The story of this market
The typical home in ZIP 27609 sells for about $689,900, or $214 per square foot.
Homes take about 67 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,474 a month.
ZIP 27609 — Raleigh
The 27609 housing market remains stable with high demand for well-located properties, evidenced by a median price of $689,900. While inventory is tight, the market is seeing balanced activity between buyers and sellers. Note that some specific metrics like exact months of supply are based on regional trends as ZIP-specific data is limited.
This ZIP is ideal for young professionals and families seeking proximity to Raleigh's urban amenities and major employment corridors without the density of the downtown core.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 67 days on market with 0.7 months of supply — a fast-moving market.
3% 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 1.6% · poverty 6.9% — a stable, low-distress profile.
Built from 25 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 12.0%/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 8.8%/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 27609, Wake County NC
Crime rates in the 27609 area are generally consistent with urban Raleigh averages, with property crime being the primary concern compared to violent crime. Residents are advised to utilize standard urban safety precautions.
Schools serving the 27609 area are part of the Wake County Public School System, which maintains a mix of highly-rated magnet programs and standard neighborhood schools with varying performance metrics.
The area is primarily at risk for localized flash flooding during heavy storm events and occasional high-wind damage from tropical systems, though wildfire risk is minimal.
The area benefits from proximity to the North Hills mixed-use district and major employment hubs in North Raleigh, driving steady demand for both residential and commercial redevelopment.
Property taxes are assessed by Wake County based on the fair market value of real estate, with additional municipal taxes levied by the City of Raleigh; no special MUD/PID districts are typically attached to residential parcels here.
Residents enjoy convenient access to I-440 and US-1, providing a direct commute to Downtown Raleigh and the Research Triangle Park employment centers.
The area features proximity to Shelley Lake Park and the Crabtree Creek Greenway, offering extensive walking and biking trails, alongside major retail hubs like North Hills.
The rental market is characterized by high demand from young professionals and students, with steady rent growth and low vacancy rates due to the area's central location.
The economy is anchored by the broader Research Triangle region, with significant employment in technology, healthcare, and education sectors.
The area is served by GoRaleigh bus routes and provides easy access to the I-440 Beltline, facilitating regional transit.
Development is focused on transit-oriented density and the revitalization of aging commercial corridors.
Wake County performs property revaluations periodically to ensure assessments align with current market values.
Parcels are subject to Wake County and City of Raleigh tax jurisdictions, with no significant special utility districts reported.
Property insurance premiums are stable but reflect regional exposure to wind and storm-related risks common in North Carolina.
North Carolina continues to experience strong net domestic migration, driven by job growth in the Triangle area.
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-level tables.
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 Raleigh4.411 mi
- Fantasy Lake Adventure Park4.712 mi
- Dave & Buster's Cary49.1 mi
- Happy Feet Planet Apex4.715.5 mi
- Urban Air Trampoline and Adventure Park4.110.9 mi
- Lenovo Center4.56.1 mi
- North Carolina Museum of Art4.85 mi
- North Carolina State Fair4.46 mi
- Atlantic Union Bank Convention Center4.64.7 mi
- Coastal Credit Union Music Park at Walnut Creek4.46.7 mi
- North Carolina Museum of Natural Sciences4.84.2 mi
- North Carolina Museum of Art4.85 mi
- Downtown Cary Park4.89.7 mi
- Dix Park4.75.2 mi
- Pullen Park4.74.8 mi
- North Carolina Museum of Natural Sciences4.84.2 mi
- North Carolina Museum of Art4.85 mi
- Marbles Kids Museum4.84.4 mi
- Historic Yates Mill County Park4.79 mi
- North Carolina State Capitol4.64.3 mi
- North Carolina Museum of Art4.85 mi
- Downtown Cary Park4.89.7 mi
- Dix Park4.75.2 mi
- Pullen Park4.74.8 mi
- Gipson Play Plaza4.65.4 mi
- Rollingview Marina Inc4.312.5 mi
- Topgolf3.812.2 mi
- Drive Shack4.77.1 mi
- Pin Point Indoor Pickleball & Golf4.66.2 mi
- Prestonwood Country Club4.712.3 mi
- Lonnie Poole Golf Course4.56.4 mi
- Crabtree4.43.2 mi
- Triangle Town Center4.23.2 mi
- State Farmers Market4.75.8 mi
- Fenton4.68.6 mi
- Grand Asia Market4.48.4 mi
- Raleigh-Durham International Airport4.49.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features a 1.5-mile paved trail around the lake and a nature center.
A major mixed-use development with extensive dining, retail, and entertainment options.
A regional trail system providing connectivity for cyclists and pedestrians.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).