The story of this market
The typical home in ZIP 27601 sells for about $579,828, or $377 per square foot.
Prices are up +17.1% from a year ago, so sellers still have some momentum. Homes take about 83 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,550 a month.
ZIP 27601 — Raleigh
The 27601 housing market is currently experiencing strong price appreciation, with a 17.1% year-over-year increase in median sale prices. While demand remains competitive, the market is showing signs of stabilization as inventory levels adjust to the high interest rate environment. Buyers should be prepared for a competitive landscape, though some price easing is noted in recent months.
This ZIP is best suited for young professionals and urban-focused renters who prioritize proximity to downtown employment, nightlife, and cultural amenities over traditional suburban family housing.
Median prices moved up 17.1% year over year.
Homes spend a median of 83 days on market with 3.2 months of supply — a balanced-paced market.
38% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.1% · poverty 20.2% — a mixed stability 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 8.2%/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 27601, Wake County NC
Crime rates in the downtown Raleigh area are higher than the national average, with property crime being the most frequently reported issue compared to surrounding suburban areas.
Schools serving the area are part of the Wake County Public School System, which generally maintains a strong reputation, though individual school performance varies significantly within the urban core.
The area faces moderate risk from severe thunderstorms and localized urban flooding, typical of the Piedmont region, with standard insurance requirements for homeowners.
The area is experiencing significant urban infill and redevelopment momentum, driven by its proximity to downtown Raleigh's employment hubs and major government and tech sector employers.
Property taxes are assessed by Wake County and the City of Raleigh, with rates determined by the combined municipal and county millage; no special district exemptions are widely applicable to residential parcels.
Residents benefit from excellent access to downtown Raleigh's employment core via short drives, bikeable streets, and local transit connections.
The ZIP features proximity to major urban amenities including Moore Square, the Raleigh Convention Center, and numerous downtown dining and shopping districts.
The rental market is highly active with significant demand from young professionals, though vacancy pressure remains low due to the limited supply of new residential units.
The economy is anchored by state government, higher education, and a growing technology sector in the broader Research Triangle area.
Ongoing urban revitalization projects are focused on increasing residential density and improving pedestrian infrastructure.
Parcels are subject to Wake County and City of Raleigh tax jurisdictions; no specific MUD/PID districts are noted.
Standard property insurance market with typical regional hazard premiums.
Data retrieved from data.census.gov ZCTA 27601 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 Raleigh4.413.5 mi
- Fantasy Lake Adventure Park4.714.8 mi
- Dave & Buster's Cary47.3 mi
- Happy Feet Planet Apex4.713 mi
- Urban Air Trampoline and Adventure Park4.111.4 mi
- Lenovo Center4.55.4 mi
- North Carolina Museum of Art4.84.7 mi
- North Carolina State Fair4.44.9 mi
- Atlantic Union Bank Convention Center4.60.5 mi
- Coastal Credit Union Music Park at Walnut Creek4.43.4 mi
- North Carolina Museum of Natural Sciences4.80.7 mi
- North Carolina Museum of Art4.84.7 mi
- Downtown Cary Park4.88.4 mi
- Dix Park4.71.3 mi
- Pullen Park4.71.8 mi
- North Carolina Museum of Natural Sciences4.80.7 mi
- North Carolina Museum of Art4.84.7 mi
- Marbles Kids Museum4.80.4 mi
- Historic Yates Mill County Park4.74.8 mi
- North Carolina State Capitol4.60.6 mi
- North Carolina Museum of Art4.84.7 mi
- Downtown Cary Park4.88.4 mi
- Dix Park4.71.3 mi
- Pullen Park4.71.8 mi
- Gipson Play Plaza4.61.4 mi
- Drive Shack4.76.3 mi
- Knights Play Golf Center4.311 mi
- Pin Point Indoor Pickleball & Golf4.61.6 mi
- Prestonwood Country Club4.711.6 mi
- Lonnie Poole Golf Course4.52.8 mi
- Crabtree4.45.3 mi
- H Mart Cary4.612.2 mi
- Triangle Town Center4.27.1 mi
- State Farmers Market4.71.9 mi
- Fenton4.67.1 mi
- Raleigh-Durham International Airport4.411.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic downtown park serving as a central community gathering space.
Major venue hosting regional events and conferences.
Historic district featuring local boutiques and restaurants.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).