ZIP Code · NC

ZIP 27560

Pop. 40,792·Wake County·116th most expensive ZIP in North Carolina
Median rent (all units)
$1,662/mo
Year-over-Year
+2.6%
Month-over-Month
+0.4%
vs US Median
-$270
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 27560 · $1,662
More affordable than 61% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,314
1 BR
$1,375
2 BR
$1,518
3 BR
$1,900
4 BR+
$2,492
Research median
$1,518/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 27560 usually run 1.2% below trend in December and 1.1% above it in July, about $38 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 27560 is 3% below its high of $1,714 in April 2023, at $1,662 as of September 2026.

Past year vs. the rest of North Carolina

Rent in ZIP 27560 changed +2.6% 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 27560 rose 27.9% while median household income rose 22.3% ($96,830 to $118,417). Rent outpaced income.

Since before the pandemic

Rent in ZIP 27560 is 27.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 5 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($118,417) is $2,960 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,790); a 4-bedroom is $3,660.

Cheaper nearby

ZIP 27612, 7 miles away, rents for 11% less ($1,478/mo), about $2,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 27560. 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
$19,944/yr
At $1,662/mo median
Location
StateNC
CountyWake County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.6% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 27560 (Morrisville, NC) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 72.5% of residents hold a bachelor's degree or higher.

Population
40,792
Median income
$118,417
Median age
34.3
Renters
58.9%
Age distribution
21.3%
30.3%
32.3%
Under 1821.3%
18–3430.3%
35–5432.3%
55–649.6%
65+6.5%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
39%
14.3%
38.1%
White39%
Black14.3%
Hispanic3.9%
Asian38.1%
Other4.6%
Education (25+)
16.7%
72.5%
No HS diploma3.9%
HS diploma7%
Some college16.7%
Bachelor's+72.5%
Housing tenure
41.1%
58.9%
Owner41.1%
Renter58.9%

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

2021 vs 2026

How ZIP 27560 in Morrisville, NC has changed in 5 years

Rent
$1,393 → $1,662
up 19.3%
Income
$101,850 → $118,417
up 16.3%
Population
36,804 → 40,792
up 10.8%
Renter share
53.6% → 58.9%
+5.3 pts
Bachelor's+
69.9% → 72.5%
+2.6 pts
Median age
33.7 → 34.3
+0.6 yrs

The median rent in ZIP 27560 in Morrisville, NC stood at $1,393 in 2021 and currently runs about $1,662, reflecting a 19.3% increase over the period. Local incomes tracked alongside that move, going from a median of $101,850 in 2021 to $118,417 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 10.8% since 2021, moving from about 36,804 residents to roughly 40,792. Renters now make up 58.9% of households, compared with 53.6% five years ago. College-educated residents now make up 72.5% of adults here, versus 69.9% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 27560 in Morrisville, NC market of 2021.

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Local insights

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About renting in ZIP 27560

Last updated: October 17, 2026

ZIP code 27560 covers Morrisville, NC. The median rent here is $1,662/mo as of October 2026. A 1-bedroom rents for a median of $1,375/mo. A 2-bedroom rents for a median of $1,518/mo.

At 17% of local median household income ($118,417/yr), ZIP 27560 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 27560?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,662/mo in ZIP 27560. The local median household income is $118,417/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 27560?

Rent in ZIP 27560 has risen 2.6% over the past year as of September 2026. It sits 3% below its high of $1,714 in April 2023.

When is the cheapest time to rent in ZIP 27560?

Asking rents in ZIP 27560 are usually lowest in December, about 1.2% below their yearly trend, and highest in July, about 1.1% above it. At today's median that is a gap of roughly $38 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 27560?

Yes. From 2019 to 2024, rent in ZIP 27560 rose 27.9% while median household income rose 22.3%, from $96,830 to $118,417. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 27560 compare to other ZIPs in North Carolina?

ZIP 27560 is in the middle among North Carolina ZIP codes for rent, ranking #116 of 230 at $1,662/mo. Over the year to September 2026, rent in ZIP 27560 changed +2.6%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.

How does ZIP 27560 compare to the rest of Morrisville?

At $1,662/mo, ZIP 27560 is $12 above the Morrisville citywide median of $1,650/mo.
Income Affordability
17%
VERY AFFORDABLE

At $1,662/mo, rent takes ~17% of ZIP 27560's median household income ($118,417/yr). The standard benchmark is 30%.

ZIP 27560 17%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 27560 (Morrisville, NC)

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