The story of this market
The typical home in ZIP 27511 sells for about $539,999, or $265 per square foot.
Prices are up +2.86% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,515 a month.
ZIP 27511 — Cary
The 27511 housing market remains robust, characterized by steady price appreciation and strong buyer demand. Low inventory levels continue to support competitive conditions, with homes selling faster than the national average. The area's economic stability, driven by the nearby Research Triangle, remains the primary catalyst for market strength.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools, safety, and proximity to major regional employment centers.
Median prices moved up 2.9% year over year.
Homes spend a median of 57 days on market with 3.2 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · poverty 9.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 27511, Wake County NC
Cary consistently ranks as one of the safest cities in North Carolina and the United States, with crime rates significantly lower than both state and national averages.
The area is served by the highly-rated Wake County Public School System, known for strong academic performance and rigorous college-preparatory programs.
The region faces moderate risks from severe thunderstorms and occasional tropical remnants, though it is generally outside high-risk flood zones; property insurance remains stable but sensitive to regional weather patterns.
Cary benefits from its proximity to the Research Triangle Park, driving consistent demand from tech and biotech professionals, with ongoing mixed-use development in the downtown and Fenton districts.
Property taxes are levied by Wake County and the Town of Cary, with additional special district taxes for fire and school services; North Carolina maintains a flat individual income tax rate.
Residents enjoy convenient access to I-40 and I-540, providing efficient transit to Research Triangle Park, Raleigh, and Durham employment hubs.
The ZIP features extensive greenway systems, Hemlock Bluffs Nature Preserve, and proximity to Lake Crabtree, alongside robust shopping and dining options at Cary Towne Center and nearby retail corridors.
The rental market is characterized by high demand and low vacancy rates, driven by the influx of corporate professionals and limited new multi-family supply.
The economy is anchored by the Research Triangle Park, with major sectors including technology, life sciences, and education, supported by a highly educated workforce.
The area is primarily car-dependent, though it is served by GoCary bus transit and is located near major highway corridors connecting to the broader Triangle region.
Ongoing development focuses on densifying the downtown area and expanding mixed-use hubs to accommodate population growth.
Wake County performs property revaluations periodically to ensure assessments align with current market values.
Parcels are subject to Wake County and Town of Cary tax levies, with specific fire and school district assessments applied.
Property insurance premiums are influenced by regional weather risks, with standard coverage widely available through major carriers.
North Carolina continues to experience strong net domestic migration, with the Triangle region being a primary destination for new residents.
North Carolina is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Sellers are required to provide a Residential Property and Owners' Association Disclosure Statement to buyers.
Data retrieved from data.census.gov ZCTA 27511 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Frankie's of Raleigh4.410.4 mi
- Dave & Buster's Cary41.1 mi
- Happy Feet Planet Apex4.75.5 mi
- Urban Air Trampoline and Adventure Park4.15.3 mi
- RushHour Karting4.55.4 mi
- Lenovo Center4.54.1 mi
- North Carolina Museum of Art4.85.2 mi
- North Carolina State Fair4.44.2 mi
- Atlantic Union Bank Convention Center4.67.9 mi
- Coastal Credit Union Music Park at Walnut Creek4.411.5 mi
- North Carolina Museum of Natural Sciences4.88 mi
- North Carolina Museum of Art4.85.2 mi
- Downtown Cary Park4.81 mi
- Dix Park4.77.2 mi
- Pullen Park4.76.7 mi
- North Carolina Museum of Natural Sciences4.88 mi
- North Carolina Museum of Art4.85.2 mi
- Museum of Life and Science4.719.1 mi
- Marbles Kids Museum4.88.2 mi
- Duke University Chapel4.918.3 mi
- North Carolina Museum of Art4.85.2 mi
- Downtown Cary Park4.81 mi
- Dix Park4.77.2 mi
- Pullen Park4.76.7 mi
- Pleasant Park4.77.3 mi
- Topgolf3.88.2 mi
- Drive Shack4.73.2 mi
- Knights Play Golf Center4.34.3 mi
- Prestonwood Country Club4.73.5 mi
- Pin Point Indoor Pickleball & Golf4.68.1 mi
- Crabtree4.47.5 mi
- H Mart Cary4.64 mi
- The Streets at Southpoint4.512.9 mi
- State Farmers Market4.76.7 mi
- Fenton4.61.5 mi
- Raleigh-Durham International Airport4.47.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features extensive hiking trails and educational nature programs.
A major mixed-use district featuring high-end retail and restaurants.
One of the largest municipal parks in the region with lake access and sports facilities.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).