ZIP Code · NC

ZIP 27502

Part of Apex, NC
Pop. 48,530·Wake County·18th most expensive ZIP in North Carolina
Median rent (all units)
$2,082/mo
Year-over-Year
+0.2%
Month-over-Month
+0.2%
vs US Median
+$150
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 27502 · $2,082
More expensive than 65% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,860
1 BR
$1,950
2 BR
$2,140
3 BR
$2,690
4 BR+
$3,590
Research median
$2,140/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 27502 usually run 1.2% below trend in December and 0.9% above it in July, about $44 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 27502 is 0.7% below its high of $2,096 in February 2025, at $2,082 as of September 2026.

Past year vs. the rest of North Carolina

Rent in ZIP 27502 changed +0.2% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 27502 rose 33.7% while median household income rose 24.4% ($115,685 to $143,922). Rent outpaced income.

Since before the pandemic

Rent in ZIP 27502 is 33.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($143,922) is $3,598 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,590).

Rank in Apex

3rd cheapest of 3 ZIP codes in Apex.

Cheaper nearby

ZIP 27539, 7 miles away, rents for 17% less ($1,729/mo), about $4,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 27502. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$24,984/yr
At $2,082/mo median
Location
CityApex
StateNC
CountyWake County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.2% YoY, +0.2% MoM), not inventory.
Demographics

Who lives here

ZIP 27502 (Apex, NC) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 68.4% of residents hold a bachelor's degree or higher.

Population
48,530
Median income
$143,922
Median age
37.8
Renters
18.4%
Age distribution
28.2%
17.5%
32.4%
Under 1828.2%
18–3417.5%
35–5432.4%
55–6410.9%
65+11%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
67.3%
14.7%
White67.3%
Black7.7%
Hispanic5.9%
Asian14.7%
Other4.5%
Education (25+)
20%
68.4%
No HS diploma2%
HS diploma9.6%
Some college20%
Bachelor's+68.4%
Housing tenure
81.6%
18.4%
Owner81.6%
Renter18.4%

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

2021 vs 2026

How ZIP 27502 in Apex, NC has changed in 5 years

Rent
$1,657 → $2,082
up 25.6%
Income
$124,809 → $143,922
up 15.3%
Population
45,233 → 48,530
up 7.3%
Renter share
19.7% → 18.4%
-1.3 pts
Bachelor's+
64.6% → 68.4%
+3.8 pts

Across the past five years, the going rent in ZIP 27502 in Apex, NC has shifted from $1,657 to $2,082, up 25.6% since 2021. Census figures show median household income at $143,922 today, compared with $124,809 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 27502 in Apex, NC adding about 3,297 residents over the five-year window, up 7.3% on net. Bachelor's-degree-or-higher attainment moved from 64.6% to 68.4% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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About renting in ZIP 27502

Last updated: October 17, 2026

ZIP code 27502 covers Apex, NC. The median rent here is $2,082/mo as of October 2026. A 1-bedroom rents for a median of $1,950/mo. A 2-bedroom rents for a median of $2,140/mo.

At 17% of local median household income ($143,922/yr), ZIP 27502 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 27502?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (about $40/hour full-time) to afford the median rent of $2,082/mo in ZIP 27502. The local median household income is $143,922/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 27502?

Rent in ZIP 27502 has been roughly flat over the past year as of September 2026, a +0.2% change. It sits 0.7% below its high of $2,096 in February 2025.

When is the cheapest time to rent in ZIP 27502?

Asking rents in ZIP 27502 are usually lowest in December, about 1.2% below their yearly trend, and highest in July, about 0.9% above it. At today's median that is a gap of roughly $44 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 27502?

Yes. From 2019 to 2024, rent in ZIP 27502 rose 33.7% while median household income rose 24.4%, from $115,685 to $143,922. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 27502 compare to other ZIPs in North Carolina?

ZIP 27502 is one of the pricier among North Carolina ZIP codes for rent, ranking #18 of 230 at $2,082/mo. Over the year to September 2026, rent in ZIP 27502 changed +0.2%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.

How does ZIP 27502 compare to the rest of Apex?

At $2,082/mo, ZIP 27502 is $135 above the Apex citywide median of $1,947/mo. It is the 3rd cheapest of 3 ZIP codes in Apex.
Income Affordability
17%
VERY AFFORDABLE

At $2,082/mo, rent takes ~17% of ZIP 27502's median household income ($143,922/yr). The standard benchmark is 30%.

ZIP 27502 17%Benchmark 30%
State income tax4.5%
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