The story of this market
The typical home in ZIP 27604 sells for about $350,000, or $212 per square foot.
Prices are down 4.2% from a year ago, which gives buyers more room to negotiate. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,480 a month.
ZIP 27604 — Raleigh
The housing market in 27604 currently functions as a balanced market, with supply and demand dynamics showing relative alignment. While median listing prices have seen modest year-over-year growth (7.45%), some metrics reflect price cooling in specific segments, and the increased inventory provides buyers with more options than in previous periods. The market remains sensitive to interest rate environments, with a sales pace that requires buyers to act with purpose.
Fits family buyers, young professionals, and renters seeking proximity to Raleigh’s employment core without the premiums of high-density downtown hubs.
Median prices moved down 4.2% year over year.
Homes spend a median of 57 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 13.0% — a stable, low-distress profile.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 27604, Wake County, North Carolina
The area has a mixed safety profile, with an overall crime index near the city average (roughly 1% lower than Raleigh's city-wide average). Burglary remains the most elevated concern for residents.
Schools in this ZIP show significant variance in performance, with charter options like Doral Academy performing significantly above state averages, while several traditional public schools face challenges with proficiency rates and chronic absenteeism.
Raleigh is prone to standard regional hazards including thunderstorms and occasional hurricane-related wind/rain; flooding is localized in specific floodplains.
Development momentum is tied to the broader Raleigh-Durham "Research Triangle" expansion, with ongoing infrastructure improvements and steady demand for urban-adjacent residential housing.
Property taxes are determined by the combined Wake County rate (51.71 cents per $100) and the City of Raleigh municipal rate, totaling approximately 0.87% effectively for most properties.
Generally accessible drive times to the employment core of Raleigh (avg. commute ~24.6 minutes).
Proximity to Raleigh’s greenway system and municipal parks; limited immediate large-scale tourist amenities within 3 miles.
Moderate depth with consistent availability; median rents have remained relatively stable with minor volatility.
Driven by the diverse Raleigh MSA economy, including technology, education, and healthcare hubs.
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Focused on infill residential and ongoing municipal infrastructure maintenance.
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Properties are subject to City of Raleigh and Wake County taxing jurisdictions; specific fire or special service districts may apply by address.
Standard Southeast property-insurance market; rising rates common due to regional weather patterns.
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https://data.census.gov/table/ACSST5Y2024.B03002?q=ZCTA%2027604&g=750XX00US27604
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 Raleigh4.414.1 mi
- Fantasy Lake Adventure Park4.710.7 mi
- Dave & Buster's Cary410.8 mi
- Happy Feet Planet Apex4.716.8 mi
- Urban Air Trampoline and Adventure Park4.113.5 mi
- Lenovo Center4.58.1 mi
- North Carolina Museum of Art4.87 mi
- North Carolina State Fair4.47.8 mi
- Atlantic Union Bank Convention Center4.64.6 mi
- Coastal Credit Union Music Park at Walnut Creek4.44.4 mi
- North Carolina Museum of Natural Sciences4.84.1 mi
- North Carolina Museum of Art4.87 mi
- Dix Park4.75.3 mi
- Downtown Cary Park4.811.6 mi
- Pullen Park4.75.4 mi
- North Carolina Museum of Natural Sciences4.84.1 mi
- North Carolina Museum of Art4.87 mi
- Marbles Kids Museum4.84.2 mi
- Historic Yates Mill County Park4.78.9 mi
- North Carolina State Capitol4.64.2 mi
- North Carolina Museum of Art4.87 mi
- Dix Park4.75.3 mi
- Downtown Cary Park4.811.6 mi
- Pullen Park4.75.4 mi
- Gipson Play Plaza4.65.4 mi
- Drive Shack4.79.1 mi
- Pin Point Indoor Pickleball & Golf4.65.5 mi
- Lonnie Poole Golf Course4.56.8 mi
- The Factory4.39.9 mi
- Eagle Ridge Golf Club411.4 mi
- Crabtree4.46 mi
- Triangle Town Center4.23.6 mi
- State Farmers Market4.76 mi
- Fenton4.610.4 mi
- Grand Asia Market4.49.7 mi
- Raleigh-Durham International Airport4.412.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Neighborhood green spaces for recreation.
Local hubs for activities and services.
Convenient local shopping and dining options.
Key-figure check: median price diverges 24.7% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: confirmed genuine market swing — the flagged $350,000 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.