The story of this market
The typical home in ZIP 27615 sells for about $540,000, or $235 per square foot.
Prices are down 3.4% from a year ago, which gives buyers more room to negotiate. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,612 a month.
ZIP 27615 — Raleigh
The 27615 housing market shows signs of stabilization with a median sale price of $540,000, reflecting a slight year-over-year decline as the market adjusts to interest rate pressures. Inventory remains tight, supporting a healthy sale-to-list ratio of 98.5%, while demand remains driven by the area's strong economic fundamentals and proximity to major employment hubs. Some figures, such as specific months of supply and precise price-cut percentages, are based on current market estimates as official ZIP-level reports were not available for the most recent month.
This ZIP is ideal for families and professionals seeking a balance between suburban tranquility and accessibility to major employment hubs, offering a mix of established single-family homes and modern townhome developments.
Median prices moved down 3.4% year over year.
Homes spend a median of 28 days on market with 2.1 months of supply — a fast-moving market.
22% 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 2.9% · poverty 5.8% — a stable, low-distress 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 7.4%/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 7.4%/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 27615, Wake County NC
Crime rates in the 27615 area are generally considered lower than the Raleigh city average, with property crime being the primary concern in suburban residential pockets.
The area is served by the Wake County Public School System, which maintains a strong reputation for academic performance and diverse extracurricular offerings.
The area faces standard regional risks for severe thunderstorms and occasional tropical remnants, with flood risk primarily concentrated near localized creek beds.
Economic momentum is driven by proximity to the Research Triangle Park and major corporate expansions in North Raleigh, supported by ongoing infrastructure improvements along the I-540 corridor.
Property taxes are assessed by Wake County based on fair market value, with additional municipal taxes applied by the City of Raleigh; no special MUD/PID districts are prevalent.
Residents benefit from direct access to I-540 and US-1, providing a standard 20-30 minute commute to downtown Raleigh and the Research Triangle Park employment hubs.
The ZIP features extensive access to greenways, proximity to Falls Lake State Recreation Area, and numerous local shopping centers including the North Ridge and Falls Village districts.
The rental market remains competitive with steady demand from young professionals and families, though vacancy rates have seen slight upward pressure due to new multi-family completions.
The economy is anchored by the technology, healthcare, and education sectors, with significant employment influence from the nearby Research Triangle Park and North Carolina State University.
The area is primarily car-dependent, with major transit corridors including I-540 and US-1; public transit via GoRaleigh provides limited connectivity to the city center.
Development is focused on infill residential projects and the expansion of commercial retail space along the Creedmoor and Falls of Neuse corridors.
Parcels are primarily served by the Wake County Public School System and the City of Raleigh municipal services.
Property insurance premiums are stable but reflect regional exposure to wind and storm-related risks common to the North Carolina Piedmont.
Data retrieved from US Census Bureau 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 Raleigh4.48.6 mi
- Fantasy Lake Adventure Park4.712.4 mi
- Dave & Buster's Cary410.3 mi
- Happy Feet Planet Apex4.716.6 mi
- Urban Air Trampoline and Adventure Park4.110.1 mi
- Lenovo Center4.57.1 mi
- North Carolina Museum of Art4.86.2 mi
- North Carolina State Fair4.47.3 mi
- Atlantic Union Bank Convention Center4.67.8 mi
- Coastal Credit Union Music Park at Walnut Creek4.410.1 mi
- North Carolina Museum of Natural Sciences4.87.2 mi
- North Carolina Museum of Art4.86.2 mi
- Downtown Cary Park4.810.4 mi
- Dix Park4.78 mi
- Pullen Park4.77.5 mi
- North Carolina Museum of Natural Sciences4.87.2 mi
- North Carolina Museum of Art4.86.2 mi
- Museum of Life and Science4.717.3 mi
- Marbles Kids Museum4.87.5 mi
- Duke University Chapel4.918.3 mi
- North Carolina Museum of Art4.86.2 mi
- Downtown Cary Park4.810.4 mi
- Dix Park4.78 mi
- Pullen Park4.77.5 mi
- Gipson Play Plaza4.68.3 mi
- Topgolf3.810.6 mi
- Drive Shack4.77.9 mi
- Pin Point Indoor Pickleball & Golf4.69.2 mi
- Prestonwood Country Club4.712.4 mi
- Lonnie Poole Golf Course4.58.9 mi
- Crabtree4.43.7 mi
- Triangle Town Center4.24.1 mi
- State Farmers Market4.78.6 mi
- Fenton4.69.6 mi
- Grand Asia Market4.49.9 mi
- Raleigh-Durham International Airport4.47.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large reservoir offering boating, fishing, and hiking trails.
Private club featuring championship golf courses and social amenities.
Major retail hub serving the northern Raleigh area.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).