LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$550K-1.0%|Baltimore · MDMedian List$225K-6.3%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$430K-0.1%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.6%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$465K-1.1%|Denver · COMedian List$569K+1.6%|Detroit · MIMedian List$105K-2.8%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$332K-2.1%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$375K+2.1%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$260K+2.3%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$309K-2.1%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$240K+4.3%|King County · WAMedian List$850K-4.0%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$275K0.0%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$202K+2.5%|Mesa · AZMedian List$450K-3.1%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.6%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.4M+1.7%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$497K-5.3%|Tucson · AZMedian List$324K-0.9%|Wayne County · MIMedian List$160K0.0%|LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$550K-1.0%|Baltimore · MDMedian List$225K-6.3%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$430K-0.1%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.6%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$465K-1.1%|Denver · COMedian List$569K+1.6%|Detroit · MIMedian List$105K-2.8%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$332K-2.1%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$375K+2.1%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$260K+2.3%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$309K-2.1%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$240K+4.3%|King County · WAMedian List$850K-4.0%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$275K0.0%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$202K+2.5%|Mesa · AZMedian List$450K-3.1%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.6%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.4M+1.7%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$497K-5.3%|Tucson · AZMedian List$324K-0.9%|Wayne County · MIMedian List$160K0.0%|
Property-class scope

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 market report · consumer edition · quarterly refresh
Track this ZIP

ZIP 27616 — Raleigh

Wake County →refreshed Sep 29, 20262 cycles retainednext refresh Oct 29, 2026
Market mood · cautiously optimistic

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.

Who this ZIP fits

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.

Parent geography
Aerial view · ZIP boundaries2020 Census ZCTA boundary over current aerial imagery
Leaflet Imagery © Esri, Maxar, Earthstar Geographics
Land area · 58.3 km²Water area · 0.1 km²U.S. Census Bureau TIGERweb — 2020 Census ZCTA5 boundary
Median sale price
$385,000
-1.7% year over year
Corroborated · 1 anchor · 0% off nearest
Days on market
28 days
Active listings
189
Listings with price cuts
15%
share of active listings
Sale-to-list ratio
98.5%
of asking price
ZIP Market ScoreZIP-SCORE-1.3 · 4/4 sections graded
69
Composite · average of graded sections
Computed only from this report's published readings — sections without data are excluded, never estimated.
42
Growth/100

Median prices moved down 1.7% year over year.

82
Liquidity/100

Homes spend a median of 28 days on market with 3.2 months of supply — a fast-moving market.

73
Momentum/100

15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.

80
Safety & stability/100

no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.7% · poverty 9.9% — a stable, low-distress profile.

Median price · ten-year history

Researched annual trajectory for this ZIP, from published historical series

2015201620172018201920202021202220232024202520272029$190,000$285,000$380,000$475,000$570,000

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.

Property tax · ten-year history

Median annual property tax paid on this ZIP's residential parcels

2015201620172018201920202021202220232024202520272029$1,600$2,400$3,200$4,000$4,800

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.

Census trends · population flowsACS 2019-2023 5-year estimates
Population change
+1.8%

versus the prior ACS vintage

Net migration
+1,200 people

net influx — more people moved in than out

Population base
63,520

ZCTA 27616, Wake County NC

Area context
Crime & safety

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 & education

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.

Environmental & hazard

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.

Growth & development

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.

Taxation

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.

Transportation & commute

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.

Recreation & amenities

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.

Rental market

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.

Economy & employers

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.

Transportation & infrastructure

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 pipeline

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.

County appraisal district

Wake County performs property assessments on a cyclical basis to ensure valuations reflect current market conditions.

Special districts

Parcels are subject to Wake County and City of Raleigh property taxes, with no special MUD or PID districts.

Insurance & hazard market

Property insurance premiums are stable, though homeowners should account for standard regional risks such as wind and storm damage.

Migration & population flows

North Carolina continues to see strong net domestic migration, with the Raleigh-Durham area being a primary destination for new residents.

Foreclosure doctrine

North Carolina is a non-judicial foreclosure state, allowing for a relatively streamlined process for lenders.

Disclosure doctrine

Sellers are required to provide a Residential Property and Owners' Association Disclosure Statement to buyers.

Discovery profileACS 2019-2023 5-year estimates
Census profile · ZCTA 27616, Wake County NC
Population
63,520
Median age
34.6 yrs
Owner-occupancy
58.4%
Median home value
$325,000
Median gross rent
$1,550
Median household income
$83,565
Median year built
2005
Vacancy rate
4.2%
Renter share
41.6%
Owner cost burden
22.5%
Renter cost burden
38.2%
Population change
+1.8%
Net migration
1,200
Work-from-home share
22.1%
Mean commute
28.5 min
Bachelor's or higher
38.4%
Unemployment
5.7%
Poverty rate
9.9%
Avg household size
2.75
White
42.1%
Black or African American
31.5%
Hispanic or Latino
18.2%
Asian
4.8%
Other
3.4%

Data retrieved from data.census.gov ZCTA-level tables.

Public schools with an address here · 2

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.

River Bend ElementaryElementary7/10Wake County Public SchoolsHighly rated local elementary school.
East Wake High SchoolHigh5/10Wake County Public SchoolsServes a large portion of the eastern district.
School districts
Wake County Public School SystemB+Large, diverse district serving the entire county with a focus on academic growth.
Utilities & services
InternetSpectrum/AT&TBroadband and fiber options available.
ElectricDuke EnergyPrimary provider for the region.
Water/SewerCity of RaleighMunicipal utility services.
Major employers & industries
Research Triangle ParkTechnology/ResearchMajor regional employer hub.
Wake County Public SchoolsEducationLargest employer in the county.
State of North CarolinaGovernmentSignificant employer in the capital city.
Major amenities · ZIP 27616
Theme, amusement & water parks
20+ · 20 mi
Entertainment venues, stadiums & amphitheaters
17 · 20 mi
Family fun & things to do
20+ · 13 mi
Parks, trails & nature
20+ · 13 mi
Lakes, marinas & beaches
1 · 20 mi
Golf
17 · 13 mi
Shopping & dining districts
7 · 13 mi
Airports
1 · 31 mi

Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.

Amenities & attractions3 retained amenities · 2 developments on the horizon
Inside this ZIP
Neuse River Greenway Trail
Park/Trail

Extensive paved trail system for hiking and cycling.

Wake Forest Road Retail Corridor
Shopping

Major hub for dining, grocery, and big-box retail.

Buffaloe Road Athletic Park
Sports Complex

Features sports fields and community facilities.

On the horizon · announced & under construction
Tucker PlaceResidentialUnder ConstructionLarge-scale new construction subdivision featuring single-family homes.
Capital Boulevard ExpansionInfrastructureApprovedOngoing improvements to traffic flow and road capacity.
Sources · 6 cited

Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).