	8.3%
	24.1%	9.7%
	22.9%	3.9%
	15.9%	2.2%
	5.7%	0.8%
	2.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	10.5%	13.6%
	10.5%	13.6%
	5.4%	13.6%
	7.6%	13.2%
	4.2%	14.8%
	5.4%	13.6%
	17.4%	10.0%
	12.3%	4.7%
	21.6%	12.2%

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