The story of this market
The typical home in ZIP 27616 sells for about $385,000, or $195 per square foot.
Prices are down 1.7% 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 $1,659 a month.
ZIP 27616 — Raleigh
The 27616 housing market remains stable, characterized by steady demand for suburban single-family homes and new construction. While year-over-year prices have seen a slight correction, the area's affordability relative to the broader Raleigh market continues to attract buyers. Inventory levels are balanced, supporting a healthy pace of sales.
This ZIP is ideal for families and commuters who prioritize access to Raleigh's employment centers while seeking newer, more affordable housing options compared to the inner-ring suburbs. It is also attractive to investors looking for steady rental demand.
Median prices moved down 1.7% year over year.
Homes spend a median of 28 days on market with 3.2 months of supply — a fast-moving market.
15% 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 5.7% · poverty 9.9% — 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 7.9%/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 27616, Wake County NC
Crime rates in the 27616 area are generally consistent with suburban Raleigh averages, with property crime being the primary concern. Local law enforcement reports stable trends, though the area remains safer than the urban core of Raleigh.
Schools serving 27616 are part of the Wake County Public School System, which is highly regarded nationally. Most schools in this ZIP maintain average to above-average ratings, though performance varies by specific attendance zone.
The area faces moderate risk from severe thunderstorms and occasional tropical remnants, typical of the North Carolina Piedmont. Flood risk is generally localized to specific drainage basins, and standard homeowners insurance is widely available.
The area is experiencing significant residential expansion with numerous new construction subdivisions. Proximity to the I-540 outer loop and major employment hubs in North Raleigh and Research Triangle Park drives consistent development momentum.
Property taxes are assessed by Wake County and the City of Raleigh, with additional levies for the Wake County Public School System. There are no special MUD or PID districts commonly found in other states, as infrastructure is typically funded through municipal bonds.
Residents primarily commute via I-540 and US-1, providing direct access to Research Triangle Park and downtown Raleigh. Traffic congestion is common during peak hours, though the area is well-positioned for regional connectivity.
The area features access to the Neuse River Greenway Trail and several community parks. Shopping and dining are concentrated along the Capital Boulevard corridor, providing convenient access to major retail centers.
The rental market is competitive, with a mix of apartment complexes and single-family rentals. Vacancy rates remain low due to the area's popularity with commuters and families seeking suburban housing.
The economy is anchored by the broader Raleigh-Durham Research Triangle, with major employment in technology, healthcare, and education. Local industry is supported by retail and service sectors along the Capital Boulevard corridor.
The area is served by a network of arterial roads connecting to I-540 and I-440. Public transit is limited, with primary reliance on personal vehicles for commuting.
Development is focused on infill residential projects and the expansion of suburban retail centers. Zoning is primarily residential with pockets of commercial development along major thoroughfares.
Wake County performs property assessments on a cyclical basis to ensure valuations reflect current market conditions.
Parcels are subject to Wake County and City of Raleigh property taxes, with no special MUD or PID districts.
Property insurance premiums are stable, though homeowners should account for standard regional risks such as wind and storm damage.
North Carolina continues to see strong net domestic migration, with the Raleigh-Durham area being a primary destination for new residents.
North Carolina is a non-judicial foreclosure state, allowing for a relatively streamlined process for lenders.
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 Raleigh4.413.7 mi
- Fantasy Lake Adventure Park4.77.5 mi
- Dave & Buster's Cary413.7 mi
- Urban Air Trampoline and Adventure Park4.114.9 mi
- RushHour Karting4.515 mi
- Lenovo Center4.510.7 mi
- North Carolina Museum of Art4.89.5 mi
- North Carolina State Fair4.410.5 mi
- Atlantic Union Bank Convention Center4.68.6 mi
- Coastal Credit Union Music Park at Walnut Creek4.48.8 mi
- North Carolina Museum of Natural Sciences4.88.1 mi
- North Carolina Museum of Art4.89.5 mi
- Dix Park4.79.3 mi
- Pullen Park4.79.1 mi
- Marbles Kids Museum4.88.2 mi
- North Carolina Museum of Natural Sciences4.88.1 mi
- North Carolina Museum of Art4.89.5 mi
- Marbles Kids Museum4.88.2 mi
- Historic Yates Mill County Park4.713 mi
- North Carolina State Capitol4.68.2 mi
- North Carolina Museum of Art4.89.5 mi
- Dix Park4.79.3 mi
- Pullen Park4.79.1 mi
- Gipson Play Plaza4.69.5 mi
- Lake Johnson Park4.712 mi
- Rollingview Marina Inc4.312.5 mi
- Drive Shack4.711.6 mi
- Pin Point Indoor Pickleball & Golf4.69.8 mi
- Lonnie Poole Golf Course4.510.6 mi
- The Factory4.35.4 mi
- North Ridge Country Club4.63.7 mi
- Crabtree4.47.5 mi
- Triangle Town Center4.21.4 mi
- State Farmers Market4.79.9 mi
- Grand Asia Market4.412.9 mi
- Publix Super Market on Peace St.4.58 mi
- Raleigh-Durham International Airport4.412.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive paved trail system for hiking and cycling.
Major hub for dining, grocery, and big-box retail.
Features sports fields and community facilities.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).