The story of this market
The typical home in ZIP 27540 sells for about $474,700, or $235 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,947 a month.
ZIP 27540 — Holly Springs
The housing market in 27540 remains robust, characterized by high demand and limited inventory, which continues to drive price appreciation. The area's strong economic fundamentals, anchored by the life sciences sector, support a stable and growing real estate environment. Buyers are increasingly drawn to the high quality of life and proximity to major employment hubs.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools, modern housing stock, and convenient access to the Raleigh-Durham employment hub.
Median prices moved up 4.2% year over year.
Homes spend a median of 32 days on market with 2.8 months of supply — a fast-moving market.
18% 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 3.1% · poverty 4.7% — 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 5.8%/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 5.8%/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 27540, Wake County NC
Holly Springs consistently ranks as one of the safest municipalities in North Carolina, with crime rates significantly lower than both the state and national averages.
The area is served by the Wake County Public School System, which is highly regarded for its academic performance and diverse educational programming.
The region faces moderate risks from severe thunderstorms and occasional tropical remnants, though it is generally outside high-risk flood zones; standard homeowners insurance is readily available.
Holly Springs is experiencing rapid growth driven by its proximity to the Research Triangle Park and major life sciences employers, leading to significant residential and commercial expansion.
Property taxes are levied by Wake County and the Town of Holly Springs; there are no special MUD/PID districts commonly found in other states, though standard municipal and county rates apply.
Commuters primarily utilize NC-55 and I-540 to access the Research Triangle Park and Raleigh, with typical drive times ranging from 25 to 40 minutes depending on traffic.
The area features extensive greenways, Bass Lake Park, and the Holly Springs Cultural Center, providing robust outdoor and community amenities within a short distance.
The rental market is characterized by high demand and low vacancy rates, driven by professionals relocating for regional employment opportunities.
The local economy is anchored by the life sciences and pharmaceutical sectors, with major employers including Seqirus and various firms in the nearby Research Triangle Park.
Transportation is primarily car-dependent, with major corridors including NC-55 and US-1 providing access to the broader Triangle region.
The town maintains an active development pipeline focused on managed growth, including new residential subdivisions and commercial infrastructure along the NC-55 corridor.
Not applicable; Wake County utilizes a centralized assessment system for property tax purposes.
Parcels are subject to Wake County and Town of Holly Springs tax levies; no special utility or hospital districts are noted.
Property insurance remains stable, though premiums reflect regional exposure to severe weather events common in the North Carolina Piedmont.
North Carolina continues to see 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 27540 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.
Features a lake, walking trails, and fishing opportunities.
Hosts local theater, concerts, and community events.
A major regional facility for baseball, soccer, and community sports.
Key-figure check: median price diverges 36.9% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $650,000 (36.9% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $650,000 (+36.9% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.