The story of this market
The typical home in ZIP 27560 sells for about $520,000, or $232 per square foot.
Prices are roughly flat from a year ago (+0.54%), a market in balance. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,840 a month.
ZIP 27560 — Morrisville
The housing market in ZIP code 27560 (Morrisville, NC) is currently in a balanced state with a neutral sentiment and stable trend. The median sale price is $520,000, with a median price per square foot of $232. Days on market have increased to 64, indicating longer selling cycles. The median asking rent is $1,662. Population and median household income figures were not published at the ZCTA level for the current vintage. The average effective property tax rate is 0.87%.
A prime destination for tech-industry professionals, young families seeking high-performing schools, and investors looking for proximity to the stable employment base of RTP.
Median prices moved up 0.5% year over year.
Homes spend a median of 64 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 4.0% — a stable, low-distress profile.
Built from 353 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
ZIP code tabulation area 27560
Morrisville generally maintains a favorable safety profile compared to larger regional urban centers like Raleigh and Durham, benefitting from its suburban character and high household income levels.
The area is served by the Wake County Public School System; local schools such as Cedar Fork Elementary and Parkside Elementary are frequently cited for high proficiency scores, making them a primary driver of housing demand for families.
The region faces standard Piedmont hazards, including seasonal wind storms and potential for localized flooding in low-lying areas near creeks; property insurance is generally standard, though buyers are advised to check specific flood zone designations.
Sustained development is driven by the expansion of Research Triangle Park (RTP) and the area's strategic location between major tech hubs, RDU Airport, and significant retail corridors like Park West Village.
Property taxes are levied by Wake County and the Town of Morrisville. The effective rate reflects the base county levy combined with municipal and school district requirements.
Located in the "heart of the Triangle," residents have strong access to RTP, Raleigh, and Durham, though commute times are increasing with regional traffic growth.
Key amenities include the Triangle Rock Club, Crabtree Creek Nature Park, and expansive shopping/dining options at Park West Village.
The rental market is deep, with a large supply of apartments and townhomes catering to tech professionals and transient employees; rent growth has recently slowed, offering more options for tenants.
Heavily anchored by the proximity to Research Triangle Park; the industry mix is dominated by technology, life sciences, and professional services.
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Ongoing development includes new multi-family and mixed-use projects designed to increase density near employment corridors.
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Parcels typically fall under the Wake County tax jurisdiction; specialized utility or fire districts may apply depending on the specific subdivision.
Standard residential insurance market; no specific regional exclusion noted for 27560.
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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.
Climbing gym and fitness center.
Green space with trails and natural areas.
Large retail center with numerous shops, restaurants, and entertainment options.
Nearby country club with golf course and amenities.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).