The story of this market
The typical home in ZIP 27607 sells for about $658,333, or $342 per square foot.
Prices are roughly flat from a year ago (+0.1%), a market in balance. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,610 a month.
ZIP 27607 — Raleigh
The 27607 housing market remains stable with high demand driven by its proximity to NC State University and the Research Triangle. While price growth has moderated compared to previous years, the market maintains low inventory and steady sales activity. Buyers should expect competitive conditions for well-maintained properties in this high-demand urban corridor.
This area is ideal for university-affiliated faculty and students, young professionals seeking proximity to urban amenities, and investors targeting the stable rental demand of the NC State corridor.
Median prices moved up 0.1% year over year.
Homes spend a median of 28 days on market with 2.6 months of supply — a fast-moving market.
19% 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 4.8% · poverty 15.2% — a stable, low-distress profile.
Built from 336 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.
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 8.5%/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 7.8%/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 27607, Wake County NC
Crime rates in the 27607 area are generally consistent with urban Raleigh averages, with property crime being the primary concern compared to violent crime incidents.
The area is served by the Wake County Public School System, which maintains a mix of highly-rated magnet schools and standard neighborhood schools.
The area faces moderate risk from localized flash flooding during heavy storm events, typical of the Piedmont region, with standard insurance requirements for homeowners.
Economic momentum is driven by proximity to North Carolina State University and the nearby Research Triangle Park, fueling demand for both student housing and professional residential development.
Property taxes are assessed by Wake County based on the fair market value of the property, with additional municipal taxes levied by the City of Raleigh.
Residents benefit from excellent access to I-40 and I-440, providing direct routes to downtown Raleigh and the Research Triangle Park employment hubs.
The ZIP code features extensive access to the NC State University campus amenities, Pullen Park, and the greenway trail systems along the Walnut Creek corridor.
The rental market is highly competitive due to the large student population, with consistent demand and low vacancy rates for well-located multi-family units.
The economy is anchored by North Carolina State University and the broader Research Triangle Park, with a strong concentration in education, technology, and life sciences.
The area is well-served by GoRaleigh bus routes and major highway arteries, facilitating efficient transit to the wider Raleigh-Durham metro area.
Development is focused on high-density residential projects near the university and transit corridors to accommodate population growth.
Wake County utilizes a mass appraisal system with periodic revaluations to ensure property assessments reflect current market conditions.
Parcels are subject to Wake County property taxes and City of Raleigh municipal taxes, with no significant MUD/PID districts reported.
Property insurance premiums are stable, though homeowners in flood-prone areas near creek beds may require supplemental flood coverage.
North Carolina continues to see strong net domestic migration, particularly into the Research Triangle region.
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 27607 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 Raleigh4.410.1 mi
- Fantasy Lake Adventure Park4.716.4 mi
- Dave & Buster's Cary44.7 mi
- Happy Feet Planet Apex4.711 mi
- Urban Air Trampoline and Adventure Park4.17.8 mi
- Lenovo Center4.51.9 mi
- North Carolina Museum of Art4.81 mi
- North Carolina State Fair4.41.5 mi
- Atlantic Union Bank Convention Center4.63.2 mi
- Coastal Credit Union Music Park at Walnut Creek4.47.1 mi
- North Carolina Museum of Natural Sciences4.83 mi
- North Carolina Museum of Art4.81 mi
- Downtown Cary Park4.85.4 mi
- Dix Park4.72.9 mi
- Pullen Park4.72.1 mi
- North Carolina Museum of Natural Sciences4.83 mi
- North Carolina Museum of Art4.81 mi
- Museum of Life and Science4.719.7 mi
- Marbles Kids Museum4.83.3 mi
- Duke University Chapel4.919.8 mi
- North Carolina Museum of Art4.81 mi
- Downtown Cary Park4.85.4 mi
- Dix Park4.72.9 mi
- Pullen Park4.72.1 mi
- Pleasant Park4.712.9 mi
- Topgolf3.89.8 mi
- Drive Shack4.72.9 mi
- Knights Play Golf Center4.39.3 mi
- Prestonwood Country Club4.78.3 mi
- Pin Point Indoor Pickleball & Golf4.64.3 mi
- Crabtree4.42.7 mi
- H Mart Cary4.69.1 mi
- Triangle Town Center4.27.7 mi
- State Farmers Market4.73 mi
- Fenton4.64.2 mi
- Raleigh-Durham International Airport4.47.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic public park featuring a carousel, train, and aquatic center.
Major anchor institution providing cultural and athletic events.
Premier mixed-use shopping and dining destination.
Key-figure check: median price diverges 45.1% 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 $658,333 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.