City Report · NC

Zebulon

Pop. 8,711·20th most expensive in North Carolina·Rental market data updated monthly for Zebulon, NC
Median rent (all units)
$1,951/mo
Year-over-Year
+3.2%
Month-over-Month
+0.8%
vs US Median
+$19
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Zebulon · $1,951
More expensive than 57% of US cities · National median $1,932/mo
Rent Reality Score
52/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Zebulon's 10-year trend predicts.

Actual rent
$1,951/mo
Expected by trend
$1,975/mo
The Rent Reality Score compares today's median rent to where Zebulon's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,290
1 BR
$1,320
2 BR
$1,490
3 BR
$1,840
4 BR+
$2,440
Fair Market Rent (HUD)
$1,490/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,951 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in Zebulon is at its highest level since Zillow's records here began in May 2022.

Past year vs. the rest of North Carolina

Rent in Zebulon changed +3.2% over the year to September 2026. Across the 94 North Carolina cities Zillow tracks, the typical change was +2.9%.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($79,112) is $1,978 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,840); a 4-bedroom is $2,440.

Cheaper nearby

Knightdale, 11 miles away, rents for 13% less ($1,698/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for Zebulon. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$23,412/yr
At $1,951/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.2% YoY, +0.8% MoM), not inventory.
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Demographics

Who lives here

Zebulon, NC is majority owner-occupied, 30.9% of residents hold a bachelor's degree or higher.

Population
8,711
Median income
$79,112
Median age
38.3
Renters
37.3%
Age distribution
23.9%
22.7%
31.7%
12.9%
Under 1823.9%
18–3422.7%
35–5431.7%
55–648.7%
65+12.9%
Gender
47.1%
52.9%
Male47.1%
Female52.9%
Race & ethnicity
30.4%
45.6%
22.9%
White30.4%
Black45.6%
Hispanic22.9%
Other0.8%
Education (25+)
19.3%
21.9%
27.8%
30.9%
No HS diploma19.3%
HS diploma21.9%
Some college27.8%
Bachelor's+30.9%
Housing tenure
62.7%
37.3%
Owner62.7%
Renter37.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Zebulon, NC has changed in 5 years

Rent
$1,833 → $1,951
up 6.4%
Income
$44,389 → $79,112
up 78.2%
Population
6,958 → 8,711
up 25.2%
Renter share
30.5% → 37.3%
+6.8 pts
Bachelor's+
22.8% → 30.9%
+8.1 pts
Median age
40.2 → 38.3
-1.9 yrs

Compared with 2023, rent in Zebulon, NC has climbed by $118 per month, settling near $1,951 after starting the period at $1,833. Household income in the area moved from $44,389 to $79,112 across the same window, up 78.2% versus 2021. Income growth outran rent by about 71.8 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 6,958 to 8,711 between 2021 and 2024, a 25.2% change. About 37.3% of households rent today, against 30.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 22.8% to 30.9%. Reading these numbers side by side helps frame whether current listings in Zebulon, NC look reasonable against where the market sat half a decade ago.

Community

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View Zebulon rent history (2015–2026) →
Salary vs rent

Can you afford rent in Zebulon on your salary?

At $1,951/mo, how Zebulon rent compares to typical pay (30% rule).

By apartment size

Zebulon rent by bedroom count

Median rent for each apartment size in Zebulon. Click any size for full breakdown.

Local insights

Tips for renters in Zebulon

About renting in Zebulon, NC

Last updated: October 17, 2026

The median rent in Zebulon is $1,951/mo as of October 2026. A studio apartment averages $1,290/mo while a 2-bedroom runs $1,490/mo. One-bedroom apartments average $1,320/mo and 3-bedroom units go for $1,840/mo.

At 30% of local median household income ($79,112/yr), Zebulon ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Zebulon?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,951/mo in Zebulon. The local median household income is $79,112/yr, so the typical household meets that bar.

Is rent going up or down in Zebulon?

Rent in Zebulon has risen 3.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2022.

How does Zebulon rent compare to other cities in North Carolina?

Zebulon is one of the pricier among North Carolina cities for rent, ranking #20 of 129 tracked cities at $1,951/mo. Over the year to September 2026, rent in Zebulon changed +3.2%, against a typical +2.9% across the 94 North Carolina cities Zillow tracks.

Which nearby cities are cheaper to rent in than Zebulon?

Nearby cities with lower median rent than Zebulon ($1,951/mo) include Knightdale ($1,698/mo), Clayton ($1,797/mo), and Wake Forest ($1,798/mo).
Income Affordability
30%
MODERATE

At $1,951/mo, rent takes ~30% of Zebulon's median household income ($79,112/yr). The standard benchmark is 30%.

Zebulon 30%Benchmark 30%
State income tax4.5%
Run the Zebulon affordability calculator →
Lowest-rent ZIP codes in Zebulon
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Zebulon, NC

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